Mortgage rate comparison
Want to see how our rates compare to our competitors? Select a competitor below to see the Pine advantage in action.
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3-year
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5-year
5-year
This table was last updated on August 16, 2024 using data available on each respective institution’s website.
2-year
3-year
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5-year
5-year
Like what you see? Lock in your rate today.
See the potential savings with Pine
Competitive rates
We offer the most competitive rates in the country to our clients and are committed to working with you to get you the lowest rate possible.
Peace of mind from rate hikes
Upon approval you will receive a 120 day rate lock, but it doesn’t stop there. We also proactively ensure you get the lowest possible rate that we can offer you within that time period if rates drop.
Personalized solutions
Our team of experienced mortgage experts will work closely with our clients to conduct a discovery call and understand their unique financial situation. This allows us to tailor a mortgage solution that meets our client’s needs and goals.
Streamlined process
We pride ourselves on providing a seamless and efficient mortgage process all completed in the comfort of your home online, ensuring an easy and convenient experience for all our clients.
How it works
Apply online
Just click on 'Get started' located at the top right of our webpage to launch your application. With an easy-to-use online platform, you can start your home financing journey in less than 10 minutes.
Submit documents
Safely upload your identification and relevant supporting documents via our secure customer portal. This helps us understand your financial capabilities and tailor the best solutions for you.
Get approved
Get ready to make your housing dreams come true. Our skilled mortgage advisors will guide you through the optimal choices tailored to your specific financing requirements.
Closing
Congratulations, you've reached the final step of the mortgage process! This is where all the remaining paperwork gets signed and your mortgage funds are released.
Knowledge is power
For more detailed insights, our blog section is a treasure trove of resources. You'll find articles on everything from understanding mortgage terminology to tips on saving for a down payment and market updates. The more you know, the better prepared you'll be when it comes to making the big decision of buying or refinancing a home.
Butler Mortgage Rate
Butler Mortgage, nestled in the heart of Toronto, isn't just another mortgage company. For over 25 years, they've carved out a niche as a top-tier mortgage brokerage in Canada, offering personalized fixed and variable mortgage plans. Whether you're a first-time buyer or looking to refinance, Butler Mortgage crafts solutions with your homeownership dreams in mind.
The Art of Comparing Mortgage Rates
The Impact of Mortgage Rate Shopping
Your mortgage rate is more than a figure; it's the heartbeat of your home loan's cost. Even a small adjustment in the rate can lead to significant savings or expenses over the loan's life. That's why it's smart to compare what's out there, from Butler Mortgage to direct lenders like Pine.
Brokerage vs. Direct Lending
While Butler Mortgage has a robust selection and a trustworthy name, direct lenders like Pine might edge out with more attractive rates thanks to our focused approach. Broadening your search could lead to finding the best rate for your budget.
Butler Mortgage's Fixed-Rate Mortgages: Your Financial Lighthouse
Predictable Payments
Choosing a fixed-rate mortgage with Butler Mortgage means your rate doesn't budge. This predictability is a haven for those who value a consistent budget, especially when economic waters are choppy.
Term Lengths to Fit Your Life
Butler Mortgage offers a variety of term lengths, ensuring you find the right fit for your life's timeline—whether you're planting roots or keeping your options open.
Rate Comparison: A Must-Do
Butler Mortgage's rates are competitive, but it's wise to compare them with what's available elsewhere, like Pine. A bit of research could illuminate the best rate for you.
Locking in Your Rate
Butler Mortgage allows you to lock in a rate for a certain period, often a few months, giving you breathing room as you search for the perfect home.
Butler Mortgage's Variable-Rate Mortgages: Navigate with Confidence
The Variable Rate Journey
Variable-rate mortgages from Butler Mortgage are tied to market trends, offering a potentially lower starting rate. It's an appealing path when rates are on the decline, but always with a watchful eye on the market's ebb and flow.
Starting on a Lower Rung
Variable rates often start lower than fixed rates, which might mean immediate savings. It's an attractive option if you're hoping for a steady or falling rate environment.
Switching It Up
Butler Mortgage is known for its flexibility. Should the market's waves get rough, they provide the option to switch to a fixed rate, giving you a safety net against market storms.
Weighing the Variables
Variable rates have their perks, but they also come with uncertainty. It's important to weigh this against your financial plans, particularly if you have fixed commitments like regular savings or investment contributions.
Butler Mortgage's 5-Year Fixed Mortgage Rate: A Popular Choice for Stability
The Charm of the 5-Year Term
In Canada, the 5-year mortgage term strikes a chord with many. It's a perfect mix of steady rates and a time frame that's not too long, not too short. This period is especially attractive because of the competitive rates it often brings to the table.
Steady Rates for a Steady Life
Butler Mortgage's 5-year fixed mortgage puts rate worries to rest. The rate stays the same, which means your payments do too, month after month. It's like having a financial guide for the next five years.
Rate Check: How Does Butler Measure Up?
Butler Mortgage has appealing rates for their 5-year fixed mortgages, but it's always smart to look around. Direct lenders like Pine might have the edge with leaner operations that can offer even better rates.
Butler Mortgage's 5-Year Variable Mortgage Rate: For the Bold and the Brave
The Lure of Lower Initial Rates
Starting with a 5-year variable rate often means lower payments at first compared to fixed rates. It's a chance for some upfront savings. But remember, variable rates move with the market, so keep an eye on the horizon.
Keeping an Eye on Market Moods
If you're leaning towards a variable rate, remember that rates can change with the economic climate. Sometimes, your payments might go more towards interest than your home's equity. It's all about balance.
Switching Sails if the Winds Change
Butler Mortgage is adaptable. If variable rates start to climb too high, they let you switch to a fixed rate, giving you a safety net against unpredictable market changes.
Variable Rates: A Calculated Risk
Variable rates can be great, but they're not for the faint of heart. It's important to consider if you're ready for the possibility of fluctuating payments.
Unravelling Mortgage Rates in Canada
Getting to Know Mortgage Rates
Mortgage rates are like the cost of admission for buying your home. In Canada, you usually pay back your loan over 25 years, and the 5-year term is a common choice for many.
The Two Main Players: Fixed and Variable Rates
In the world of Canadian mortgages, you've got fixed rates, which stay the same, and variable rates, which can change with the market. This means your payments could go up or down with a variable rate.
What Influences Your Mortgage Rate
Lots of things affect mortgage rates, like the economy, the Bank of Canada's rates, and your credit score. Lenders like Butler Mortgage and Pine use these factors to figure out the rates they offer.
The Mortgage Stress Test: Are You Ready?
In Canada, there's something called the mortgage stress test. It's used by lenders to make sure you can handle a rate increase. It's like a practice run to make sure you can handle any surprises the market might throw at you.