Renewing a Mortgage

Renewing your current mortgage with Mortgage Forces could allow you to secure a lower rate. A mortgage is a large financial commitment that should be revisited throughout the life of the loan. Interest rates change, and renegotiating or renewing your current mortgage could help you save money, creating more room in your budget for other expenses.

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Armed Forces Mortgage Loan in Ottawa

For those currently or formerly serving in the military, those with Canadian government appointments, and those holding DND jobs, Mortgage Forces is here to provide financial expertise and support. We provide a wide range of mortgage options for our clients free of charge, and we have partnered with the top, most trusted lenders to help match you and your family with a flexible, affordable mortgage.

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Consolidating Debt

Debt consolidation often brings lower payments and more financial freedom to military families. Student loans on both secured and unsecured lines of credit can all be tied together into one loan to help you manage your finances. Home equity loans, for instance, are a common tool for military families who acquire debt from frequent postings.

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Latest Rates

Bank Rate Our Rate
6 Month 5.50% 3.30%
1 Year Closed 3.50% 3.14%
2 Year Closed 3.19% 2.79%
3 Year Closed 3.55% 2.84%
4 Year Closed 3.14% 2.89%
5 Year Closed 3.95% 2.69%*
7 Year Closed 2.94% 2.89%
10 Year Closed 4.64% 3.30%
Home Equity LOC 3.45% 2.85%
3 yr Variable Closed 3.55% 2.65%
5 yr Variable - CAPPED at 4.05% 4.05% 4.05%
5 yr Variable Closed 2.94% 1.95%

*These rates may change without notice - Some conditions may apply - Please contact us for further details

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