First Financial is a comprehensive platform that offers a wide range of mortgage options. By choosing a First Financial Professional, you can access all your mortgage options with just one phone call, one application. The professionals work on your behalf, placing your mortgage with the lender that is the best fit for you, whether it’s a major bank or a private lender.
As of May 18, 2023, the First Financial exclusive rates are as follows:
These rates may vary provincially and are subject to change without notice OAC.
First Financial provides insights into choosing between fixed and variable rates. A fixed rate will stay the same over the course of your term regardless of market fluctuations. Fixed Rate Mortgages can be open or closed.
If you believe that interest rates will rise, have a low tolerance for market fluctuation, prefer to have the same payment over the course of your term, don't intend to make any or very few prepayments of your mortgage principal, or don't plan to sell your home in the near future, a closed fixed rate might be suitable for you.
On the other hand, an open fixed rate might be a better fit if you plan to sell your home in the near future, intend to make prepayment of more than 20% of your mortgage principal, or prefer to have the same payment over the course of your term.
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