Peace of mind for your mortgage.
Life can be unpredictable, but your mortgage doesn’t have to be. Planning your life and your budget is simple with a fixed rate mortgage. Once you lock in one of RMG Mortgages’ great rates, you’ll know exactly how much your payments will be for your entire mortgage term.
Security and Stability for the Length of Your Mortgage Term
Is a fixed mortgage rate right for you? Here’s
what comes with this type of mortgage
Predictable Payments
With a fixed mortgage rate, you know
what your payment amount will be
throughout your term.
Payments That Work For You
Choose a payment schedule that suits your lifestyle – monthly, bi-weekly, semi-monthly or weekly.
Pay Down Your Mortgage Faster
You can increase your payment by 20% or make a lump sum payment of up to 20% of the original principal amount each year – in addition to your regular payments – with no penalty or administration fee.
A Mortgage That Fits Your Life
A fixed rate mortgage from RMG Mortgages offers both security and choice.
Term:
1 to 5-year fixed
mortgage rates
Payment frequency:
Monthly, bi-weekly,
semi-monthly or weekly
Rate type:
Fixed
Payment Amount: Locked In
Up to 30 years
Plus applicable taxes
RMG Mortgages supports most Canada
Mortgage and Housing Corporation (CMHC),
Canada Guaranty and Sagen
programs to ensure the accessibility of
mortgages for Canadian consumers.
Why are fixed rates higher than variable?
A fixed mortgage rate gives you the peace of mind of knowing you will have a
consistent payment amount throughout your term. A variable rate can often be
lower than fixed rates, but it comes with a risk of fluctuations in your rate, and
consequently your payment amount, over the length of the term. Whether or not
the risk of payment fluctuation is worth the potential for lower payments is up to
you as a homeowner; there is no right or wrong choice.
The Strength Behind RMG Mortgages
Find out if an RMG Mortgage is right for you. A professional mortgage broker can help.
Find out if an RMG Mortgage is right for you. A professional mortgage broker can help.