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| FINANCIAL ENTERPRISE RATES |
Sunday, February 12, 2012
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Please check back on this page daily as rates tend to change on a daily basis. We update this page regularly to ensure you have the latest information. Thank you
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| TERM |
OUR RATES |
| 6 Months |
4.45% |
| 1 Year |
2.64% |
| 2 Year |
3.19% |
| 3 Year |
3.19% |
| 4 Year |
3.19% |
| 5 Year |
3.39% |
| 6 Year |
6.25% |
| 7 Year |
4.49% |
| 10 Year |
4.79% |
| Variable Rate |
2.80% |
| Prime Rate |
3% |
Rates are subject to change without notice. Please contact us for the latest updated rates. |
Ask us about our free downpayment mortgage!!!
* Variable rate is based on a 5 year term
QUICK NOTES
FIXED RATE - The Fixed Rate Terms will be locked in at the interest rate given at the time of your home closing. For example: If you have secured a 5 Year Fixed Rate Mortgage this rate will remain constant for a term of 5 years.
VARIABLE RATE - The Variable Rate, unlike the fixed rate terms, can change from month-to-month depending on the bank of Canada’s PRIME RATE. This rate normally fluctuates based on economic and market conditions. The BANK Of CANADA sets their target rate every month and all financial institutions will add a percentage to this Prime Rate. (For Example: A 5 Year Variable Option of Prime +0.75%). Our Variable Products are all CONVERTIBLE which allows to you fix your rate at the best 5 year Fixed rate at any time with no penalty.
PRIME RATE - PRIME RATE - The prime rate is set by the BANK OF CANADA according to economic and market conditions. The Prime rate could change on a month-to-month basis which will affect customers who have taken a variable rate mortgage option. |
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