Best 5 Year Fixed Rate 3.99%*
LIMITED TIME- valid for insured purchases and transfer only, closing within 120 days.
Lending in ONTARIO only.
Call Now! 613-720-5348 Chris Faubert
Ottawa Mortgage Broker team offering the BEST mortgage rates and products in town.
Give us a call today at 613-222-2624!
Mortgage Rates
Best Mortgage Rates as of May 27, 2025
| Term | Our Best Rates |
|---|---|
| Â | Â |
| 1 Year Closed | 4.69 % 120 day (insured and up to 65% LTV) |
| 2 Year Closed | 4.24 % 120 day (insured and up to 65% LTV) |
| 3 Year Closed | 3.89 % 120 day (insured) |
| 4 Year Closed | 4.09 % 120 day (insured) |
| 5 Year Closed | 3.99 % 120 day (insured) |
| 7 Year Closed | 4.54 % 120 day (insured/insurable/uninsurable) |
| 10 Year Closed | 4.99 % 120 day (insured/insurable/uninsurable) |
| 5 Year Closed Variable | 4.04 % 90 day (Prime -0.91, Insured) |
*The above rates are available to credit qualified borrowers. Rates are subject to change.
Note: when qualifying for a mortgage, due to new government regulations, you must now "qualify" using a government benchmark rate of 5.25% OR your contract rate plus 2%, whichever is greater. This is regardless of what mortgage term you are taking, and or what the actual contract rate you are getting from the lender. We call this the "Stress Test Rate".
Bank of Canada Prime Rate: 4.95%.
SPECIALS
- Insured purchase: Best 5 yr fixed rate is 3.99%. 120 day rate hold.
- Insurable purchase up to 80% LTV: Best 5 yr fixed rate is 4.14%. 120 day rate hold.
- Refinance or 30 year amortization: Best 5 yr fixed rate as low as 4.09% and 30-120 day rate hold(depending on rate).
- Rental property: Best 5 yr fixed rate as low as 4.49%, 80% loan-to-value. 120 day rate hold.
- 5 yr VARIABLE, 4.04%(Prime -0.91) for insured & up to 65% LTV purchase or transfer. 120 day rate hold.
- 3 yr VARIABLE, 4.15%(prime -.80) for an insured purchase only. 60 day rate hold.
- Pre-approval(insured, less than 20% down): 5 yr fixed 4.39%. 120 day rate hold.
- Pre-approval(insurable, 20% or more down): 5 yr fixed 4.44%. 120 day rate hold.
**Minimum mortgage amount $500,000 and credit score of 820+.
Mortgage rates can be held for up to 120 days, depending on the lender being used, and rate promotion. If rates drop, your rate will be lowered up to two days prior to closing. If rates increase, no worries, your rate is guaranteed to be no higher than original approved rate.
Individuals that do not qualify normally may still be financed, but must call for a quote on rate and fees based on their particular circumstance.
Get the Straight Talk on Mortgages
“I believe the more you know and understand about mortgages, the less worry you will have.”
Dan Faubert
Clients Say the Nicest Things
Adam Ward
14:09 05 Jan 23
As first time home buyers, Dan was really patient with us, answering all our questions and taking a lot fear out of the process.
Daniel Tamburri
18:04 26 Oct 22
Dan provided us with excellent service throughout. He was extremely helpful, knowledgeable and courteous and also prompt and professional. Would highly recommend.
Rob Gubiani
17:34 11 Oct 22
Chris showed proffessionalism, deep knowledge of the market and had an easy going and friendly disposition. He showed patience and answered all of my questions regarding my mortgage situation. On top of that he provided multiple options for me to ponder and he carefully discussed them through to ensure that I was aware of all the factors I needed to consider. I cannot rate Chris highly enough and would recommend him and the team to anyone.
Ben Wintle
14:43 22 Aug 22
A good person.Dan helped my family and I with a difficult situation because in his own words "it was the right thing to do". We didn't know each other at all when I first called him. A true Gentleman, who knows the Real Estate business inside out. Is 6 stars possible?
Emma Rose Lalande
20:07 03 Aug 22
I had a wonderful experience dealing with Dan. He made this process smooth and stress free and was always kind and respectful during our interactions. I appreciated his knowledgeability and the fact that he was patient and always available any time I called or emailed him. Would highly recommend using him for your mortgage needs!
