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Today's Rates
SEPT
22010
| Term | Posted rates |  |
| Variable | 2.75 %* | 2.10 % |
| 1 year | 4.30 % | 2.44 % |
| 3 years | 4.65 % | 3.45 % |
| 5 years | 5.49 % | 3.74 % |
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Multi-Prêts is your one stop shop giving you access to more than 20 financial institutions.
Renew your mortgage before your term expires
Many reasons can encourage you to renew your mortgage before your term expires regardless of the costs.
- Death of your spouse
- Divorce
- Sale of your property
- Transfer
- Unexpected expenses
- Urgents repairs
- Others
If circumstances force you to refinance before the end of your term, you will have to pay a penalty* equivalent to the highest of:
- The equivalent of 3 months interest on your current mortgage.
- An Interest Rate Differential penalty (IRD).
However, the lender could also charge you administration fees.
* Loss of interests suffered by your financial institution for a breach of contract.
First of all, verify the amount of the penalty with your financial institution and request it to be done in writing. We will then be able to verify with you if the penalty incurred is lower than the savings realized from a cost-friendlier interest rate. We invite you to contact one of our mortgage consultants who will gladly help you through the renewal process. Know that a decrease an borrowing rates can significantly
lower the balance you will owe at the end of the term.
Our large transaction volume allows Multi-Prêts to offer its clients lower rates and better conditions
Contact one of our agents to understand all the different options available to you.