Insured Mortgages
Insured mortgages offer borrowers the advantage of lower interest rates and down payment requirements, as they are backed by mortgage insurance provided by government entities such as the Canada Mortgage and Housing Corporation (CMHC) or private insurers, which reduces the risk for lenders.
| Term | Our Rates |
| 1 Yr. | 6.89% |
| 2 Yr. | 6.59% |
| 3 Yr. | 6.09% |
| 4 Yr. | 5.74% |
| 5 Yr. | 5.54% |
| Variable | Our Rates |
| 3 yr. closed | – |
| 5 yr. closed | P-1.00 |
Conventional Mortgages
Conventional mortgages are traditional mortgages that are not insured by government or private mortgage insurance. They typically require a higher down payment compared to insured mortgages, but offer more flexibility in terms of mortgage terms, repayment options, and mortgage insurance requirements.
| Term | Our Rates |
| 1 Yr. | 6.99% |
| 2 Yr. | 7.04% |
| 3 Yr. | 6.64% |
| 4 Yr. | 6.44% |
| 5 Yr. | 6.19% |
| Variable | Our Rates |
| 3 Yr. | Prime |
| 5 Yr. | P-0.40% |
Alternate Mortgages
Alternate mortgages, also known as alternative or non-conventional mortgages, are designed for borrowers who may not meet the strict criteria of traditional lenders. These mortgages provide financing options for individuals with unique circumstances such as self-employed individuals, those with lower credit scores, or non-traditional income sources.
| Term | Our Rates |
| 1 Yr. | 7.14% |
| 2 Yr. | 7.09% |
| 3 Yr. | 6.89% |
| Variable | Our Rates |
| 3 Yr. | P+0.65% |
| 5 Yr. | P+0.75% |
Private Mortgages
Private mortgages involve lending between individuals or private companies, providing borrowers with alternative financing options outside of traditional banking institutions. Private mortgages offer flexibility in terms of lending criteria, faster approval times, and personalized lending terms, making them suitable for borrowers who may not meet the requirements of conventional lenders.
| Term | Our Rates |
| 1st Mortgage | Starting @ 6.99% & Onwards |
| 2nd Mortgage | Starting @ 10% & Onwards |
| Fees | 2% – 4% |