Variable closed:	2.60%
1 year closed:	2.74%
3 year closed:	2.59%
5 year closed:	3.04%
10 year special:	3.58%

Insurance & Financial Services

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Mortgage Product Popularity

Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Langley.

Mortgage Product Type		Inquiries
Mortgage Pre-approval		24.80%
Refinance/Consolidate Debt		18.40%
Mortgage Renewal		12.80%
New Purchase		12.80%
First-time Home Buyer		12.00%
No Money Down discontinued		6.40%
Other		12.8%

Important Tip on Credit Card Debt

Credit card interest rates average at around 18.9 per cent. You, like many other Canadians, may have over ten thousand dollars charged to your credit card, but, if you only make the minimum required monthly payment of 2 per cent ($200 the first month) that $10,000 in credit card debt will ultimately take more than 57 years and cost around 40,000 dollars to fully pay off.

Using a home equity loan will allow you to eliminate the high interest credit card (and by eliminate we mean cut up) and consolidate the debt to a low interest rate mortgage payment.

Mortgage Statistics

Did you know? The average home loan in Parry Sound is:

$165,362^*

Discover many more facts and statistics exclusively here at CanEquity Mortgage.

Insurance & Financial Services

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