Demand Loan vs. Term Loan. What’s the Difference?
October 31, 2018
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Welcome
Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Get in TouchCurrent Rates
Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Check out our current rates below, compared to the competition.
Current Rates
Current variable mortgage rate is
2.95%
Current prime rate is
3.95%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.34%
- $490.86
- 3.30%
- $488.77
- $2.09
-
- 1 Year
- 3.59%
- $504.03
- 3.29%
- $488.25
- $15.78
-
- 2 Years
- 3.74%
- $512.02
- 3.14%
- $480.46
- $31.56
-
- 3 Years
- 3.89%
- $520.07
- 2.89%
- $467.62
- $52.45
-
- 4 Years
- 3.94%
- $522.77
- 3.14%
- $480.46
- $42.31
-
- 5 Years
- 5.34%
- $601.11
- 2.87%
- $466.60
- $134.51
-
- 7 Years
- 5.80%
- $627.97
- 3.69%
- $509.35
- $118.62
-
- 10 Years
- 6.10%
- $645.76
- 3.85%
- $517.92
- $127.84
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Calculators
Our Interactive Mortgage Calculators will allow you to explore your Mortgage options to make the right home financing decision.
Use NowHow to Apply
Applying for a mortgage couldn’t be easier. Just complete our secure application and we will be in touch shortly.
Apply NowThere are generally two ways to get a mortgage in Canada: From a bank or from licensed mortgage professional Michele McGarvey.
While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products! As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.
Whether you're purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it's important that you are making an educated buying decision with professional unbiased advice.
“I just wanted to say a big thank you to Michele. I have dealt with several mortgage brokers trying to get my home, and she is by far the best. When other brokers said they could not help me, Michele really stepped up to the plate. She was available to me whenever I needed her and went the extra mile to get me the best possible mortgage. I would defiantly recommend her to any of my friends and family, and will defiantly be using her for any future home purchases. Again thank you Michele, you made owning my own home a reality, and I would not be here without your hard work and dedication.”
“Thank you Michele, for helping me through a most difficult time in my life!”
“I had the pleasure of working with Michele earlier this year. I was extremely impressed by how quickly she answered any questions I had and also got the ball rolling with any tasks that needed to be done. She was a delight to work with and I would recommend her to any family members or friends who were looking for a broker. She made everything so easy for me, which was much appreciated in the (sometimes) stressful task of purchasing a home. Thank you!”
“Michele went out of her way to accommodate my needs. Most importantly, she listend to what I needed before making any decisions. With my lengthy hours at work and distance from her office, we were able to complete all the paper work online. Michele has built relationships at banks that made dealing with them more of personal experience. Michele was clear on the process, how long it would take and the possible outcomes. A solid pleasant experience.”
“Michele and her team very patient, flexible, and appropriately persistent in getting the required documentation. Thank you for helping us get this done.”
Lenders
Current Rates
Current variable mortgage rate is
2.95%
Current prime rate is
3.95%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.34%
- $490.86
- 3.30%
- $488.77
- $2.09
-
- 1 Year
- 3.59%
- $504.03
- 3.29%
- $488.25
- $15.78
-
- 2 Years
- 3.74%
- $512.02
- 3.14%
- $480.46
- $31.56
-
- 3 Years
- 3.89%
- $520.07
- 2.89%
- $467.62
- $52.45
-
- 4 Years
- 3.94%
- $522.77
- 3.14%
- $480.46
- $42.31
-
- 5 Years
- 5.34%
- $601.11
- 2.87%
- $466.60
- $134.51
-
- 7 Years
- 5.80%
- $627.97
- 3.69%
- $509.35
- $118.62
-
- 10 Years
- 6.10%
- $645.76
- 3.85%
- $517.92
- $127.84
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
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