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Get the Best Fixed-Rate Mortgage Available

Prospective homebuyers looking to apply for a mortgage should consult a mortgage expert at Canadian Mortgages Inc. today for the best fixed-rate mortgage available on the market. Our brokers act as independent third parties when negotiating for your mortgage, and we have access to the lowest rates and best terms for your mortgage. With 30 years of experience under our belts, CMI has fostered relationships with many lenders who offer our clients premium rates and discounts not available through other lending channels.

All the brokers at CMI undertake lengthy training courses so that they can understand the economic factors influencing your mortgage rates, and they use their knowledge and expertise to help you decide the best time to apply for your mortgage. We will also sift through thousands of mortgage products to evaluate which lender will provide you with the best rates, terms, and conditions.

What Kinds of Borrowers Choose Fixed-Rate Mortgages?

Fixed-rate mortgages are the most common type of mortgage, largely due to the fact that they have a constant interest rate that is not affected by market fluctuations. Although they tend to have higher interest rates than variable mortgages, the payoff is the security and stability of knowing that your regular payments will always remain the same throughout the duration of your mortgage term. Consequently, fixed-rate mortgages are often favoured by:

  • More conservative borrowers
  • Borrowers with less disposable income
  • Borrowers with imperfect credit, since fixed mortgages are easier to qualify for than variable ones

Also, since many fixed mortgages allow for lump-sum payments and increases to regular payments, this type of financing product is also suitable for borrowers who have seasonal income, or are expecting an increased cash flow in the future.

When to Opt for a Fixed Mortgage

The interest rates on a fixed-rate mortgage rise with the length of the mortgage term, which is usually between one and 10 years. More often than not, borrowers will opt for a longer-term fixed mortgage when interest rates are low, and choose a short-term mortgage when rates are higher.

However, there are certain mortgage solutions that are not available on a fixed-rate basis, so it is important to discuss your financing requirements with a CMI mortgage broker, who can help you decide an appropriate:

  • Mortgage product
  • Amortization period
  • Mortgage term

Our brokers will also help you choose between a variable and fixed mortgage, by analyzing personal and external financial factors such as:

  • The current market situation and projected changes
  • Your personal tolerance for financial risk
  • The types of mortgages for which you are eligible

Making Decisions About Your Future

If you book a free consultation with one of our accredited brokers, Canadian Mortgages Inc. will explain to you the various choices open to you, help you choose a mortgage product and term, and will get you the best fixed-rate mortgage options being offered from lenders all over Canada.