Fixed vs Variable Mortgages

  • Questions:


    1. Conservative Balanced Risk Tolerant

    2. Yes No

    3. Yes No

    4. Yes No

    5. Less than 10% Less than 20% More than 20%

    6. Want the lowest possible payment and rate
      I know that historically the VRM has been the best option
      I have always taken a Fixed Rate Mortgage but would like to try the VRM
      Other
    BOC Prime Rate
    3.00
    Line of Credit
    3.50% (P+.50%)
    VRM P-.60%*/P-.75%**
    1 Year
    2.89%
    2 Year
    2.59%
    3 Year 2.59%
    4 Year
    2.84%
    5 Year
    2.89%*/2.79%**
    7 Year
    4.04%
    10 Year
    4.29%
    Rates as of October 20th, 2014.
    *Conditions may apply.**Restricted Mortgage.