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True North Mortgage
10-Year Fixed Mortgage Rate

3.84%


Rates Updated:  
Rate hold:        Rate hold The rate hold is the time period, between 30-120 days, before your mortgage renewal date you are able to lock in the current mortgage rate. If rates go down further within this period, however, many lenders will honour the lower rate. 120 days
Prepayment options:        Prepayment options Prepayment options outline the flexibility you have to increase your monthly mortgage payments or make a lump sum outlay against your mortgage as a whole. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), 28% of mortgage holders used one or both prepayment privileges in 2010.
Increase Monthly Payment by:        Increase Monthly Payment by The monthly mortgage payment is calculated based on the mortgage amount, amortization period and the associated mortgage rate. A general affordability rule is that your monthly housing costs should not exceed 32% of your gross household monthly income. 25%
Lump Sum:        Lump Sum Lenders allow you to put a lump sum payment against your mortgage each year ranging from 0%-25%. A 25% lump sum prepayment privilege would allow you pay your mortgage off completely in 4 years. 25%

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21 - 145 King St W Toronto, ON M5H 1J8

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I just wanted to thank you for all the hard work you did in getting our mortgage sorted out. We really appreciate it and are ever so glad that we had the good fortune of finding a broker like you that looked out for our interest. Please feel free to consider us your client's for renewals and we look forward to any additional information True North will provide in the interim. I will no doubt be recommending you to my friends and other first time buyers for all their mortgage needs. You were very informative and made navigating this process a lot easier for us. Thank you!

-Kudzai Bingepinge