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Rates

These are MCAP's posted residential rates for new business on Prime "A" qualified mortgages. Actual rates committed to qualified borrowers may differ. Please contact MCAP at the link below to learn more. Rates are subject to change without notice.

Effective Date: Thursday April 24, 2008
 
PRIME RATE
TermRate
MCAP Prime Rate4.75%
BMO Prime Rate4.75%
 
FIXED RATES
TermPosted Rate
6 month convertible6.85%
1 year open9.10%
1 year closed6.95%
2 year closed7.00%
3 year closed7.00%
4 year closed6.85%
5 year closed7.00%
7 year closed7.35%
10 year closed7.75%
 
VARIABLE INTEREST RATES
(Interest rate is based on MCAP Prime, less the applicable discount and according to the terms and conditions of your mortgage.)
TermIntroductory RateOngoing
VIP Select P-2.51 (3 month introductory)2.24% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.75 (6 month introductory)3.00% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.00 (12 month introductory)3.75% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-0.60 (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
VIP Basic (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
VIP M-Power (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
 
HOME EQUITY LINE OF CREDIT
(rate floats based on MCAP Prime)
TermBest Rate
Home Account First Mortgage 4.75%
Home Account Plus 4.75%
 
STATED INCOME PROGRAM
TermPosted Rate
6 month convertible 6.85%
1 year open 9.10%
2 year closed 7.00%
3 year closed 7.00%
4 year closed 6.85%
5 year closed 7.00%
TermIntroductory RateOngoing
VIP M-Power (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
 
SMALL RENTAL - HIGH RATIO
TermPosted Rate
2 year closed 7.00%
3 year closed 7.00%
4 year closed 6.85%
5 year closed 7.00%
 
SMALL RENTAL - CONVENTIONAL
TermPosted Rate
5 year closed 7.00%
TermIntroductory RateOngoing
VIP Select P-2.51 (3 month introductory)2.24% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.75 (6 month introductory)3.00% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.00 (12 month introductory)3.75% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-0.60 (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
 
NO DOWN PAYMENT
TermPosted Rate
6 month convertible 6.85%
1 year open 9.10%
1 year closed 6.95%
2 year closed 7.00%
3 year closed 7.00%
4 year closed 6.85%
5 year closed 7.00%
7 year closed 7.35%
10 year closed 7.75%
TermIntroductory RateOngoing
VIP Select P-2.51 (3 month introductory)2.24% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.75 (6 month introductory)3.00% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-1.00 (12 month introductory)3.75% 4.35% (Based on MCAP Prime -0.40%)
VIP Select P-0.60 (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
VIP Basic (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
VIP M-Power (Constant rate)4.15% 4.15% (Based on MCAP Prime -0.60%)
 
QUALIFY ASSIST
TermPosted Rate
3 year closed 7.00%
5 year closed 7.00%