CURRENT RATES

2 YEAR 2.54%

3 YEAR 2.55%

4 YEAR 2.84%

5 YEAR 2.79%*

5 YEAR Variable 2.40%*

Updated September 12th, 2017
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

Using a Mortgage Broker

At Oriana Financial we are often questioned as to why people should use a Mortgage Broker instead of going to their banking institution. Mortgage Brokers do not work for any specific lending institution and typically do not lend money but rather put you in touch with those who do. We are aware of private lenders that you may not be able to find on your own. It’s our role to find the lender with the terms and rates that best suit your needs.

Sometimes it’s easier to determine if a Mortgage Broker is right for you by comparing services offered from a Financial Institution versus the services available when you work with a Broker.

Broker

Major Bank Personnel

Access to numerous lenders and products

No access – limited access to products outside their own

Exclusive Broker Products Available

No Access to Broker Products

We work with your best interests in mind

Works on behalf of the Bank

Work 7 days a week with extended hours

Limited Bank / Branch hours

Instant Access to new programs

New programs may not be available

Even though you will have access to many lenders, your credit report will only be requested once

If you are looking at various financial institutions for the best mortgage, your credit report will be requested each time, which may have a negative effect on your credit rating

You get the best rate you qualify for! You don’t have to ask for it.

You have to ask for the best rate and even then it might not be the best or lowest

If rates drop before closing, you get the new lower rate without requesting it

If rates drop before closing you already signed the contract so are entitled to the new rate

Brokers build long term relationships with clients and lenders

 

Options! We find a lender to fit your unique needs

 

Brokers know that mortgages are more then just rates

 

We can travel to you

 

 

In summary there are a lot of great reasons to consider meeting with a Mortgage Broker to discuss your options. Contact an Oriana Financial Broker to set up a meeting to discuss your options today.