Contact a mortgage consultant
Today's Rates
MAR
112010
| Term | Posted rates |  |
| Variable | 2.25 %* | 1.85 % |
| 1 year | 4.35 % | 2.33 % |
| 3 years | 4.35 % | 3.25 % |
| 5 years | 5.50 % | 3.79 % |
Register for our RATE Watch service
To be informed of the best rates on the market
Multi-Prêts is your one stop shop giving you access to more than 20 financial institutions.
Use your equity
Your home has most probably increased in value since you purchased it. This gain
could be used to renovate your property, consolidate your debts to reduce your monthly payments, invest or bring to fruition some personal dreams. Refinancing allows you to use your home equity to secure a lower interest rate allowing you to finance your projects.
With the array of products available from the lenders we do business with, you have the advantage of paying back your mortgage loan at your own pace. The equity line of credit allows you to determine yourself the amount of your mortgage payments.
Refinancing allows you to borrow up to 95% of the value of your condo, duplex, detached home, minus your mortgage balance; you can therefore use your equity to grow the value of your assets or simply by taking advantage of life! You can borrow up to 90% of the net value for a three or four unit property and 85% for multi-unit buildings of 5 units or more.
Reasons to refinance:
- Renovate your home
- Travel
- Invest in a vacation home or other real estate project
- Buy a car or a boat
- Finance your kids’s education
- Make some wise investments
- Invest in your RRSP
- Pay down your credit cards and take advantage of a better rate*
*Fees might be charged.
To protect yourself from rate increases and obtain a set monthly payment, transfer the complete or partial balance of your equity line of credit to a mortgage with a fixed interest rate.
Contact one of our agents to learn about all available options.