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Mortgage Rates

Northwood Mortgage offers several mortgage options to suit your needs; whether you’re looking for an affordable fixed rate or a variable one – we work with you to find the best solution that suits your needs.

Our mortgage rates change frequently as we often receive short-term rate promotions daily. These promotions are never posted online. Meet with one of our Mortgage Agents to get the best mortgage solution for you!

Mortgage rates are one of the major factors when considering a mortgage or refinancing. The higher the interest rate, the more you pay over time in terms of total payments. Northwood Mortgage offers mortgage rates – whether it’s a fixed-term or variable-rate option!

Term Rate
Variable Rate – High Ratio Insured Special – 5.90%
1 Year fixed Insured 6.69%
2 Year insured 5.84%
3 Year Fixed Insured 4.99%
4 Year Fixed insured 4.94%
5 Year Fixed Mortgage Insured Special Closing Conditions 4.69%
7 Year 120 day rate hold Insured 5.65%
10 Year Insured 120 day Rate hold This could be your last mortgage ever! 6.05%
Variable Rate Open (line of credit) 7.45%

We have experts who specialize in all types of mortgages, including:

Contact one of our professionals today to find the best mortgage solution and see how much you can save by getting a mortgage with Northwood Mortgage!

Our agents will answer your questions about how different mortgages can affect your finances and what type is right for you. You might also be interested in calculating how much interest you’ll pay over time when considering different mortgages.

Consider the Northwood Mortgage Advantage:

  • We search the market to find lower rates!
  • No hidden fees or charges – all our services are included and you know up front what your monthly payments will be.

Mortgage rates can be confusing, but Northwood Mortgage is here for you! With over 30 years of experience in home ownership financing we are able to provide the verity of rates in town so come see us today! We’re always happy to help you find the best option that suits your needs. You deserve peace of mind when considering such an important decision – trust us to provide it!

Schedule an appointment anytime with one of our professionals to find out how much we can save for you today!

Best Mortgage Rates

To find the Low Mortgage Rates in Toronto, you need to compare all available options from different lenders to find a solution that meets your needs. But sometimes, even when you know the interest rates offered by different banks, it may not be enough to guarantee you the best rates in the city.

Indeed, mortgage rates will affect how much you pay for interest – but this is only a small component of getting a mortgage. You need professional help when assessing the different types of mortgages offered by banks in order to choose the one that best suits your particular needs and budget.

For example, if you have a tight budget with risk limitations, a fixed-term mortgage may be more appropriate than a variable-rate mortgage, even though the latter may have lower interest rates. It may be hard to find a bank and lender that transparently explains the pros and cons of their mortgage plans, although they may still give you the best option available for your situation. However, this plan may not be the best for you in Toronto.

When you come to Northwood Mortgage, we offer diverse mortgage products from banks, credit unions, financial companies, trust companies, and even private mortgage lenders across the province.

We are not tied to any single bank or lender, which means that our agents can give you unbiased advice on low mortgage rates and products that fit your budget and needs, including offers not available to the general public.

Expert Mortgage Brokers Toronto

Different lenders offer different mortgage rates. Additionally, when you visit a bank to shop for a mortgage loan, the lender will probably give you the ‘posted mortgage rates’ – the rate the bank is advertising publicly. However, banks can lower their rates through negotiations or by working with a representative mortgage broker. Some lenders even offer interest rates several percentage points below the posted rate.

Working with our expert mortgage brokers increases your chances of finding a mortgage rate that fits your specific needs in terms of the interest rate, terms and conditions for prepayment, and other loan factors. Northwood Mortgage experts have access to different rates from banks and credit unions across Ontario and trust and insurance companies, so we can “shop around” to find the best rates in Toronto for you.

Our Rates Will Always Be Low

Northwood Mortgage agents work diligently to provide our clients with interest rates that are always lower than those offered by lenders. In addition to our ability to shop around, Northwood also receives discounts from different lenders due to the high volume of business we drive to them. We pass on these savings to you, so you can be assured of getting the Low Mortgage Rates when working with us.


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Are you in the market for a mortgage or want to refinance your current mortgage? Then you have come to the right place.