Mortgage Agent | 519-200-1911

Today’s Exclusive Rates

As of

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Showing the best rates in:

  1. 1.74 %
    1 year fixed
    >
    Posted
    3.14%
  2. 1.69 %
    3 year fixed
    >
    Posted
    3.49%
  3. 1.79 %
    5 year fixed
    >
    Posted
    4.59%
  4. 2.34 %
    7 year fixed
    >
    Posted
    5.35%

Fixed vs. Variable: Which is best for you?

This rate will stay the same over the course of your term regardless of market fluctuations. Fixed Rate Mortgages can be open or closed.

Fixed Residential Rate

You may want a closed fixed rate if…

  • If you believe that interest rates will rise - you will be protected against an increase.
  • If you have a low threshold of tolerance for market fluctuation.
  • If you prefer to have the same payment over the course of your term.
  • If you don't intend to make any or very few prepayments of your mortgage principal.
  • If you don't plan to sell your home in the near future.
Term Posted Rate Mortgage Alliance
1yr (closed) 3.14 % 1.74 %
2yr (closed) 3.19 % 1.69 %
3yr (closed) 3.49 % 1.69 %
4yr (closed) 3.74 % 1.74 %
5yr (closed) 4.59 % 1.79 %
7yr (closed) 5.35 % 2.34 %
10yr (closed) 5.60 % 2.84 %

You may want an open fixed rate if…

  • If you plan to sell your home in the near future.
  • If you intend to make prepayment of more than 20% of your mortgage principal.
  • If you prefer to have the same payment over the course of your term.
Term Posted Rate Mortgage Alliance
1yr (open) 6.30 % 6.30 %

Showing the best rates in:

The RIGHT Broker, the RIGHT Mortgage

Andres Usma | Mortgage Agent

My commitment is to help you achieve your real estate goals. My satisfaction is to see the happy faces of buyers and sellers after a successful transaction.

Over the years I had the chance to see friends and family purchase real estate and always witnessed the faces of excitement, happiness and joy of becoming homeowners. It is the same feeling I felt when I purchased a home for my own family. It is an emotional rush to be part of one of the most life changing moments in a family... becoming a homeowner. Allow me to continue to share that feeling with you in the search of your dream home

 Home Repairs / Renovations
 Debt Consolidation
 Lower Current Interest Rate


Andres Usma | Mortgage Agent
Mortgage Alliance, FSCO Lic# 10530
mortgages@andresusma.com
519-200-1911

 Reviews

We chose the right person to get our first house, he is very gentle and patient always recommended Andres, he is the best.\nThank you Andrs. ...

From Carolina
1 year ago

Andres is very professional and caring at the same time. He asked us the right questions in order to understand what we were really looking for in our first home purchase. We also appreciate ...

From Andrea
1 year ago

Andres was wonderful. When paddy and I were looking for house, we went to an open house where he was the agent. TO make sure, we met him there another time. he was great with negotiating be ...