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Today's Rates
FEB
42012
| Term | Posted rates |  |
| Variable | 3.00 %* | 2.90 % |
| 1 year | 5.25 % | 2.79 % |
| 3 years | 4.44 % | 2.79 % |
| 5 years | 5.29 % | 3.14 % |
*Represents the Prime Rate. Some conditions apply, subject to change without prior notice.
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Large projects, small budget? Mortgage refinancing is the solution
The millions of projects going through your head do not unfortunately translate into millions of dollars in your bank account ? Don't let your cash flow problems stop you. As a home owner, you will be happy to know that your house has most probably increased in value since you purchased it. This gain in value can help you:
- Travel
- Buy a car, a motor home or a boat
- Finance your kids' education
- Start a business
- Take a sabbatical or an early retirement
- Or any other projects that your heart desires
Refinancing allows you to use your home equity to secure a more advantageous interest rate to finance your projects
Did you know that
- Refinancing allows you to use your home equity by borrowing up to 90% of its market value, minus your mortgage balance. You can use the available sum to take advantage of life.
- You can borrow up to 90% of the net value for a 3 or 4 unit property and 85% for multi-unit buildings (5 units and up)
Contact one of our brokers to understand all the different options available to you.