Firstline Mortgages
Although Firstline mortgages offers some unique mortgage products, Firstline mortgages may or may not be the ideal lender for you or your situation. Firstline mortgage rates seldom earn the top spot for being the most aggressive.
If you are interested in a First line mortgage product or would like to compare other products to Firstline mortgage rates, please call today or apply online.
Use our mortgage calculator to give you an idea of how much you can afford.
2%-4.5% Cash Back Mortgage
Firstline mortgage offers 2%-4.5% cash back mortgages. This is a great product for first time home buyers with no down payment or for savvy investors. Firstline mortgage offers this product on its 5-10 year fixed rate mortgages. Because this product is utilized by high-ratio and higher risk borrowers, the product usually carries a premium in terms of rate. The 5 year 5% Cash Back Mortgage rate is usually 1.25% or more higher then their traditional 5 year discounted rate. At these historic lows in interest rates, this is still a fantastic rate for someone who wants to buy a house with very little down payment.
For more information on how to obtain a property with ‘0%’ down, look for the article in the first time home buyers section.
Other Firstline Mortgage Products Available
- Conventional ratio mortgages only – up to 80% loan to value
- Rural mortgage
- Home equity line of credit (minimum 20% equity in home)
- Up to 35 year amortization
Firstline Mortgage Terms Available
| Fixed Rate: | 2, 3, 4, 5 , 7, 10, 15, 18 + 25 year fixed rate |
| Variable Rate: | yes |
| Convertible: | n/a |
| Closed: | 2, 3, 4, 5 , 7, 10, 15, 18 + 25 year fixed rate |
| Open: |
n/a |
First line Mortgages Payment Options
-
Weekly
-
Biweekly (accelerated)
-
Semi-monthly
-
Monthly
First line Mortgage Pre-payment Options
- Increase your payments by up to 25% over the term.
- Pre-pay up to 20% each year on the original balance of your mortgage without penalty.