HoĂ ng DĹ©ng
17:36 11 Apr 22
Amazing service, very knowledgeable and efficient professional. We worked with Dan to get a mortgage around Feb 2022. As the housing market was red hot at that time, we need to opted for an unconditional offer - with all of its serious consequences if the a mortgage cannot be finalized/approved. Dan got us a pre-approval, then communicated with us since day 1 about the risk, asked us to prepared all necessary documents .He was also in the loop with our realtor and lawyer to make sure everything was in place for the mortgage to be approved after we won the bidding. Will highly recommend Dan's service.
Daniel Fernandez
17:20 16 Mar 22
My partner and I began looking into renewing our mortgage in the fall. We reached out to a bunch of different brokers (probably 12 in total). As a teacher, I don't always have the energy to respond to things unrelated to my job. Dan continued to reach out and when I did reply, he was fully understanding and followed my pace. Then, as we got into it, he explained everything so fully and made sure we were fully taken care of so that we had no stress going through the, at times, complicated process. Dan is fantastic and he will be the only broker with whom we will work going forward. Thanks so much for everything!
Diana Todorova
12:09 11 Mar 22
We used Dan's services for our initial mortgage and had no doubt that we would reach him again when it's time to renew. The renewal is a fact now and everything went great. 100% professional, knowledgeable and always ready to help with information and advice. Thank you Dan!
R
16:22 24 Feb 22
We recently renewed our mortgage and went with Dan. He also helped us when we setup our initial mortgage and both times have been very easy and not difficult to manage. Dan walked us through every step and answered all of our questions without any delays and kept us updated throughout the process. I would highly recommend anyone who is looking for questions about mortgages to talk to Dan as he truly wants to help people with this big endeavor.
Liane Miller
13:42 21 Feb 22
With Dan's expertise and guidance we were able to get a great mortgage. He is extremely knowledgeable and is always available to answer any questions. Thank you Dan for making our purchase so easy and stress free.
Tamara MK
18:55 27 Jan 22
2021/2022 - I have to reiterate how amazing Dan is to work with. We went back to him when it was time to renew our mortgage and he again found us the best rate. He is a wealth of knowledge and is always available to answer questions. I would unequivocally recommend his services.2016 - Dan was absolutely amazing in helping my husband and I navigate the process of obtaining our first mortgage. He was able to find us the best rate and confirm it in writing which we found many lenders were unwilling to do. He also kept us updated with the best mortgage rates throughout our house search. We were extremely grateful for Dan's help and found that his blogs on mortgages gave us a clearer picture of the mortgage market. We would both strongly recommend Dan's services.
Emily Bryce Carswell
22:04 16 Dec 21
Dan was extremely helpful and addressed every question we had during the mortgage process. As a new home buyer it was important to have someone that was responsive and helped us find a great rate! Thanks Dan!
Candice Chiu
17:12 09 Dec 21
I highly recommend Dan. He just did my last mortgage for me, it was an extremely stressful time. He was very responsive and communicated well. As a seasoned home buyer and seller my expectations are very high, Dan definitely exceeded them! I trusted him completely.
ISABEL BERNAL
21:51 29 Oct 21
Dan is the BEST , this is our 5th house with Dan and we most say he is just always on top of things. Specially this year with all the inconveniences but, he did not drop the ball at all, always updating and remind us on what was next. We received our house last month and we are so happy. If you are getting a mortgage call Dan Faubert, truly the very BEST.
Christiane Lalonde
17:48 01 Oct 21
Dan was absolutely fantastic and I would recommend him to anyone who is looking for a broker. Throughout the process, he was always available to answer our questions and he was very transparent about every step we had to take. There were no surprises which we appreciated very much. Thank you Dan for all your help and guidance, 10 on 10 would recommend 🙂
Wade “FWalsh63” Wilson
15:08 30 Sep 21
Dan made the mortgage process quick and painless for us. He was able to find us a great rate that met all of our needs. He also did a great job of addressing any questions or concerns that we had during the home buying process. Dan has my seal of approval and anyone would be lucky to have his assistance throughout the mortgage process.
Alec L
11:35 05 Mar 20
When my wife I were searching for our first home, our agent recommended using Dan Faubert as our mortgage broker. Dan got us a great rate from Alterna for first-time home buyers. Now, five years later, we've decided to buy our second home and, once again, contacted Dan to help with the process of acquiring another mortgage. Dan takes what might otherwise be a stressful and time consuming process and makes it seamless and stress-free. He deftly handles any problems or concerns that arise, and always works with his client's best interests at heart. Our listing agent described Dan as a "miracle worker." Having worked with Dan twice now, my wife and I heartily agree with this characterization. Any first-time home buyer ought to jettison the idea of doing this alone, unaided by the sound judgment of a professional broker who understands the inner workings of the mortgage industry. Contact Dan and Chris Faubert. You won't be disappointed.
