Best Windsor Mortgage Rates

Compare Windsor mortgage interest rates from top lenders & save on your mortgage

MOST POPULAR RATES
Photo of houses in a neighbourhood
Rates Updated:   Monday March 25, 2019 03:20AM
Featured Companies
TD logo RBC logo BMO logo National Bank logo mbna logo Scotiabank logo Tangerine logo AMEX logo True north mortgages logo Sigma Mortgages logo Mortgage Pal logo Verico logo

Rates.ca Mortgages

According to some Canadian real estate experts, Windsor is one of the most affordable cities to live in Canada while the major cities such as Vancouver and Toronto continue to be the most expensive. The average cost for a home in Windsor is $158,000 while the average home in Vancouver would cost close to a million dollars. A four-bedroom home in Toronto would cost $495,000 on average. The Canada Mortgage and Housing Corporation stated that there would continue to be high demand for housing in Windsor as the need for affordable housing continues among Canadians who feel priced out of the bigger cities.

Variable or Fixed Rate Mortgage?
When you are shopping for the best mortgage rates, you may wonder if a variable or a fixed rate mortgage is the best for you and here is how you can decide. With a variable interest rate mortgage you must have some risk tolerance in that you are comfortable with rate fluctuations. The overall savings you might obtain with the current rates available must be weighed against playing more should interest rates rise.

With a fixed rate mortgage the interest rate stays the same for the term so you know exactly what you have to pay and may budget accordingly.

It should be mentioned that even if you choose a variable rate, many lenders allow you to switch to a fixed rate should you want to lock in for the remainder of the term you agreed to.

Rebuild Your Credit
While looking for the best mortgage rate, you should obtain a copy of your credit report and credit score. Try to get rid of any errors that are on the report by writing a letter to the appropriate credit bureau or agency. Pay down as many outstanding debts as possible. The higher your credit score is, the better your chances of getting a good mortgage rate. Meet with a reputable credit counsellor if you can afford it and find out how to best handle your debts.

Consider Different Lenders Before Making A Choice
It is also wise to spread your net when choosing a lender. There are several banks and financial companies to choose from. If you are not satisfied with the traditional banks, try the credit unions for comparison purposes.
Mortgage Calculators
Try out our interactive mortgage calculators to explore different payment options, determine how much you can afford to borrow, compare refinancing options, calculate pre-payment penalties, explore the rent vs. buy decision, calculate land transfer taxes and much more.
Mortgage Guides
Thumbnail image of guide
Mortgage vs. HELOC
Thumbnail image of guide
Closing Costs
Thumbnail image of guide
Mortgage Payment Frequency
Thumbnail image of guide
Fixed Vs. Variable Mortgage Rates
Thumbnail image of guide
Mortgage Term
Thumbnail image of guide
Obtaining Or Renewing A Mortgage
Thumbnail image of guide
Open vs. Closed Mortgage
Thumbnail image of guide
Mortgage Renewal Facts
Thumbnail image of guide
Mortgage Approval Process
Thumbnail image of guide
First Time Home Buyers
Thumbnail image of guide
Land Transfer Tax
Thumbnail image of guide
Shop Before You Renew
Thumbnail image of guide
Renting Or Buying A House
Thumbnail image of guide
Mortgage Down Payment
Thumbnail image of guide
How To Buy a Mortgage in Canada
Thumbnail image of guide
Mortgage Refinancing
Thumbnail image of guide
Mortgage Default Insurance
Thumbnail image of guide
Mortgage Prepayment Options
Thumbnail image of guide
Mortgage Amortization
Stay On Top of Your Finances
Sign up to subscribe to our newsletter, receive alerts when rates change or schedule a reminder prior to the renewal of your insurance policy and/or mortgage
FAQ
Are there any fees associated with comparing rates on Rates.ca?
Comparing rates on Rates.ca is absolutely free! We get paid by the brokers and financial services companies we work with so our service always remains free for the consumer.
What products can I compare on Rates.ca?
Currently you can compare car insurance quotes, mortgage rates and credit card offers.
What provinces is Rates.ca available in?
Car insurance is currently only available to Ontario & Alberta residents. Mortgages and credit cards are available across Canada.
How will the information I provide on the site be used?
Any information that you provide on Rates.ca will only be transferred to the financial services provider who you've chosen to share it with in order to fulfil your request. We will not sell your information to any third parties without your consent.
Is Rates.ca a broker?
Rates.ca is not a broker and is not affiliated with any particular financial services company. This allows us to take an objective/un-biased position in helping you compare products on our site.
How does Rates.ca make money?
We get compensated by insurance and mortgage brokers for referrals we send to them and by credit card issuers for approved credit card applications originating from our site. We only send referrals to our partners when you indicate that you want to be contacted by them. We do not sell your information to third parties without your consent.
How do I change my email address?
If you're subscribed to one of our services you can change your email on the Subscriptions page. Every one of our emails also contains a link at the bottom to edit your subscription and change your email. Lastly, you can send an email to [email protected] to request the change.
Does it matter what browser I use to access Rates.ca?
Rates.ca is compatible across all browsers and devices. If you do however spot an issue using a particular browser/device please notify us by emailing [email protected]
How do I change my subscription preferences?
Simply click on "Edit Existing Subscriptions" at the top of the Subscriptions page. You will be promoted to enter your email and check your inbox for an email from us containing a link to edit your current subscriptions. Every Rates.ca email also contains this link at the bottom. You will be able to change your subscriptions as well as unsubscribe. You may also email [email protected] to request any changes to your subscriptions.
How do I contact Rates.ca?
You may contact us via email at [email protected] or call 1-844-726-0907.
Rates.ca, 360 Adelaide Street West, Suite 100, Toronto, ON M5V 1R7, Canada
© 2018 Rates.ca. All Rights Reserved.