Finally, Hamilton Mortgage Rates that Are Honest & Upfront!

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We Connect You With the Best Hamilton Mortgage Brokers

We're here to help you with your mortgage journey.


We understand the pains of finding a mortgage solution that fits your needs. That's why we help connect with you with mortgage brokers in Hamilton who can advise you on the best mortgage rates and get you into your dream home.

WHAT PAST MORTGAGE HUNTERS ARE SAYING

"Hamilton Mortgage Rates was a life saver! I was wanting to get into my first home and just had no idea where to start. I was completely overwhelmed and they helped connect with me with a mortgage broker that made the process so easy!!"

• New Homeowner | Hamilton, ON

What to Consider with Your Mortgage Rates

Fixed Mortgage Rates

Fixed mortgage rates are traditionally a popular option, with 5-year fixed mortgage rates accounting for about 46% of new mortgages in 2020. The advantage of having a fixed mortgage is that you are protected from fluctuations in interest rates, so that your regular payments will remain constant throughout the period, regardless of what is happening in the market. If you have a low appetite for risk, then a fixed-rate mortgage is ideal for you. From the very beginning, you know how much you are paying monthly, and you do not need to check your interest rate.

Variable Mortgage Rates

Variable mortgage rates are usually lower than fixed rates, but they can vary throughout your period. Variable mortgages are sensitive to market behavior (over the main rate) that affects your payments. This means that the amounts of your payments may vary over time. If fixed rates continue to rise in 2021, there are relatively lower variable rates,It has become more attractive, and an increasing number of potential buyers are choosing 5-year variable-rate mortgages.

Closed Mortgages

Closed mortgages have lower rates compared to open mortgages. Closed mortgages can be issued in fixed and variable forms, but restrictions may be placed on the amount of principal that you can pay off each year. If you pay off the principal on the closed mortgage in full for a certain period of time, you will have to pay the prepayment penalty, which is usually an interest rate of 3 months.

Open Mortgages

Open mortgages allow you to pay off your entire mortgage balance at any time during the period. The disadvantage is that for this option you have to pay a premium in the form of higher rates. You can choose an open mortgage if you plan to move in the near future or are waiting for a one-time payment in the form of an inheritance or a bonus that will allow you to pay,with more mortgages

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