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Current Interest Rates

Interest Rates as of March 12 2021

Terms Posted Rates Our Rates
6 MONTH 4.40% 3.14%
1 YEAR 3.09% 1.69%
2 YEARS 3.39% 1.69%
3 YEARS 3.69% 1.69%
4 YEARS 4.09% 1.69%
5 YEARS 4.79% 1.91%
10 YEARS 5.79% 2.95%
Variable 2.45% 1.50%

The best mortgage is the one that enables you to have a good quality of life.

A picture of money

Getting a mortgage with the best interest rate is about  knowing where and how to get that best interest rate.  Lenders don't always offer the best interest rates to their clients and if you are not up to date on mortgage rates you may not be get the best rate for your situation. A mortgage broker does nothing else but facilitate mortgage transactions and with hundreds of mortgage products and dozens of lenders you know you are getting the best mortgage for your needs.

Rick Bossom is a licensed mortgage broker and an Accredited Mortgage Professional that serves Courtenay, Comox, Campbell River along with Vancouver island. Secondary markets include all of British Columbia and Alberta but Rick is licensed to facilitate mortgages throughout Western Canada. If you have any questions about interest rates, terms or how to get the best mortgage, please call or email anytime.

The best mortgage is the one that enables you to have a good quality of life.

Your interest rate is the one of the main factors in how fast you will be mortgage free; and getting the best interest rate from major banks, Credit Unions and other financial institutions is a mortgage brokers job.   A mortgage broker can even get the best rates  from your local lenders in Courtenay, Comox, Campbell River and surrounding areas on Vancouver Island B. C.  Now, the best Interest rates starts with having a good credit rating.  Rick Bossom  will help you understand what you need to do to increase or keep a good credit rating.

Private mortgage interest rates can be from 5.00% to 10.5% for a first mortgage or 7.00% to 12.90 percent for a second mortgage. Because lender risk, market demands and the property itself all affect what interest rate will be charged, it is best to call or contact me for the most up to date and accurate information possible.