3 year fixed mortgage rates Ontario

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Our 3 year fixed mortgage rates Ontario give you security in knowing exactly what your mortgage payments will be and that they are unaffected by changing interest rates, but for a shorter term should mortgage rates drop.   As with the 5 year fixed mortgage rates Ontario, you only have the option of a closed fixed mortgage rate.    The advantage of a closed mortgage is that the interest rates tend to be lower, but options are limited.  Typically a homeowner may make extra payments or larger payments as long as the sum of the payments does not exceed a set amount determined in the loan agreement.  Payments exceeding the agreed upon amount; however, would incur penalties.

Find the best mortgage brokers Ontario to assist you whether you are a first time home buyer and obtaining your first mortgage, or if you currently have a mortgage and need a second mortgage, refinancing, renewing or require  a home equity loan.  Our expert brokers at Richmond Lending have the resources, year and knowledge required to find you the best mortgage rates Ontario.  Contact us for find out more.