The Best Variable Mortgage Rates in Ontario
The Best Mortgage Rates in Ontario
5 YearVariable Closed View All
|1.75% View Details »||2.30% View Details »||2.60% View Details »|
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by Sean Cooper
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The Lowest Rate We've Got
Variable rates are generally lower than fixed rates, and long term variable rates are generally lower than short term. Therefore our best five year variable fixed rate is most likely the lowest rate on the market.
But There's a Catch ...
When you agree to a closed mortgage you must abide by the conditions of the mortgage or pay a penalty for breaking it. And unlike fixed rates, variable rates may change depending on market fluctuations. You may end up saving even more than you expected, or paying much more than you intended. A lot can change in five years.
Find the Lowest Rate, Period
If you want the absolute lowest rate, chances are you won't find it with a bank. That's why RateSupermarket also compares the rates of mortgage brokers, credit unions and specialty lenders.