Mortgage Details
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Interest rate offered by the lender or broker for the mortgage loan.
Mortgage Rate
- 3.34%
-
The amount you will pay monthly based on your total mortgage amount.
Monthly
Payment
- $1233.70
-
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.
Mortgage Term - 5 Years
-
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 Type - Closed Fixed
-
A mortgage where the borrower has less than 20% of the property or house value. The mortgage must then be insured against payment default by a Mortgage Insurer, such as CMHC, or Genworth Financial.
High-ratio Mortgage
- Up to 95%
-
The amount you can overpay on your mortgage every year..
Lump Sum Monthly
- 0%
-
The amount you can overpay on your monthly payments.
Lump Sum Annual
- 0%
-
The length of time (usually 30 to 120 days) a lender will guarantee this rate. (Think of
it like the length of time you can put something on hold at a store to guarantee that price.)
Rate Hold
- N/A
-
The lowest amount of money required to be borrowed for
the lender/broker to offer this mortgage rate.
Min amount
- No
About President's Choice Fin'l
President's Choice Financial services is a unique financial services offering designed by Loblaw Companies Limited, offering no daily banking fees and you can earn PC points.
Request a Callback from PC Financial Mortgages
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- 3.34%
