1Educators Financial Group Prime rate of 3.00% as of September 9, 2010
Flexible mortgages that help you own your home sooner.
Educators Financial Group offers a variety of mortgages to suit your needs.
| Mortgage |
Description |
| Best Rate Mortgage |
The Educators Financial Group's Best Rate mortgage is a no-frills mortgage with a 5-year fixed rate. This mortgage is ideal for those who, in exchange for a lower rate, don't need as high a prepayment option that is typically offered with other mortgages. |
| Fixed Rate Mortgage |
The Educators Financial Group's Fixed Rate mortgage is a closed mortgage that offers you competitive prepayment privileges and the comfort of knowing your monthly payment will not change throughout the term of the mortgage. |
| Adjustable Rate Mortgage |
The Educators Financial Group's Adjustable Rate Mortgage (ARM) is a closed mortgage that offers you the ability to take advantage of low, short-term interest rates while offering you the piece of mind that you can convert to a fixed rate mortgage at any time during the term. |
| 50/50 Balanced Mortgage |
The Educators Financial Group 50/50 balanced mortgage is a product that lets borrowers take advantage of low fixed rates and low Adjustable rate products all in one mortgage. 50% of the mortgage is in a 5 year fixed rate and 50% of the mortgage is in a 5 year Adjustable rate. The Adjustable rate can be locked in at any time to a fixed rate for the remainder of the term of the mortgage. |
In addition, there are a number of special features available including:
 designed to spread your payments over 10 months and skip the summer payments. - Flexible Down Payment program: suited to home buyers who have established an excellent credit history but have not yet accumulated the required down payment or have chosen to use their savings for other asset enhancing purposes.
- Vacation / Second Home program: designed to assist with the purchase of a second home or vacation property with little down payment.
And stay tuned: we're committed to developing more mortgage options tailored to the unique needs of the education community.
Choose a Mortgage Provider That Give
Educators a Distinct Advantage
The current Educators Financial Group mortgage Prime Rate is equivalent to the annual rate of interest which the Royal Bank of Canada refers to as its "prime rate of interest".
Educators Financial Group mortgages are facilitated by Paradigm Quest Inc., broker license 11017. Rates and products are subject to change without notice.
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