When more than one person is borrowing money; all persons signing the mortgage contract are considered co-signers. The obligation of each person is ‘joint and several.’ This means that collectively they owe the debt, but also each individual signing owes the whole amount borrowed and the whole amount of each payment.
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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% |