With this option you get to keep the balance of your present mortgage interest rate, with only the new amount at today’s mortgage rates. Because you are keeping the terms of your current mortgage contract, there is no penalty involved.
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| Term | Rate |
|
PRIME |
3.00% |
|
Variable |
2.79% |
|
1 Year |
2.89% |
|
3 Year |
2.99% |
|
4 Year |
3.19% |
|
5 Year |
3.29% |
|
10 Year |
3.99% |