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Find the Best Mortgage Rates in Ontario

Today’s Mortgage Rates updated as of 12/11/2024 05:16:39 PM EST

For a property located in Ontario

5-year fixed*

4.24%

5-year variable*

4.35%

(Prime -1.15%)
*Insured loans. Other conditions apply. Rate in effect as of today.

Policy interest rate

The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.

Next Interest rate announcement: January 29

Date* Target (%) Change (%)
December 11, 2024 3.25 -0.50
October 23, 2024 3.75 -0.50
September 4, 2024 4.25 -0.25
July 24, 2024 4.50 -0.25
June 5, 2024 4.75 -0.25
April 10, 2024 5.00 ---
March 6, 2024 5.00 ---
January 24, 2024 5.00 ---

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Dates Publications
January 29 Interest rate announcement and Monetary Policy Report
March 12 Interest rate announcement
April 16 Interest rate announcement and Monetary Policy Report
June 4 Interest rate announcement
July 30 Interest rate announcement and Monetary Policy Report
September 17 Interest rate announcement
October 29 Interest rate announcement and Monetary Policy Report
December 10 Interest rate announcement
Top Mortgage Solutions in Mississauga

Company Introductions

Best Mortgage Broker in Mississauga: Discover Top Solutions and Rates

Best Mortgage Rates, a well-established mortgage agent in Mississauga, is your go-to destination for comprehensive mortgage solutions throughout Ontario. Whether you're embarking on your first home-buying journey, considering an upgrade, renewing your mortgage, exploring equity release via refinancing, investing in properties or  vacation homes, or engaging in business equipment leasing, we have a wide range of products available to cater to your specific needs.

Best Mortgage Rates

Our Trusted Lenders for Mortgage Solutions in Ontario

We partner with trusted lenders to provide you with competitive mortgage rates and diverse financing options. Our goal is to connect you with the best solutions tailored to your needs.

Personalized Mortgage Services: Your Journey, Our Commitment

We understand the doubts you carry, higher mortgage rates have created uneven and unjustified fear in the market. However, we as a platform provide the lowest mortgage rates in Mississauga, letting you navigate the newer, much easier and safer way to achieve financial security. Every client deserves tailored solutions that align with their unique financial situation and future aspirations.

Understanding Your Needs

Our Top Mississauga mortgage agent religiously takes an interest in listening and understanding your specific needs, whether you’re a first-time homebuyer, looking to refinance, or seeking the best investment opportunities around. By conducting a thorough analysis of your financial profile, we help you identify the best mortgage products suited to your goals.

Comprehensive Support Throughout Your Journey

Right from your initial talk to the moment you receive the keys to your home, we are there for you every step of the way. Our team of the best mortgage agent s in Ontario provides ongoing support, ensuring you’re informed about each stage of the mortgage process. We also offer advice on how to improve your credit score and enhance your borrowing capacity, making your mortgage application as strong as possible.

Building Long-Term Relationships

Being known as the best mortgage agent in Mississauga, we believe that our role doesn’t end with the signing of your mortgage agreement. Our commitment to you extends beyond the transaction. We provide resources and check-ins to keep you updated on market trends and potential refinancing opportunities. Whether you’re considering a mortgage renewal or want to explore home equity options, our team is just a phone call away.

Your Success is Our Success

At Best Mortgage Rates, your success is our priority. Our goal is to empower you with the knowledge and support you need to make informed decisions. Let us help you unlock the door to your dream home with confidence.

“We are being called a Top Mississauga mortgage agent , for a reason.”

What Our Clients Say About Our Mortgage Services

I have been dealing with Karthika almost two years now. She helped me refinance my houses. She has excellent work ethics and extremely dedicated to her responsibilities. I would recommend her whole heartedly.

- Rajiv Mitra

- Rajiv Mitra

My mortgage agent was Karthka she is very cooperative and earful. She works according to the client's convenience. I recommend her to everyone who wants an honest n sincere mortgage agent for their home.

- Uzma Khan

- Uzma Khan

Hello, We are very thankful Karthika Sanker for help us in securing a mortgage for our home. She is very professional, knowledgeable, well organized, and very quick to get back to us. We are so amazed with her understanding of what she does! She knows he job very well. From the beginning to the end, she was informative and made the mortgage approval process easy. I am glad we choose her service and would recommend Karthika to anyone buying home or looking to refinance. Thanks again Karthika!

- Kasthury THIRUNAVUKKARASU

- Kasthury THIRUNAVUKKARASU

Karthika Sanker, our mortgage agent, has been an absolute game-changer for us as newcomers to Canada. Her assistance in obtaining pre-approvals streamlined the entire mortgage process. With Karthika at the helm, securing a mortgage became a breeze; she handled all the intricate details, leaving us with the straightforward task of providing requested documents. We consider ourselves extremely fortunate to have worked with Karthika Sanker. Her dedication, financial acumen, and unwavering commitment to her clients make her an invaluable asset. We wholeheartedly recommend her services to anyone in search of mortgage guidance.

- Vino Basti

- Vino Basti

What We’re Offering

Explore Various Mortgage Types Available

Explore a variety of mortgage options tailored to your needs. From fixed-rate and adjustable-rate mortgages to specialized loans for first-time buyers and investment properties, we provide solutions for every financial situation.

Reverse Mortgages

Home equity, is simply the difference that you owe on…

Houses Loans, Home Loans Ontario

Home equity, is simply the difference that you owe on…

Rental Property

We work with multiple lenders who specialize in rental properties.

Mortgage Renewal

When it comes to the terms of mortgage renewal, people…

Refinancing Home Loan, Refinance Mortgage

you are essentially paying off an existing loan and replacing…

First Time Home Buyer

When it comes to buying your first home, the primary…

FAQs Uncovered: Your Path to Mortgage Clarity

FAQs

  • Mortgage agent s can access various lenders and mortgage products. They analyze your financial situation, goals, and preferences to find suitable options that match your needs. By comparing rates, terms, and eligibility criteria, they strive to secure the best mortgage rates and terms tailored to your circumstances.

  • Yes, mortgage agent s can assist with refinancing your existing mortgage. They can assess your current loan and financial situation, explore different options, negotiate new terms, and help you secure a better interest rate or change the terms of your mortgage.

  • The timeframe can vary depending on several factors, such as the complexity of your financial situation, the lender’s processing times, and any unique circumstances. The mortgage process typically takes a few weeks to a couple of months.

  • The specific documentation requirements may vary, but commonly requested items include proof of income (pay stubs or tax returns), employment verification, bank statements, identification documents, and details about the property you purchase or refinance.

  • The mortgage application process involves several steps. The agent will gather your financial information, complete the necessary paperwork, and submit the application to lenders on your behalf. They will then communicate with lenders, negotiate terms, and guide you through the entire process until the mortgage is finalized.

  • Yes, mortgage agent s can assist borrowers with various financial backgrounds. They have expertise in working with different lenders who may have flexible options for those with lower credit scores or unconventional financial histories.

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416-824-2602