Lendwise (Tier 1) Mortgage Rates

Mortgage Rates

1 Year

3.59%

2 Year

2.49%

3 Year

2.49%

4 Year

2.49%

5 Year Fixed

2.24%

5 Year ARM

Prime P-.35

3.95%

7 Year

N/A

10 Year

N/A

 

Lendwise (Tier 1) Mortgage Rates has had a significant impact on the home mortgage space, especially due to its low bank mortgage rates in Canada. The options offered by the bank when compared with other banks are designed for the ultimate comfort of the mortgagee. The bank offers fixed and adjustable-rate mortgage terms, as well as 50/50 mortgage products, and both have their own set of benefits. Fixed and adjustable-rate mortgage terms allow the customer to choose the appropriate plan as per their preference.

The 50/50 mortgage plan is specially designed keeping in mind the maximum advantage that a customer can have. This product allows the customer to avail low fixed rates and low adjustable-rate products all in the same mortgages wherein 50% of mortgage rates for the first 5 years are fixed and 50% of the mortgage is in a 5 Year Adjustable rate. Lendwise also lets the mortgagee lock adjustable rate at any time to a fixed rate for the remainder of the term of the mortgage. There are various other options too available with Lendwise which mortgagee can choose per their preference and are always free to compare mortgages from banks other than ours.

Copyright © 2020 - rateguru.mortgage

First Mortgage
First time mortgage doesn’t mean only the first home home that you buy. It can also mean the primary lien on the property you are planning to buy. It’s not about the level of home buying but the property itself. The term mortgage is a security for the lender.