Fixed vs Variable:
If you are having trouble deciding between today's low fixed interest rates and a variable mortgage, this may be a solution for you.
It's called the 50/50 Wise Mortgage and it is designed to take advantage of both the fixed rate mortgage as well as the low variable rate mortgage.
50% of your mortgage would be in a variable mortgage allowing you to take advantage of the traditionally lower variable rate products. This portion's interest rate will fluctuate according to the Bank of Canada's prime interest rate.
50% of your mortgage would be locked in to a 5 year fixed mortgage at today's low interest rates allowing you the security of having a low rate for 5 years.
The combined rate on this product today is 3.19% (oac and subject to change)
For further information on this product please contact us, we would be happy to answer any questions you may have.