Mortgage Benchmark Rates in Ontario Under 5%

Mortgage Solutions Group is a leader in Toronto’s housing industry, boasting a benchmark rate of only 4.89% with a prime rate of 3.2%. A first time home buyer can secure a deposit rate potentially as low as 3% and can average between 10%-20%. With good credit, a steady income, and an available down payment, making that first purchase is a win-win.

Regardless of the purchase status as a new home buyer, an existing homeowner looking for a second or even third mortgage, or wanting to refinance an existing mortgage, Mortgage Solutions Group has a dedicated team of brokers who can help lock in the best rates available. Five year fixed rates as low as 2.79% from a AAA lender are available. The major bank rates available can be as low as 2.54% for a 2 year fixed mortgage. Even limited rates under a 3 year fixed plan bottom out at 3.29%.  The best way to qualify is to apply.

One news source suggests that falling housing prices in Toronto may lead to good opportunities to secure affordable mortgage rates. While it is impossible to predict an ever-changing market the best defense is a good offense by finding a mortgage company that is looking to help with that long-term investment. In fact, according to the Toronto Real Estate Board home prices dropped by .2% in April and with Toronto moving towards a population increase the value in homeownership may also increase.

Offering mortgage pre-approvals and short-term construction loans as well, Mortgage Solutions Group is the one stop shop for all Ontario’s housing needs. Even the most unsure first time buyer will feel at ease working with Mortgage Solutions Group and utilizing their mortgage calculators makes simplifying the rate process an easy task. Several types of rates are available including 5 year variable, 4 year fixed, and even down to a 1 year fixed rate.

About the Company

Based in Richmond Hill, Mortgage Solutions Group has over a dozen brokers available to help with housing and mortgage concerns throughout Ontario.

Media Contact
Company Name: Mortgage Solutions Group
Contact Person: Media Relations
Email: Send Email
Phone: 1-888-233-6164
Address:209 – 10376 Yonge Street
City: Richmond Hill
State: Ontario L4C 3B9
Country: Canada