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Put your money to work with a great rate
Credit for larger purchases, secured by the equity in your home. Also called HELOC.
Earn tax-free interest on every dollar.
Get into the market now with an amazing fixed mortgage rate.
Everyone deserves a shot at homeownership. The rate is important, for sure, so let’s start there. At motusbank we’ll always offer you a great, competitive mortgage rate. No awkward sales shenanigans. No funny business. Just an awesome rate, period.
From there, we’ll work with you to make it happen, whether you’re a solo act, a couple, or a couple of couples. The Friends and Family mortgage is just one of the ways we’re innovating. You can pretty much book the moving van.
1 year 1.99% = 2.10% APR
2 year 1.99% = 2.05% APR
3 Year 1.99% = 2.03% APR
4 Year 1.99% = 2.02% APR
5 Year 1.99% = 2.01% (High Ratio and Fixed Closed)
5 Year 1.55% = 1.57% APR (High Ratio and Variable Closed)
1Interest is calculated on the closing daily balance and is paid monthly. Rates are provided for information purposes only and are subject to change at any time.
2APR = 2.01%
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.
On approved credit, rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, amortizations greater than 25 years, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with motusbank Prime Rate, which is currently 2.45%. Where applicable, the Bank of Canada qualifying rate is 4.79%. Builder's pricing applies to posted rates, not to promotional or special rates.
A High Ratio mortgage applies when you have a down payment of less than 20% to put toward the purchase of a home. Refinances, renewals and amortization periods of greater than 25 years are ineligible.