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Verico Mortgage Options Ltd.
Verico Mortgage Options Ltd. is your source for the Best Mortgage Rates in Canada and all the best mortgage products from the country's top lenders.
We specialize in mortgages for the self employed, no money down mortgages, bank turndowns, private mortgages and debt consolidation mortgages all with expert advice and guidance you can only get from a licensed and fully trained Canadian mortgage broker. We negotiate with the banks on your behalf, getting you the lowest mortgage rates, best terms and mortgage products available, all at no cost to you!
Don't pay retail, we have over 50 of Canada's top mortgage lenders offering us their lowest mortgage rates every day. Just a small percentage difference in interest rate can save you thousands of dollars over the life of your mortgage.
We'll guide you through the complex mortgage process so you can make an informed decision and end up with the lowest mortgage rates on the market, this saves you time and money and shortens the life of your mortgage, which of course is the best mortgage to have, no mortgage at all! Our services and mortgage advice are free, so using a mortgage broker to arrange your mortgage financing avoids the guesswork of dealing with your bank.
At Verico Mortgage Options Ltd., we find you the lowest mortgage rates in Canada right from day one. We deal with you the way you want and deserve to be treated, there is never any need to negotiate for a lower interest rate. At Verico Mortgage Options Ltd. we work for you and only you, not the bank (in other words, No Games). With us, you always get the best mortgage rate and products in Canada!
Find out why more than 1 out of every 4 mortgage shoppers are turning away from their bank and using a mortgage broker to arrange their low rate mortgage. Pick up the phone or apply online, there is never any need for an appointment. Trust Verico Mortgage Options Ltd. to make your dream home a reality!
Current Mortgage Rates
Prime Rate |
2.25% |
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Term |
Variable |
1 Year |
2 Year |
3 Year |
4 Year |
5 year |
7 Year |
10 Year |
|
Our Rates * |
2.00% |
2.35% |
2.95% |
3.44% |
3.94% |
3.69% |
5.20% |
5.30% |
|
Posted Bank Rates |
2.00% |
3.40% |
3.75% |
4.25% |
5.14% |
5.49% |
6.65% |
6.80% |
|
Savings % |
0.00% |
1.05% |
0.80% |
0.81% |
1.20% |
1.80% |
1.45% |
1.50% |
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Saving per term ** |
$1029.53 |
$1556.12 |
$2349.30 |
$4626.02 |
$8623.97 |
$9733.15 |
$14168.91 |
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Trending vs. last change |
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The interest rates posted herein are updated daily.
*These mortgage rates are updated often to reflect any changes from our lenders, however we apologize in advance if a product or special has been changed without our knowledge. We will not advertise rates which are only available in certain markets however some products do have special requirements which may disqualify some applicants. Due to the competitive nature of our lender network however, we should be able to get you something very similar should this occur.
**The savings amount above, our rates vs the banks rates, are based on a $100,000 mortgage with a 25 year amortization. For every hundred thousand dollar increase simply multiply the savings by that number for your specific savings (ie $350,000 would be a multiplier of 3.5). The amount will not be exact but it will give you a very close estimate within a few dollars but please note that although we have taken great care in calculating these numbers we cannot guarantee the accuracy.
Best Canadian Mortgage Rates
At Verico Mortgage Options Ltd, we shop our network of mortgage lenders everyday for the best mortgage rates in Canada so you don't have to; it's our job to save you money!
We have created this mortgage rate chart to not only show you what our current mortgage rate specials are but also to show you how much money you can save by choosing one of our lowest rate mortgages over those posted bank rates offered to you by your branch.
Many clients think they are getting a good mortgage rate from their bank already, and don't know if a small difference is worth switching lenders. Let us show you how much money that small difference can be over the life of a mortgage, you may be very surprised at how much our best rate mortgages can save you over your banks rate.
When you do a mortgage pre approval with Verico Mortgage Options Ltd, we can give you our rate hold protection for 90 - 120 days (with the exception of Quick Close and No frill products).
The lowest mortgage rates in Canada which you see posted here are applicable only to our residential mortgage clients. If you are looking for mortgage rates on non-conforming mortgages, commercial mortgages or private loans, please contact us to discuss your situation as these loans are priced by the lender on an individual basis.
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