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Interest Rates

A great mortgage solution not only fulfills all your current financial requirements but makes sure that you are not burdened with any hefty payments. We offer some of the lowest rates in the market, making sure that your next mortgage payment is well within your means. The table below shows a comparison between today’s Market Rate and the rate offered by Verico Equity Plus Mortgages.
 
  * 5 Year - QUICK CLOSE SPECIAL - mortgage must close and fund within 30 days of application date. ** 5 Year Variable - CIBC Prime Rate of 2.75% minus 0.60% = 2.15%, rate and payment will change as the prime rate fluctuates. 
Rates as of July 28, 2010.
 
Posted RatesLoan DurationOur Rates*
4.75% 6 Months 4.55%
3.50% 1 Year 2.75%
3.85% 2 Years 3.20%
4.40% 3 Years 3.65%
5.44% 4 Years 3.99%
3.50% 5 Year - VARIABLE SPECIAL ** 2.15%
5.79% 5 Year Fixed - STANDARD RATE 4.09%
5.79% 5 - Year - QUICK CLOSE SPECIAL * 3.89%
6.75% 7 Years 4.90%
6.90% 10 Years 5.20%
* Rates are subject to change without prior notice.
* OAC

Your mortgage is not just a mortgage. It is a financial planning tool that should be incorporated into your overall financial plan. Choosing a mortgage that is right for your family is not as simple as selecting a five year term or variable rate! Times have changed - Are your financial strategies changing with them?

If you’re not achieving your financial goals maybe your mortgage can help!

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