Peoples Trust Mortgage Rates

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Alberta Rates
PURCHASE
Fixed Rates
1 Year
3.74%
2 Year
3.19%
3 Year
3.14%
4 Year
3.19%
5 Year
2.64%
Variable Rates
5 Year
2.75%
RENEWAL
Fixed Rates
1 Year
4.09%
2 Year
3.64%
3 Year
3.54%
4 Year
3.74%
5 Year
2.94%
Variable Rates
5 Year
2.75%
British Columbia Rates
PURCHASE
Fixed Rates
1 Year
3.74%
2 Year
3.19%
3 Year
3.14%
4 Year
3.19%
5 Year
2.64%
Variable Rates
5 Year
2.75%
RENEWAL
Fixed Rates
1 Year
4.09%
2 Year
3.64%
3 Year
3.54%
4 Year
3.74%
5 Year
2.94%
Variable Rates
5 Year
2.75%
Ontario Rates
PURCHASE
Fixed Rates
1 Year
3.74%
2 Year
3.19%
3 Year
3.14%
4 Year
3.19%
5 Year
2.64%
Variable Rates
5 Year
2.75%
RENEWAL
Fixed Rates
1 Year
4.09%
2 Year
3.64%
3 Year
3.54%
4 Year
3.74%
5 Year
2.94%
Variable Rates
5 Year
2.75%

About Peoples Trust Rates

As part of the Triple Five Group of Companies and a division of Peoples Group, Peoples Trust is a trust company that is insured by CDIC and privately owned. Some of the highlights of dealing with a private lending institution is the customization of financial solutions (like mortgages) that are a 'perfect fit' for borrowers that do not meet the borrowing criteria of conventional lenders like major banks or member owned credit unions. Dealing directly with the Canada Mortgage and Housing Corporation for insured loans (acting as a Mortgage Backed Security), Peoples Trust has a higher approval rate amongst many lenders. Peoples Trust mortgage rates are competitive and offer flexible mortgage products that makes sense to the affordability of borrowers. The mortgage planner will cover all intricate details about a mortgage with you, whether you are looking to switch up your current mortgage, checking into mortgage refinancing, just making a mortgage renewal, home equity loans, a new mortgage or a bad credit mortgage. You will learn about different mortgage products, how your payments are applied (to principal & to interest), how equity grows in your real estate investment and many other very important points about your mortgage. Also catering to self-employed people, mortgage loans are within the grasp of all level home buyers.
Preparing for home ownership is the key to successfully (and realistically) paying off a mortgage loan within a reasonable time frame. No one wants to be in deep debt for 30 years because a mortgage loan is weighing them down on top of everyday life expenses. People Trust mortgage rates and mortgage products can be designed to be flexible, which means you have more freedom (through the right mortgage product) to increase payments, pay a lump sum at any given time, or pay out your mortgage loan early. Yes, the mortgage laws have stiffened up in Canada, but working with the right lender and choosing a home that is realistically affordable can make taking out a mortgage easier. You will want to keep in mind that at the time your mortgage is up for renewal, you will have options (many home buyers will shop around to different lenders to try and secure a better interest rate or upgrade the mortgage product). If saving money during the life of your mortgage is your priority, then consider shortening the amount of years that you will want to have the loan for and thus increasing the payments, which in turn will lower the capital amount and less interest will be paid in total. In time, with this method, more money from your payments will go directly on the capital amount and less on the interest.

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1.877.896.6727