Wen Q
19:12 20 Feb 20
My best friend recommended Dan five years ago when my husband and I bought our house for the first time. Dan helped us got good mortgage rate and really took his time to explain to us all the questions we had as first time home buyers. Five years later(Oct 2019), we needed mortgage renew, he locked down a good rate for us a few months ahead. He did not stop there but kept checking lower rate and constantly updating better rate to us. He would call us multiple times, even in the evenings to tell us to lock down a newer better rate with another company. This means he has to do way more paper work. HE IS JUST THAT FANTASTIC!!!!
Anton Karpus
14:18 29 Jan 20
I was referred to Dan by a close friend of mine who just bought his first home. I too, was buying my first home and Dan made the process very smooth. He kept me in the loop on everything and was very diligent in getting me the best rate, as well as being constantly available by phone, text and email. I have referred Dan to other friends and coworkers and highly recommend him if you are buying a home and need a broker who will go to bat for you.
Harsha Bhatnagar
15:26 10 Jan 20
We were referred to Dan by a friend and we are very happy we arranged our mortgage through him. He was transparent, his responses were swift, and he made sure he addressed our needs and concerns. Everything has handled professionally and he was very easy to reach. We couldn't be happier and would not think twice about recommending him to anyone who needs help with their mortgage.
Ion G.
16:03 05 Jan 20
Dan and Chris provided fantastic advice and worked relentlessly to help us close our mortgage on an owned occupied rental property which we were interested in purchasing. Given the size of the property this presented a few challenges, but Dan did his utmost to make it a smooth process and get it done. The level of service was above and beyond our expectations and they helped us navigate all the issues that came up, from unresponsive third parties to demanding lenders and to obtain a great rate as well. If you want a great service and a very high likelihood to obtain financing, you cannot go wrong. I fully recommend Ottawa Mortgage Broker without hesitation for all your mortgage financing needs!
Stephanie Poulin
16:02 04 Jan 20
Dan has helped us several times over the last 7 years, and we will never go elsewhere. We avoided all of those long, drawn out appointments sitting at the bank because of his accommodating style. Having the option to share and sign documents electronically for our real estate deals was such a time saver when in the middle of an already busy and stressful time. Dan is hands down a 5 out of 5 stars mortgage broker. In addition to being incredibly knowledgeable, efficient and honest, he is patient and takes the time to answer any questions (even multiple times if necessary :)). We highly recommend his services!
Inia Ghinda
06:01 04 Jan 20
We were in need once for a mortgage in very strict time limit. The situation wasn't very clear to us and appreciated a lot that Dan took a lot of his time to honestly present us all the aspects of the deal so that we clearly understand what any decision will imply. Therefore, even though taking a mortgage wasn't an option at that moment we were sure that we can count on Dan's advice. When the next opportunity came up we asked Dan without any hesitation and he promptly arranged all that was needed so that the deal be done perfectly. We certainly recommend him to anyone without any hesitation.
Get Pre-Approved for a Mortgage
Dan Faubert is an Ottawa Mortgage Broker who will help reduce the stress of buying your home with a pre-approved mortgage and allow you to purchase your property knowing everything is organized.
Renew Your Mortgage
When your mortgage is due for renewal, give us a call. We can assist you with the renewal and ensure you are getting the BEST rate possible. There are many ways to save money, so don’t just renew with your bank.
Remortgage or Refinance
Are you interested in a home renovation, debt consolidation?
Unlock your equity with an amazing loan program and a simple application and approval process.
Mortgage Money Blog
New Mortgage Regulation Changes Have Taken Effect: What You Need to Know
Effective as of December 2024, the Canadian government has implemented a few significant changes to the mortgage regulations that are designed to provide more flexibility and accessibility for first-time home buyers and those with less than 20% down payment. Let’s...
Your Credit- How do you score?
With all the recent mortgage changes, your credit score is more important now than ever. Most Lenders rely on the “Equifax” score. Equifax calculates a credit “risk” score out of a maximum score of 900. A score of 700 or higher is considered an excellent score and...
ID Required For Mortgage Financing
We have had a few occasions already this summer where clients have been unaware of Identification requirements for a home purchase, switch of a mortgage up for renewal, or a refinance of an existing home. There is nothing worse than finding out on your closing day...