Best Mortgage Conditions and Rates Montreal - Orbis

The Best Rates

The Best Mortgage Conditions

3.39%

2.89%

2.54%

2.70%

1 year fixed closed
3 year fixed closed
5 year fixed closed
5 year fixed variable
Posted rates 3.79% 4.44% 5.44% 4.15%

From Today’s Orbis Rates*

As of December 3, 2019

 

 

*Some conditions apply. Subject to change without prior notice. Rates may vary according to the
amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your broker for more information.

What is the best rate for you?

 

Analyze your options and choose while considering your payment capacity 
and your risk tolerance.

Fixed Residential Rate

 

This rate will stay the same over the course of your term regardless of market fluctuations. Fixed Rate Mortgages can be open or closed. Analyze your options and choose while considering your payment capacity and your risk tolerance.

     Closed Fixed Rate

Best 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 principle.
If you don’t plan to sell your home in the near future.
Term Posted rate ORBIS
1 year 3.79% 3.39%
2 years 3.79% 3.04%
3 years 4.44% 2.89%
4 years 4.59% 3.09%
5 years 5.44% 2.54%
6 years 5.44% 3.87%
7 years 5.99% 3.47%
10 years 6.59% 3.64%

Variable Residential Rate

 

Your payment is fixed for the chosen term and you rate will fluctuate with the market’s variations.

     Closed Variable Rate

Best if :

 

If you believe that interest rates will drop, and you can enjoy that benefit.
If you have a high threshold of tolerance for market fluctuation.
If you have the ability to absorb an increase in your payments in the event of a rate hike.
Term Prime rate ORBIS
3 years 4.25% 3.00%
5 years 4.15% 2.70%

Get Your Maximum Loan in 5 Minutes

 

We offer extensive product offering and flexibility to meet all your needs.
From condo to 4plex, we can finance loans of any limit and value located within Canada.