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Calum Ross
5-Year Fixed Mortgage Rate

3.39%
Calum Ross The Mortgage Centre



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. 15%
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 Calum Ross The Mortgage Centre

2115 Bloor Street West Etobicoke, ON M6S 1M5

See more reviewsFeatured Reviews

I have had the opportunity of working with Jason Friesen and the Calum Ross team on a few occasions. They are untouchable in the business and I can't imagine where I would be without them. Jason makes the process simple and easy and doesn't confuse you with terms and lingo only a mortgage broker understands. His professionalism and understanding of the business, and market, is top notch. He always goes beyond the service required and expected to ensure you feel comfortable and at ease when closing your property. I wouldn't give any other name then Jason's to someone looking for a referral to handle their case. Calum and his team are not only lucky, but a much better firm, by having a professional like Jason in the office!

-Brian Moore