Logo-Andrew-Thake
Menu

Category: Best Mortgage Rates

Compare Mortgage Rates and Deals

October 22, 2019 
The best mortgages have low interest rates, flexibility and the most amount of options. Compare mortgage rates and deals with Andrew Thake. Find the best fixed, variable and unadvertised mortgage rate specials here. Explore this mortgage guide to learn how mortgages work and how much down payment you need.   Compare Mortgage Rates and Deals […]

2.24% 5 year fixed rate Ontario

September 12, 2019 
Take advantage of today’s best mortgage interest rates with a 2.24% 5 year fixed rate in Ontario. Based on a $350,000 mortgage, 25 year amortization and a 2.24% versus a 2.64%, the interest savings is $6563.44 over the 5 year term.   2.24% 5 year fixed rate Ontario   What would you do with over $6500? […]

Closing Costs to Consider When Purchasing a Home

September 3, 2020 
When purchasing a home there are additional costs known as closing costs, which you need to consider. Some example closing costs are: Title insurance Fire insurance Legal fees Land Transfer Tax Adjustments Here is a description of each: Title Insurance: Title insurance protects homeowners against any issue that might arise on their home’s title, including defects and […]

5 Year Fixed Rate Mortgage

August 24, 2019 
With a 5 year fixed rate mortgage the rate remains the same for a 5 year term with your mortgage. The 5 year fixed mortgage is the most popular option amongst first time buyers. Mortgage terms generally range from six months to 10 years. A 5 year fixed is a nice middle between the two. […]

Mistakes to Avoid When Shopping For the Best Mortgage Rate in Ottawa

July 26, 2019 
Shopping for a mortgage can help assure you not only get the best options for your needs but also the best mortgage rate in Ottawa.   Mistakes to avoid when shopping for the best mortgage rate in Ottawa:   Thinking banks are the best place to go for a mortgage An Ottawa mortgage broker can […]

Top three tips to find the best mortgage rate in Ottawa

July 5, 2019 
Knowing if you are getting the best mortgage rate in Ottawa is hard.  The challenge is that there are so many banks, lenders and websites to compare.  Plus, mortgage rates are constantly changing.  To help, here are the top three tips for finding the best mortgage rates in Ottawa.   1) Use an Ottawa mortgage broker […]

Why you may want to lock in your mortgage rate in Ottawa

July 2, 2019 
Are you renewing, buying a house or if you currently have a variable rate mortgage?  If so, it may be time to lock in a 5 year fixed rate mortgage.  Here is why you may want to lock in your mortgage rate in Ottawa. 5 year fixed rate mortgages in Ottawa are back to, if not […]

Ottawa mortgage rates fall to 2 year low

June 12, 2019 
Ottawa mortgage rates fall to 2 year low. Fixed mortgage rates and variable mortgage rates in Ottawa have become more favourable. This due to the cost for lenders is currently being lower. Prices of homes are quite high in Ottawa and the rest of Canada. However this is being offset a little with the fact […]

Who gives and who gets the best mortgage rates in Ottawa?

April 16, 2019 
Who gives and who gets the best mortgage rates in Ottawa? There was an interesting article in The Star about who gives and who gets the best mortgage rates either from their bank as loyal long-term customers or first time buyers and people who switch banks.  Despite what many would think, the answer is first […]

Important points to know about prime and your variable rate mortgage

January 22, 2019 
Here are some important points to know about prime and your variable rate mortgage. Fixed rate mortgage holders are not affected by changes in prime. Bank of Canada rate changes only affect those with a variable rate mortgage. On July 12th and September 7th, lenders raised their variable rate mortgages.  They increased them by 0.25% […]
1 2