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True North Mortgage
10-Year Fixed Mortgage Rate

3.64%
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. 100%
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. 15%

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About True North Mortgage

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

See more reviewsFeatured Reviews

I wanted to thank you again for all your help with our mortgage! We really appreciate your knowledge and expertise, the straightforward and clear way True North operates, the friendly and respectful service we received and your prompt replies to my questions. I have already recommended True North to three of my friends/relatives who are going to be purchasing homes in this year or next and I am sure I will tell more people about you.

-Ann Velez