*2.49% for fixed closed mortgage terms of 1 year or greater.
1 year – 2.60% APR
2 year – 2.55% APR
3 year – 2.53% APR
4 year – 2.52% APR
5 year – 2.51% APR
1APR 2.55%
2APR 2.51%
3The rate is the Annual Percentage Rate (APR) and assumes no other cost of borrowing other than interest. The maximum rate for unsecured lines of credit is 16.95% and the maximum rate for secured lines of credit and loans is 17.35%. On approved credit, rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest.
The Annual Percentage Rate (APR) is based on a $300,000 mortgage, 25 year amortization, for the applicable term and the fee to obtain a property appraisal of $325 (fees vary from $0 to $455). If there are no fees, the APR and interest rate will be the same. APR is rounded to two decimal places.
A High Ratio mortgage applies when you have a down payment of less than 20% to put toward the purchase of a home.