Plan-Hypothèque - Courtiers hypothécaires - Courtier immobilier agréé

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Terms	Bank rates	Our rates
variable	4.75%	3.75%
1 year	6.95%	5.05%
2 years	7.00%	5.15%
3 years	7.00%	5.39%
4 years	6.99%	5.45%
5 years	7.15%	5.45%
7 years	7.60%	5.70%
10 years	8.25%	5.80%
As of : 2008/07/21 Subject to change without notice, certain conditions may apply.

By choosing a fixed rate mortgage, you repay the capital and interest at a set rate for the duration of your loan. For example, if you borrow $100,000 to purchase your house and you wish to repay this amount over a 25-year period at 6% interest rate, your payments will be approximately $640 per month for the entire term you chose: 1 year, 2 years, 5 years, 10 years, etc.

With a fixed rate mortgage, you are certain that your mortgage payments will not be affected by interest rate fluctuations, which greatly simplifies your life. You will have the same monthly payment until your term expires, which means you can plan your finances for several years to come.

Usually, this type of loan allows you to repay a certain percentage of the capital or to increase your payments. This flexibility can be very useful when your household finances change or when you have additional monies that you wish to use to reduce your amortisation period.