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Best 5-YR fixed

2.34%

Best 5-YR variable

1.85%

Best 3-YR fixed

2.15%

9-Year Fixed Mortgage Rates

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Home / 9-Year Fixed Mortgage Rates
9-Year Fixed Rate Mortgage

If you are looking for a fixed-rate mortgage that is slightly less than a decade and won’t cost you a ton of money, you have come to the right place to determine your best option. Here at GN Mortgages.ca, we guide mortgage shoppers about the best 9-year fixed mortgage rates. Borrowers who want mortgage payments stability and a static interest rate that they can enjoy for more than 5 years. A 9-year fixed mortgage is the perfect option if you are looking for consistency in your budget year after year, as this option features constant interest rates for 9 years.

Fixed Interest Rate or Variable Interest Rate

Fixed Interest Rate – In fixed interest rate, your interest rate will remain the same throughout the entire term of mortgage. You will always know the amount you need to pay and the total amount of your mortgage that will be paid off at the end of the term.

Variable Interest Rate – In variable interest rate, your interest rate fluctuates with changes in the Prime rates from time to time. If your interest rate decreases, your mortgage payment is applied to the principal balance owing. On the other hand, if the interest rate increases, the more of your monthly payments will be added to the interest.

Open or Closed Mortgage

Open Mortgage – In open mortgage, you need to set payments at set times. And you are also allowed to pay any amount as a mortgage payment at any time, without any prepayment penalty. Interest rates are always higher in this mortgage option.

Closed Mortgage – In closed mortgage, you are required to set payments and pay prepayment charges in case you want to pay more than definite amount. You can renegotiate or refinance your mortgage before the term expires. Interest rates are relatively low in this type of mortgage.

Why choose GN Mortgages.ca for your mortgage needs?

A fixed mortgage rate will remain the same for the duration of your mortgage, so in this case the interest will remain constant for nine years. A closed 9 year fixed mortgage means that the terms and conditions remains the same. Our mortgage agents, at GN Mortgages.ca, will recommend you some reliable banks and lenders that can help you achieve your financial goals.

We will guide you through the entire 9 year fixed mortgage options and the benefits you will get. Our agents strive to get you the best deal – whether it’s your first time mortgage deal or you want to refinance your existing mortgage.

Call us 416-844-8906 to know more about 9-year fixed mortgages!
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