Mortgage Rates in Toronto

eMortgage Solutions is Toronto’s mortgage broker of choice. We’ve earned the trust of each of our clients thanks to our exclusive cost-saving opportunities, specialized knowledge, and candid, strategic advice.

At our brokerage, your priorities become our priorities. Whatever your individual needs, we’ll enlist the full resources and skill of our team to find you the perfect mortgage solution.

Ready to become a homeowner? Find the mortgage that will make your transition an easy one. Give our team of specialists a call today.

What Is a Mortgage Rate?

Very simply, a mortgage rate is the rate of interest you will pay on your loan. Whether you choose an open or closed mortgage, the length of your term, or a variable- or fixed-rate mortgage, all factors will determine the interest rate.

Plus, it’s important to keep in mind that a mortgage rate can vary depending on the loan applicant. For example, someone with an excellent credit score and a large down payment may qualify for a lower rate of interest.

Ultimately, choosing the right mortgage with a low mortgage rate can save you thousands of dollars over the span of your term. Our team wants to help you get the best value for your money. You can count on us to negotiate on your behalf with our wide network of renowned lenders to get you the best financing solution possible.

What Is the Difference Between a Fixed vs. Variable Mortgage Rate?

One of the most significant decisions for a prospective homebuyer is choosing whether your mortgage rate will be fixed or variable. While a variable mortgage may save you more money in the long run, you must have the financial security to accommodate higher payments during some periods of the term. On the other hand, with a fixed-rate mortgage, your payments will remain stable, allowing you to plan a budget more easily.

If you’re unsure about which type of mortgage is best suited to your financial situation, don’t hesitate to give us a call. Our team of consultants is renowned for our personalized approach to financial strategies. With our expert, honest counsel, you’ll have all the information and support you need to select your mortgage in full confidence.

Should I Opt for an Open or Closed Mortgage?

Another consideration is whether you should opt for an open or closed mortgage. Closed mortgages typically have stricter rules surrounding when you can contribute to your loan. However, they offer lower interest rates. Conversely, open mortgages allow you to make large sum contributions without penalty, at the price of higher interest rates.

Do you need help navigating today’s mortgage rates? Let our seasoned financial experts walk you through your options. We’ll help you calculate your predicted contributions at various interest rates so that you don’t pay more than you have to.

Lock-In the Best Mortgage Rate Today

At eMortgage Solutions, our mission is straightforward. We will review your needs, inform you of your options, and walk you through the mortgage selection process step by step so that you can achieve all your financial and homeownership goals.

Discover our sought-after and industry-leading current mortgage rates in Toronto—call us today.