The Best 8-Year Fixed Closed Mortgage Rates in Canada
Ready to find your best mortgage rate?
To get started, tell us a bit about your location and borrowing needs - and we'll do the rest! Your personalized results will include the best rates from lenders and mortgage brokers, right in your region. Simply pick a product you like, and we'll put you in touch for more info by email, website or phone - no obligation or purchase required.
What is a mortgage broker - and why would I work with one instead of a bank?
Think of a mortgage broker as your personal mortgage shopper - they've got access to a number of rates offered by multiple lenders, and do the legwork to connect you with your best match. Brokers work with your unique financial institution, and will help negotiate the best rate on your behalf - best of all, their services are absolutely free!
Comfort and Security with a Fixed Closed Mortgage
When you have a fixed closed mortgage your mortgage rate and conditions will not change for the duration of your mortgage term. It protects the borrower from market fluctuations and offers a reliable system of paying off your balance.
Finding Your Options a Bit Limited?
Eight years is an unusual length for a mortgage term. If you looking to compare the rates of banks, brokers and specialty lenders, the more competitive five year rates can be found on shorter terms like the popular five year fixed. If you're looking for one rate that will stay the same for a long time, most banks and some brokers offer a ten year fixed rate.