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Mortgage Rates & Brokers in Scarborough

Scarborough residents who are looking to buy a home and get the most out of their investment face many challenges. Mortgage rates can be unstable in a fluid economy, and acquiring the best rate comes down to choosing the right mortgage from the right lender at the right time.

Securing a great mortgage is the result of extensive research that requires many considerations. Having an expert to guide you through the process ensures that you get the best rate when making your decision.

Home buyers and investors must search through countless mortgage companies and have a full understanding of the various terms and conditions of each.

Northwood Mortgage works to meet your individual needs. We take the time to understand what you’re looking for and provide you with all of the resources you need to feel empowered when choosing a mortgage lender.

Scarborough home buyers confidently choose between purchasing a home over renting with the help of our team of experts. Our mortgage agents have the skills needed for securing prime and subprime mortgages for local residents.

Northwood Mortgage helps you get approved for your first or second residential mortgage. We also have extensive experience in investment, commercial, and industrial mortgages.

We’re proud to bring more than 50 years of combined experience to help the residents of Scarborough and the surrounding areas secure the best mortgage rates available.

This makes it possible for you to reap the financial rewards of investing in your own home or commercial property. We also offer guidance in addressing existing debt, which can make it difficult to obtain your mortgage.

The Northwood Mortgage Financial Centre provides the resources you need to eliminate debt and stop any liens against your property or garnishment from your wages.

Scarborough has become one of the most popular destinations for both Canadians and individuals from around the world. This has created one of the most diverse locations in the Greater Toronto Area.

It’s home to major landmarks that include Rouge Park and the Scarborough Bluffs and has a growing economy rooted in industries such as manufacturing and technology. This allowed Scarborough to grow into the large community that it is today.

Local residents also utilize the many educational resources available in Scarborough. These include The University of Toronto Scarborough and Centennial College.

Northwood Mortgage helps you find an easy way to secure a loan when other lenders fail. We’re proud to offer quality service to all of our local customers and the lenders we work with.

Northwood Mortgage was established in 1990, and our team consists of experts in placing mortgages for commercial, industrial, and home investments. During that time, we’ve arranged loans that range from $10,000 to $19,000,000.

We are a member of the MPC – Mortgage Professionals Canada and our service meets the professional standards shared by other members including most of the country’s institutional lenders.

Finding the right mortgage shouldn’t have to depend on being at the right place at the right time. Instead, you can acquire all of the information and assistance you need to ensure that you obtain the best mortgage rate for your investment.

Mortgage Rates in Scarborough

Term Rate
Variable Rate – High Ratio Insured Special – 4.50%
1 Year fixed Insured 6.04%
2 Year insured 5.34%
3 Year Fixed Insured 4.39%
4 Year Fixed insured 4.49%
5 Year Fixed Mortgage Insured Special Closing Conditions 4.24%
7 Year 120 day rate hold Insured 5.30%
10 Year Insured 120 day Rate hold This could be your last mortgage ever! 5.70%
Variable Rate Open (line of credit) 5.95%
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