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

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    BOC Prime Rate
    3.00
    Line of Credit
    3.50% (P+.50%)
    VRM 2.40% (P-.60%)
    1 Year
    2.74%
    2 Year
    2.54%
    3 Year 2.74%
    4 Year
    2.74%
    5 Year
    2.97%*
    7 Year
    3.79%
    10 Year
    4.29%
    Rates as of May 30th, 2014.
    *Some conditions may apply to above rat
    es.