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Mortgage Rates in Markham

We have the knowledge and experience to help you make the informed decision on which mortgage will be best suited for your needs. We take pride in being able to offer competitive rates and terms with multiple lenders ensuring that you get the most from your home investment. 

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Get the Best Mortgage Rate for Your Home

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If you are a homeowner in Ontario, you know the importance of finding the best rate for your mortgage. Our team of experts can guide you through the process of securing a mortgage rate that is tailored to fit your individual needs and financial goals. We will help you compare rates from different lenders, so that you get an understanding of the best deal available. With our knowledge and expertise in the field, we will make sure to negotiate the lowest possible interest rate for your loan.


Not only do we assist with finding great mortgage rates, but our experienced professionals will also provide helpful resources and advice on how to manage your loan and make timely payments. Our team has over 15 years of experience in helping borrowers both before and during their loan repayment periods, so rest assured knowing that we have your best interests at heart! Our team is available to go through all of our options with you, at no cost or obligation.

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Factors That Affect Your Mortgage Interest Rate

01

Credit Score

Your credit score is a measure of your financial health, and it is used by lenders to determine how likely you are to repay a loan. The higher your credit score, the lower your interest rate will be.

02

Down Payment Size

Generally speaking, the larger your down payment, the lower your interest rate will be. This is because a larger down payment indicates to lenders that you have more skin in the game, and thus you are less likely to default on the loan.

03

Loan Term

A shorter loan term (such as 15 years) will typically have a lower interest rate than a longer loan term (such as 30 years). This is because a shorter loan term means that you will pay off the loan faster, which is less risky for lenders.

04

Location of Property

Properties located in areas with high crime rates or poor schools will typically have higher interest rates than properties located in safe, desirable areas. This is because lenders view these properties as being more risky and less valuable than other properties.

Contact us today and see why our customers continue to choose us as their trusted advisors for mortgages!

Frequently Asked Questions

Answered below are some of the questions we most commonly receive.

  • What is the average mortgage rate in Ontario?

    The average 5-year fixed mortgage rate in Ontario is currently around 2.59%, while variable rates are available starting as low as 1.15%. However, it's important to note that individual banks and lenders may offer different rates, so be sure to shop around for the best deal. 


    We can help you through this entire mortgage approval process with just one simple call to our office.

  • Are there any government programs or incentives for purchasing a home in Ontario?

    Yes! The Government of Canada offers several rebates and incentives for first-time homebuyers, including the Home Buyer’s Plan (HBP), which allows buyers to withdraw up to $35,000 from their RRSPs tax free. The Province of Ontario also offers incentives such as the Homeowner’s Assistance Program (HAP), which helps low-income households or those with disabilities to purchase a home. 

  • Can I get a mortgage rate lock?

    Yes. Most lenders offer the option to lock in your interest rate for a period of time, usually up to 120 days. This means that your rate will not change during this period and can provide some peace of mind if you are worried about rates increasing before you close on your loan. However, there may be fees associated with rate locks, so make sure you understand them before signing any agreements. 


    Contact us now and learn more about our services!

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