Rates
Better Mortgage Rates. More Options. Expert Advice.
Looking for a lower mortgage rate in Ontario? You’ve come to the right place. We compare rates and mortgage options from a broad network of lenders to help you secure competitive financing and potentially save thousands. Whether you’re buying your first home, renewing, refinancing, or expanding your investment portfolio, our experienced mortgage brokers will help you find the right mortgage for your needs.
Why Choose Us for Your Mortgage?
✔️ Unmatched Mortgage Rates – We negotiate with multiple lenders to secure the lowest possible rates.
✔️ Exclusive Mortgage Products – Access options not available at traditional banks.
✔️ Hassle-Free Mortgage Process – We handle the details, so you don’t have to.
✔️ Fast Approvals & Flexible Terms – Get pre-approved quickly with a mortgage that fits your needs.
Fixed Mortgages
| Terms | Bank Rate | Our Rates* |
|---|---|---|
| 6 months | 6.49% | 2.99% |
| 1 Year | 5.14% | 4.19% |
| 2 Year | 4.59% | 4.24% |
| 3 Year | 4.19% | 3.54% |
| 4 Year | 4.74% | 3.74% |
| 5 Year | 4.29% | 3.49% |
| 6 Year | 6.24% | 5.04% |
| 7 Year | 4.54% | 4.74% |
| 10 Year | 6.10% | 5.19% |
Reverse Mortgages
| Terms | Our Rates* |
|---|---|
| 1 Year (Fixed) | 6.74% |
| 2 Year (Fixed) | 6.44% |
| 3 Year (Fixed) | 6.64% |
| 5 Year (Fixed) | 6.44% |
| 5 (Variable) | 7.29% |
Other
| Terms | Our Rates* |
|---|---|
| Variable Rate | 3.99% |
| Current Prime Rate | 4.45% |
| Home Equity Lines | 4.70% |
| Second Mortgage | 5.99% |
Now Offering U.S. Mortgage Solutions!
Thinking about buying property in the United States?
Whether you’re investing in a vacation home or rental property, our U.S. mortgage program makes financing simple. We provide:
🌍 Cross-border mortgage solutions
🏡 Low rates for Canadian buyers
🔑 Easy approvals with expert guidance
A Leading Mortgage Brokerage with Unbeatable Rates
With a strong track record of securing billions in mortgage funding, we have the experience and lender connections to negotiate the best mortgage rates and pass the savings on to you!
Get a Free Consultation – Lock in Your Low Rate Today!
Your search for the best mortgage rates in Ontario ends here. Our consultation is 100% free, and there’s no obligation. Contact us today and let’s secure your low mortgage rate—whether in Canada or the U.S.!
Ontario Mortgage Rate FAQs
What are the Benefits of Using a Mortgage Broker in Ontario?
Working with a reputable mortgage broker can help you get the best rate possible for you. Ontario Lend’s brokers are experienced in the industry and have access to many different lenders. This can give you options that fit your needs. Using a reputable broker can also ensure that you understand all the terms of your loan.
How to get the best mortgage rates in Ontario?
Here are some tips to help you secure a competitive mortgage rate:
- Pay Attention to Your Credit Score: Lenders use credit scores to assess how reliable you will be when paying back your mortgage. A higher credit score typically gets you a better interest rate. Make sure to pay bills on time, try to pay off debts, and avoid opening new accounts when you don’t need to.
- Don’t Take the First Offer: Make sure you shop around and obtain quotes from multiple lenders. Compare rates and closing costs to make sure you are finding the best deal.
- Consider a Mortgage Broker: Mortgage brokers have access to many different lenders and can help make sure you are finding the best loan option possible. With a broker, you can save time and get access to better options.
- Save for a Significant Down Payment: A larger down payment can reduce your borrowing costs and may help you qualify for better mortgage rates and terms.
- Choose a Shorter Mortgage Term: By choosing a shorter term such as 15 years instead of 30, your rate will be lower. Keep in mind, a shorter term also means higher payments each month.
What are the current mortgage rates in Ontario?
For the most updated information on our rates click here.