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Safebridge
8-Year Fixed Mortgage Rate

3.99%
Safebridge Verico
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. 90 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. 10%
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. 10%

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About Safebridge Verico

501 - 1500 Don Mills Road Toronto, ON M3B 3K4

See more reviewsFeatured Reviews

Glen and I are thankful that we dealt with Drew Donaldson for the purchase of our first home. Drew helped us get a mortgage through a reliable institution at the best obtainable rate. He was supportive during a stressful time, and was available at all hours to look into different mortgage options for us, and to provide detailed answers to our questions. His diligence in finding the most suitable mortgage for us, allowed us to feel confident about taking this huge step forward in our lives. His good relationships with representatives at a variety of banks were a bonus, in that the banks, in turn, helped get our paperwork through quickly. He clearly has a thorough understanding of, and enthusiasm for, the industry in which he works.

-Kyla M. and Glen F.