FirstLine Mortgage Rates

Have you been quoted the lowest FirstLine Mortgage Rates? Are there better offers available? Well, there’s a quick way to find out… just compare your First Line mortgage rates against other traditional lenders and offers available through mortgage brokers – just to make sure you’re getting the best rate!

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Are you looking to save money on your mortgage? Heck - who isn't? Give us your info and we'll use our crazy smart mortgage search engine to compare the market and find you the best rate. Ready? Set? Go ahead and see how much you can save:
I am:
Province
Property Value The value of your new dream home (an estimate is fine).
Down Payment The initial upfront portion that you need to pay for the home. Your down payment needs to be at least 5% of the property value and 20% to avoid mortgage default insurance.
Mortgage Balance How much you still owe on your mortgage.
Additional Cash OPTIONAL - Refinancing? Add how much extra you're looking to borrow against the capital you have already built up in your home. Just remember - you can't go over a total mortgage value of 90% of your property value.
Mortgage Value The amount of money you'll need to borrow (but don't worry, we've calculated this for you).
Mortgage Type

Fixed vs Variable

FIXED: mortgage rate does not change during your term - in other words you are locked in. VS. VARIABLE: mortgage rate changes during the term with the lender's prime rate.

Open vs Closed

CLOSED: you cannot pay off your mortgage early during the term without being charged a penalty. VS. OPEN: you can pay off your mortgage early with no penalty during the term.

HINT: Help! I'm a Mortgage Newbie, if you're not sure what to choose you're probably looking for a closed rate.
Mortgage Term

How long the mortgage agreement is set for.

HINT: Help! I'm a Mortgage Newbie, if you're unsure what to select a five year term is the most popular choice.
Amortization Term How long it will take you to pay off your mortgage. If you're buying a home, the default value is 25 years.
Payment Type

Basically how often you want to make your payments each month.

WISE MOVE: Looking to save MORE on your mortgage? Choose a rapid payment schedule.
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FirstLine Mortgages Mortgage Rates Last Updated: May 22, 2012 09:30:45

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    Other Information

    More about FirstLine Mortgage Rates

    FirstLine Mortgages is Canada’s leading mortgage-only lender that offers user-friendly mortgages with non-retail rates (that means lower rates!). Incorporating flexibility and convenience, First Line Mortgages have designed innovative products to fit their customer needs. Below is an outline of just a few user-friendly mortgage products on offer:

    • FirstLine offers 2,3,5,7,9,10,15,18,25 year-closed mortgages with the security of locking into a competitive rate for as long as 25 years.
    • The Auto 6/12 Plus provides customers with competitive rates for closed mortgages with the flexibility of a convertible mortgage. Depending on interest rates, you have the option during the first 6-month term or 12-month term to lock into a longer term or convert to take advantage of a lower rate.
    • First Line’s Loan Closer provides you with ease of mind if you are worried about not having the money to cover your legal fees at closing time. They will pay out up to 1.5% of your mortgage value for your lawyer fees. Upon renewal, you also have the option to choose a Loan Closer and receive up to 3% cash back for other financial needs.
    • Lastly, the Access Mortgage is a solution for those who have credit problems or are self-employed. FirstLine Mortgage caters to a wider selection of applicants to provide customers with funding to best suit there needs.

    Other Important FirstLine Mortgage Details

    • FirstLine mortgage rates come with flexible payment options. Payments can be made monthly, semi-monthly, bi-weekly, or weekly And you can increase your payment by 25% annually or make as many lump-sum payments up to 20% of the original mortgage amount as you wish per year. No penalty.
    • Their Free Home Owner’s Advantage Program is an innovative feature included on most mortgages. This new feature provides you with up to $10,000 of home repair services when the unexpected happens. FirstLine mortgage rates come with this extra protection to give you peace of mind when purchasing a home.

    Learn: Mortgages

    Mortgage Calculator Mortgage Rate Outlook Panel iPhone App
    First Time HomeBuyers Fixed versus Variable Mortgage Refinancing
    Affordability Calculator Mortgage Penalty Calculator

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    Popular Mortgage Types

    5 Years Fixed - Closed Mortgage Rates Show More Fixed Closed Rates
    1 Year Fixed - Open Mortgage Rates Show More Fixed Open Rates
    5 Years Variable - closed Mortgage Rates Show More Variable Closed Rates
    1 Year Variable - open Mortgage Rates Show More Variable Open Rates