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Mortgage Rates

Investors Group Mortgage Promotions

Investors Group is pleased to offer six exciting time-limited mortgage offers[1] – available until March 31, 2012:

Special fixed-term mortgage

3.99%

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.

2.79%

30 month closed fixed-rate mortgage[3]
A low interest rate and shorter 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%

48 month closed fixed-rate mortgage[4]
A low interest rate and longer term mortgage option.
3.69%

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

3.50%
Prime Rate plus 0.50%

30 month open variable rate mortgage[5]
(For individuals purchasing a new home, transferring or refinancing)

A low interest rate and shorter term mortgage option. 
3.00%
Prime Rate

36 month closed variable rate or adjustable rate, adjustable payment mortgage[6]
(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 February 3, 2012 and subject to change 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 March 31, 2012 and must fund within 90 days.

3If applicable, you may be responsible for legal and administrative fees or prepayment penalties. Loans must be committed by March 31, 2012 and must fund within 30 days.

4If applicable, you may be responsible for legal and administrative fees or prepayment penalties. Loans must be committed by March 31, 2012 and must fund by April 30, 2012.

5The Annual Percentage Rate (APR) for the 30 Month Open Variable Rate Mortgage term listed above is 3.505% based on a mortgage of $100K, with monthly payments and a 25 year amortization. The APR was calculated based on the Mortgage Prime Rate of 3.00% set on September 9th, 2010, which is subject to change.

6The 36 month Quick-Close Variable Rate mortgage has a guaranteed rate of Prime 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 3.010% 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 Quick-Close 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 2.987%. 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 March 31, 2012. Purchase or transfer transaction must fund within 30 days of mortgage approval to be eligible.

All rates shown below are effective February  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 3.500
24 Month Closed 3.850
36 Month Closed 4.050
48 Month Closed 4.790
60 Month Closed 5.140
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.