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Mortgage Rates

Investors Group Mortgage Promotions

Investors Group is pleased to offer five exciting time-limited mortgage offers[1] – available until June 29, 2012:

Special fixed-term mortgage

3.59%

60 month closed fixed-rate mortgage[2]
A low interest rate and longer term mortgage option.

If you purchase or transfer a mortgage with a value of $200,000 or more or refinance a mortgage and add at least $100,000 to it you will receive an additional 0.10% rate discount.

2.99%

36 month closed fixed-rate mortgage[3]
A low interest rate and shorter term mortgage option.

3.49%

59 month closed fixed-rate mortgage
A low interest rate and longer term mortgage option exclusively for those renewing an Investors Group mortgage.

Special variable-rate mortgage

3.00%
Prime

60 month closed variable rate or adjustable rate adjustable payment mortgage[4]
A longer term option for both rate and payment.
3.20%
Prime Rate
plus 0.20%

36 month closed variable rate or adjustable rate, adjustable payment mortgage[5]
(For individuals purchasing a new home or transferring an existing mortgage to Investors Group)
A low interest rate and shorter term mortgage option for those ready to buy (or transfer)

1 Rates as of May 8, 2012 and are subject to change or withdrawal at any time without prior notice.

2 If applicable, you may be responsible for legal and administrative fees or prepayment penalties. Loans must be committed by June 29, 2012 and must fund within 90 days.

3 If applicable, you may be responsible for legal and administrative fees or prepayment penalties.
Loans must be committed by June 29, 2012 and must fund within 60 days of mortgage approval to be eligible.

4 The 60 month Variable Rate mortgage has a guaranteed rate of Prime for the 60 month term of the mortgage. The interest payable is calculated based on our Prime mortgage rate and is subject to change at any time. Payments are based on the 3 year fixed posted rate at the time of funding. The Annual Percentage Rate (APR) for the Variable Rate Mortgage term listed above is 3.015% The APR was calculated based on the Mortgage Prime Rate of 3.00% set on September 9, 2010, which is subject to change. The 60 month Adjustable Rate Adjustable Payment mortgage has a guaranteed rate of Prime for the 60 month term of the mortgage. The interest rate is adjusted on the first business day of each month based on changes in Our one month fixed rate. The Annual Percentage Rate (APR) for the Adjustable Rate Adjustable Payment term listed above is 2.991%. The APR was calculated based on Our one month fixed of 3.00% set on September 9, 2010, which is subject to change. If applicable, you may be responsible for legal and administrative fees or prepayment penalties. Loans must be committed by June 29, 2012 and must fund within 90 days.

5 The 36 month Quick-Close Variable Rate mortgage has a guaranteed rate of Prime plus 0.20% for the 36 month term of the mortgage. The interest payable is calculated based on our Prime mortgage rate and is subject to change at any time. Payments are based on the 3 year fixed posted rate at the time of funding. The Annual Percentage Rate (APR) for the Variable Rate Mortgage term listed above is 3.207% The APR was calculated based on the Mortgage Prime Rate of 3.00% set on September 9, 2010, which is subject to change. The 36 month Adjustable Rate Adjustable Payment mortgage has a guaranteed rate of Prime for the 36 month term of the mortgage. The interest rate is adjusted on the first business day of each month based on changes in Our one month fixed rate. The Annual Percentage Rate (APR) for the Adjustable Rate Adjustable Payment term listed above is 3.185%. The APR was calculated based on Our one month fixed of 3.00% set on September 9, 2010, which is subject to change. If applicable, you may be responsible for legal and administrative fees or prepayment penalties. Loans must be committed by June 29, 2012 and must fund within 30 days of mortgage approval to be eligible.

All rates shown below are effective March  03, 2012 and subject to change at any time without prior notice.

Fixed rate mortgages 

Description Rate (%) *
6 Month Open 6.500
6 Month Closed 4.550
12 Month Open 6.300
12 Month Closed 3.200
24 Month Closed 3.550
36 Month Closed 3.950
48 Month Closed 4.640
60 Month Closed 5.440
84 Month Closed 6.500
120 Month Closed 6.750

* The Annual Percentage Rate (APR) is the same as shown. Rates are subject to change.

Variable rate mortgages 

Interest rate is subject to change daily with changes to Our Mortgage Prime Rate.

Introductory Interest Rate Period (months) Interest Rate (%) APR (%) *
 60 Month Closed n/a 3.000 3.015   

* The Annual Percentage Rate (APR) for each term listed above (with a reduced rate for an introductory period, where applicable) is based on a mortgage of $100,000, with monthly payments and a 25 year amortization. The APR was calculated using Our Mortgage Prime Rate, which is subject to change.

 

Adjustable rate adjustable payment - lock and roll mortgages 

Interest rate is subject to change at the end of each rollover period. The Adjustable Rate Adjustable Payment (ARAP) mortgage is based on Our 1 Month Fixed Rate and our Lock and Roll mortgage is based on Our 6 Month Fixed Rate.

Introductory Interest Rate Period (months) Interest Rate (%) APR (%) *
60 Month Closed - ARAP
(1 month rollover period)		 n/a 3.000 2.991   
60 Month Closed - Lock and Roll
(6 month rollover period)		 n/a 4.050 4.030   

* The Annual Percentage Rate (APR) for each term listed above (with a reduced rate for an introductory period, where applicable) is based on a mortgage of $100,000, with monthly payments and a 25 year amortization. The APR was calculated based on the appropriate Our 1 Month Fixed Rate or Our 6 Month Fixed Rate, which is subject to change.

Base rates

Description Rate (%)
Our Mortgage Prime Rate 3.000
Our 1 Month Fixed Rate 3.000
Our 6 Month Fixed Rate 4.550

Your Investors Group Consultant, together with your Investors Group Mortgage Planning Specialist, can help you take advantage of this outstanding opportunity. Talk to us today!

Mortgages are offered through I.G. Investment Management, Ltd.*. Inquires will be referred to a Mortgage Planning (Agent) Specialist. *In the Province of Ontario, Mortgage Brokerage Licence #10809. Mortgage Administrator Licence #11256.