MCAP offers competitive rates — plus other mortgage features — to help you finance your next home.
When buying a home, mortgage rates are an important part of the conversation — but they’re not the whole story. When choosing a mortgage, it’s also important to consider:
Do you prefer the stability of a fixed rate or the flexibility of a variable rate? Are you planning to be in your home for a long time or only for a specific period of time? Your priorities, goals, and lifestyle all factor into your mortgage decision. A broker can help guide you to the mortgage that’s right for you.
Before deciding whether a fixed or adjustable rate mortgage is right for you, take a look at the features of each mortgage type below.
+ The interest rate is locked in for the full term of the mortgage
+ Principal and interest payments are guaranteed not to change throughout your term
+ You have the option to pay down your mortgage faster with certain lump-sum and pre-payment privileges
+ If interest rates fluctuate up or down your mortgage rate will do the same
+ Your regular payment will also go up or down in relation to the rise and fall of interest rates
+ Provides the option to convert to a fixed rate mortgage anytime — so you can take advantage of falling rates
+ You have the option to pay down your mortgage faster with certain lump-sum and pre-payment privileges
Discover how much your mortgage payments could be and compare different mortgage options to find what works best for you.