Variable Mortgage Rate is only: 4.95%
| Fixed Terms | Bank Rates | Our Rates |
| 6 Months | 3.99% | |
| 1 Year | 4.99% | |
| 2 Year | 4.99% | |
| 3 Year | 4.19% | |
| 4 Year | 4.24% | |
| 5 Year | 3.94% | |
| 6 Year | 5.64% | |
| 7 Year | 4.39% | |
| 10 Year | 5.29% |
2nd mortgages starting at: 4.49%.
Home Equity Lines starting at: 6.45%
Current Prime Rate: 5.95%
Reverse Mortgage Rates in Ontario
| Fixed/Variable rates | Our Rates |
| 1 Year | 4.99% |
| 2 Year | 7.44% |
| 3 Year | 6.84% |
| 5 Year | 6.44% |
| 5 Year (Variable) | 8.55% |
Conditions may apply. Rates may vary from province to province. Rates are subjected to change without prior notice.
Enjoy the Lowest Mortgage Rates in Ontario
Dominion Lending Centres offers some of the best mortgage rates in Ontario, that is why you can count on us to save you money! Specialized mortgage agents and brokers are here to help you find the best options that fit all your requirements.
Are you are a first-time homebuyer? Maybe you are an existing homeowner looking to purchase, renew or refinance your mortgage. Perhaps you an investor looking for new opportunities such as owning commercial or rental properties. Our team can certainly help alleviate your mortgage stresses by providing a great product, a low rate, and impeccable service. The benefits of using a mortgage broker for your next mortgage transaction are endless. For further information, please see a complete list of services above.
Undoubtedly, our Dominion Lending Centres franchise is one of the highest producing mortgage brokerages in Canada. Last year alone, Dominion Lending Centres FC Funding originated over $3 billion in mortgage volume. As a result, we can negotiate the best mortgage rates and products for you.
In addition to our vast array of products and services, our consultation is free! Just another reason to take a moment and contact us.
Dominion Lending Centres FC Funding - Broker Licence # 10671
Ontario Mortgage Rate FAQs
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.
The current rate in Ontario is 6% for an insured 10-year fixed rate mortgage. The 5 year variable rate is 5.75%. The HELOC rate is 7.7%.
Yes, the 5 year fixed mortgage rate is 5.04%.
Yes, there are 15 year fixed-rate options in Ontario. A fixed-rate 15 year mortgage might be right for you if you are looking to pay off your loan in a shorter time and pay less interest.
Here are some tips to help you secure a competitive mortgage rate:
- Pay Attention to Your Credit Score: Lenders use credit scores to assess your 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: If you put a larger down payment down, you will be able to obtain a better rate.
- 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.
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