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Best Variable Mortgage Rates

 

Best 3-Year Variable Rate

Bank of Montreal

3.75%

3 Year Variable

30 Days

Hold until Nov 14

$1,640.18

Payment

Best 5-Year Variable Rate

Bank of Montreal

3.64%

5 Year Fixed

90 Days

Hold until Jan 13

$1,621.40

Payment

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Variable mortgage rates change depending on the fluctuation and volatility of the prime rates set by the Bank of Canada. Variable mortgage rates are usually lower than the fixed mortgage rates but it involves a certain amount of risk as rates may fluctuate based on the Prime rate and sometimes the payments could be much higher than you have anticipated. However, on the positive side, you may also save much interest considering the fluctuation are minimal.

A Guide to the First-Time Home Buyer Incentive

A Guide to the First-Time Home Buyer Incentive

The federal government launched the First-Time Home Buyer Incentive (FTHBI) on September 2, 2019. With funding of $1.25 billion dollars to be used over the next three years, this program aims to help thousands of Canadians become homeowners. If you qualify, you apply for a 5% or 10% shared equity mortgage with the Government of Canada.
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Best Motusbank Mortgage Rates & Reviews

Best Motusbank Mortgage Rates & Reviews

Countless Canadians are dreaming of their first home or their next home, and Motusbank is clearly offering a lot of interesting options, low rates, and fantastic flexibility to give its members the best possible start on the road towards home-ownership.
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