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For real. Now that’s a feel good rate.
Move in faster - get a great, dependable rate with a smaller down payment.
Put something away for a rainy day, while earning tax-free interest on every dollar.
Invest in your future, and enjoy a great rate on an 18-month RRSP GIC.
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.
*2.90% for closed mortgage terms of 1 year or greater.
1 year – 3.02% APR
2 year – 2.96% APR
3 year – 2.94% APR
4 year – 2.93% APR
5 year – 2.92% APR
†Interest 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.
**Interest is calculated and accrued daily. To calculate the daily interest, we divide the annual interest by 365. We multiply that figure by the GIC book value to determine how much interest to accrue. Interest is paid on maturity for GICs that do not pay interest during their term.
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.