YourMortgageContact

TODAY'S RATES

Fixed Rate Mortgages

1 Year	2.74%
2 Year	2.74%
3 Year	2.79%
4 Year	2.99%
5 Year	3.09%
6 Year	3.79%
7 Year	3.99%
10 Year	3.99%

Cash Back Mortgages

5 Year 5% Cashback 4.99%
7 Year 5% Cashback 5.79%

Variable Rates

3 Year Variable Rate Closed
Prime (3.00%)

5 Year Variable Rate Closed
Prime – 0.10% (2.90%)

5 Year Variable Rate Open
Prime + 0.80% (3.80%)

Secured Line of Credit

Minimum payments interest only Prime + 0.50% (3.50%)

Prime Rate Today is 3.00%

Rates subject to change without notice

Updated as of February 1, 2012

Print Today’s Rates

Mortgage Process

How Do I Get a Mortgage

STEP 1: Complete an application with us. During the application process, we will collect any pertinent information from you to determine the amount of mortgage you can qualify for. The information for the application can be taken either over the phone, via an on-line application over our website, or the information can be faxed or emailed to us.

STEP 2: A credit check will be done to determine what your credit score is as well as your past credit history. The credit check will largely determine the interest rate you can get on your mortgage. Based on this interest rate and using the information we collected from your application, the maximum mortgage approvable can be determined at this point.

STEP 3: Once the maximum mortgage approvable is determined, a pre-approval is requested from the lender of your choice. If at this stage due to your credit score or other factors, you’re not able to obtain a satisfactory interest rate or mortgage amount, we will counsel you as to how to aim to get the interest rate or mortgage amount that you desire.

STEP 4: Once your pre-approval is in place, we will ask you to fax or email us information that will be needed to start your mortgage file. This information may include a letter of employment, paystubs, previous year’s tax returns, and downpayment verification. At this stage, you are free to put in an offer on a home.

STEP 5: You have an accepted offer to purchase with financing conditions. We will submit your property information into the lender with whom you have your pre-approval. A firm approval will be granted and upon review of the approval, signing of the papers take place in order to inform the lender that you accept their offer.

STEP 6: Formal mortgage instructions are sent to your lawyer. Once you sign the papers with your lawyer, the process is complete and you are free to take possession of your home. Congratulations!!!