Fixed Rate Mortgages in Ontario

In Ontario, many homes are commonly purchased with the help of fixed rate mortgages. Fixed rate mortgages are sometimes referred to as a “vanilla wafer”. Fixed rate mortgages are extremely popular for purchasing homes due to the nature of being fully amortizing mortgages where the interest rate on the note remains the same throughout the term of the loan. Although fixed rate mortgages are generally more expensive than regular adjustable rate mortgages, they are more reliable and consistent over time due to the effects of inflation. With that being said, if you are interested in a fixed rate mortgage, Smarter Loans is able to help you acquire one in an efficient manner.

In Ontario, more homes are being developed every day and the communities are expanding to be more robust than ever before. With that, fixed rate mortgages are becoming more popular than ever, and the application process has been made simple by Smarter Loans.

We are committed to helping you find a mortgage company that you’ll be compatible with over the next 15 or 30 year term. A mortgage is a large commitment, so ensure that you compare terms, rates and offers below in the Smarter Loans directory before committing.

Once you’ve had a chance to look through all of the options, select the fixed rate mortgage that best serves your unique needs, then click “apply now” and a brief online application will pop up, where you’ll be prompted with questions that’ll ensure you meet the requirements for the fixed rate mortgage you desire. If the information laid out is overwhelming or confusing, you can also alternatively pre-apply with Smarter Loans and we’ll take on the heavy lifting by coordinating you with a fixed rate mortgage and provider on your behalf.