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eMortgage Solutions

Trusted Mortgage Brokers Located in Toronto

eMortgage Solutions's Logo

eMortgage Solutions

Trusted Mortgage Brokers Located in Toronto


Brokerage License #10530

Adjustable-Rate Mortgage

With a far-reaching lending network that includes banks, trust companies, and private lenders, This company is uniquely positioned to help prospective homebuyers find the lowest mortgage rates on the market.

Learn more about our extensive adjustable mortgage rates today. If you have any questions or concerns, don’t hesitate to give our mortgage specialists a call at (416) 258-0156.

Adjustable-Rate Mortgage

What Is An Adjustable Rate Mortgage?

Adjustable-rate mortgages (ARMs) are among the most well-known mortgages in Canada. ARMs are one of the most flexible payment options available. The monthly payments of adjustable-rate mortgages change with the market. That means that every year, your mortgage interest rate will go up or down, and the amount you pay will fluctuate with it.

In most cases, homeowners with adjustable-rate mortgages end up paying less than those with fixed-rate mortgages. Although some financial security is usually needed to accommodate years with higher payments, in the long run, you will probably pay less, which makes ARMs a very desirable option for prospective applicants.

Discover the cost-saving potential of our adjustable-rate mortgages—give us a call today!

What Drives Change in 5-Year Variable Mortgage Rates?

We recognize that no two mortgage applicants are alike. That’s why we offer our adjustable-rate mortgages in many different structures, so you can choose the one that best suits your needs.

The 5/1 ARM, for example, is a popular choice. The number five signifies the first five years of the term, during which the rate and your monthly payments will be locked in. We offer this mortgage at interest rates lower than average as an incentive for many prospective buyers. After the five years are over, the rates will start to fluctuate, either up or down, on an annual basis until the maturity of the mortgage.

We have an array of adjustable mortgage structures available to our clients. We’ll happily help you compare and contrast your options to find the best plan for you and your budget.

What Are the Advantages of an Adjustable-Rate Mortgage vs. Fixed-Rate Mortgage?

Many of our clients ask us about the advantages of adjustable-rate mortgages compared to fixed-rate mortgages. In a fixed-rate mortgage, your monthly payments stay the same until your loan is paid back in full. Fixed-rate contracts are set in stone with unambiguous terms. Although it’s sometimes possible to change the terms of your agreement, you usually incur penalty fines to do so.

An ARM, on the other hand, is by nature more unpredictable, since you never know for certain how much or little the market will change. However, in most cases, if you’re able to weather the unpredictability, you’ll end up saving more money—potentially thousands— in the long run.

Find the Best Mortgage Rates on the Market

Ready to embark on the road to homeownership? Make sure the road ahead of you works in your favor.

Give our representatives a call to discover the best current mortgage rates in Canada.

Still wasting time mortgage shopping?

Why not have an expert do it for you?