Fixed-Rate Mortgage

With a fixed-rate mortgage, your monthly payment stays the same for the entire loan term

A fixed-rate mortgage offers you consistency that can help make it easier for you to set a budget. Your mortgage interest rate, and your total monthly payment of principal and interest, will stay the same for the entire term of the loan.

Featured Rates

8.60%

On a 24-month term
(closed term)

 

2 Year Closed Term Fixed Rate Mortgage

6.90%

On a 60-month term
(Closed term)

 

5 Year Closed Term Fixed Rate Mortgage

9.60%

On a 84-month term
(Open term)

 

7 Year Open Term Fixed Rate Mortgage

Why choose a fixed-rate mortgage?

A fixed-rate mortgage offers you consistency that can help make it easier for you to set a budget. Your mortgage interest rate, and your total monthly payment of principal and interest, will stay the same for the entire term of the loan.

Fixed-rate mortgages are a good choice if you:

  • Think interest rates could rise in the next few years and you want to keep the current rate.
  • Plan to stay in your home for many years.
  • Prefer the stability of a fixed principal and interest payment that doesn't change.

2 Year Closed Term Fixed Rate Mortgages

These are right for you if you want short term protection against rate increases and you don't want to commit to a long mortgage term

Overview

  • Fixed interest rate. Avoid rate increases without committing to a long-term mortgage.

  • Prepayment options. You can prepay to pay off your mortgage faster. Our most popular solution allows you to prepay up to 15% of the original principal amount of your mortgage and increase your payment by up to 15% of the payment set for the current term of your mortgage each year*. Speak to one of our Weston Credit advisors about all the options we have available.

  • You could also have the following additional options**:
    • Match-a-Payment 
      You can pay an extra regular mortgage payment on any of your regular payment dates during your term.
    • Miss-a-Payment
      You can miss a mortgage payment as long as you have matched one previously in your term.
       
  • Conventional and insured financing available.

PLUS:

  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.

  • Weston Mortgage Protection can help make sure the home you worked so hard for is protected.

Customized refinance rates

Estimate your monthly payments, annual percentage rate (APR), and mortgage interest rate to see if refinancing could be the right move.

Start your application

Today's rates for 2 Year Closed Term Fixed Rate Mortgages

Special Offers

We understand that everyone's mortgage needs are different. Let us help you find a mortgage that's just right for you4.

Purchase Rates

Refinance Rates

Closed Term Fixed Rate Mortgages

Term Rate
1 year 8.040%
2 years 7.640%
3 years 7.240%
4 years 7.040%
5 years 7.040%
7 years 7.200%
10 years 7.690%

5 Year Closed Term Fixed Rate Mortgage®

5 Year Closed Term Fixed Rate Mortgage has long been popular because of its fixed interest rate and lower monthly payments compared to other types of fixed-rate loans.

Overview

Fixed interest rate.
Get the security of knowing what your rate and payments will be over the long term.

Cash back.
You can receive up to 5% of your mortgage principal amount, up front†.

Prepayment options.
You can prepay to pay off your mortgage faster. Our most popular solution allows you to prepay up to 15% of the original principal amount of your mortgage and increase your payment by up to 15% of the payment set for the current term of your mortgage each year*. Speak to one of our Weston Credit advisors about all the options we have available.

You could also have the following additional options**:

  • Match-a-Payment
    You can pay an extra regular mortgage payment on any of your regular payment dates during your term.
  • Miss-a-Payment
    You can miss a mortgage payment as long as you have matched one previously in your term.

Conventional and insured financing available.

PLUS:

  • Choose from weekly, biweekly, semi-monthly, and monthly payment options.
  • Weston Mortgage Protection can help make sure the home you worked so hard for is protected.

Bring your homeownership goals to life.

If you're looking for a loan where the monthly payment will not change and will be easy to budget, choose a Fixed Rate Loan.

Today's rates for 5 Year Closed Term Fixed Rate Mortgages

Special Offers

Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county.

Purchase Rates

Refinance Rates

Closed Term Fixed Rate Mortgages

Term Rate
1 year 8.040%
2 years 7.640%
3 years 7.240%
4 years 7.040%
5 years 7.040%
7 years 7.200%
10 years 7.690%

Mortgage prequalification

A mortgage prequalification checks your credit history for a confident rate estimate, and doesn’t affect your credit.

Prequalification is also an opportunity to learn about different mortgage options and work with your lender to identify the right fit for your needs and goals.

Frequently asked questions

Contact us

Speak with a Home Financing Advisor

We have qualified experts available 24/7 to answer your questions and otherwise assist you.

Apply online with eBanking

You can be pre-approved, search for a home, and get a mortgage all in one place with Weston Credit bank’s online mortgage application process.

Track your loan status online


View your loan status and the list of documents needed during the loan process in your personalized internet banking mortgage dashboard. Access innovative tools and explore your loan options in your personalized dashboard.