Committed to making your mortgage approval process stress free and efficient for over 25 years, Sunlite Mortgage is one of Toronto, Canada’s leading mortgage brokerages.
At Sunlite Mortgage our mortgage rates are very competitive and subject to change without notice. We are constantly comparing our rates with that of the banks and try to source rates lower with better prepayment privileges so you can pay off your mortgage and become debt-free faster. With that in mind, you should shop around and compare mortgage rates as the savings could amount to thousands of dollars per year. The question is, would you like to save more or would you like your bank to make more by taking a higher rate from them out of loyalty? We compare fixed-rate mortgage and variable-rate mortgage with the 5 largest banks in Canada.
We consistently seek lower mortgage rates so that we can offer our borrowers the lowest mortgage rates in Canada. Compared to the banks, we offer lower fixed mortgage rates, variable mortgage rates, HELOC mortgage rates, cashback mortgage rates for first-time homebuyers or whether you are renewing your mortgage, switching your mortgage or refinancing your mortgage.
We have a relationship with over 60 lenders and we are able to negotiate the lowest rate that your credit will get. With only one pull of your credit bureau we are able to send your mortgage application to the lender that will approve your mortgage and advance your mortgage loan.
Whether you are looking for a fixed-rate mortgage or a variable rate mortgage, a HELOC or a Home Equity Loan, we have many options that you won’t get from a bank or a bank’s mortgage specialist.
Our mortgage rates are lower for first-time home buyers, self-employed borrowers, people who are new to Canada and have little or no credit and for many people who have no credit at all. If you are looking to refinance your mortgage to consolidate debt, our rates will help you to get back on track to financial stability.
| Terms | Sunlite Mortgage Rates | TD Mortgage Rates | Scotiabank Mortgage Rates | BMO Mortgage Rates | Royal Bank Mortgage Rates | CIBC Mortgage Rates |
|---|---|---|---|---|---|---|
| 1 Year | 1.84 | 3.59 | 3.54 | 3.50 | 3.39 | 3.35 |
| 2 Year | 1.84 | 3.99 | 3.14 | 3.15 | 3.38 | 3.24 |
| 3 Year | 1.84 | 2.92 | 2.95 | 2.99 | 3.35 | 3.15 |
| 4 Year | 1.80 | 3.24 | 3.24 | 3.25 | 3.09 | 3.10 |
| 5 Year | 1.69 | 2.99 | 3.04 | 3.05 | 3.24 | 2.99 |
| 7 Year | 2.09 | 3.65 | 3.65 | 3.60 | 3.65 | 3.29 |
| 10 Year | 3.24 | 3.95 | 3.72 | 3.70 | 3.75 | 3.29 |
| 5 Year Variable Rate | 1.70 | 3.35 | 3.35 | 3.35 | 3.35 | 3.35 |
| HELOC | 2.95 | 4.45 | 4.45 | 4.45 | 4.45 | 4.45 |
| Prime Rate | 2.45 | 4.10 | 3.95 | 3.95 | 3.95 | 3.95 |
