Best 5 Year Fixed Rate 2.09%

LIMITED TIME- Insured Purchase only closing within 120 days. 2.19% for a purchase with 20% down payment.

Call Now! 613-222-2624

Ottawa Mortgage Broker 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 Oct 22nd, 2021*

Term Our Best Rates
6 Months 3.04 % 120 day closing
1 Year Closed 2.29 % 120 day (insured)
2 Year Closed 2.29 % 120 day (insured)
3 Year Closed 2.19 % 120 day (insured)
4 Year Closed 2.29 % 120 day (insured)
5 Year Closed 2.09 % 120 day (insured)* see specials
7 Year Closed 2.59 % 120 day (insured)
10 Year Closed 2.94 % 120 day (insured)
Closed Variable 1.35%% (Prime -1.10 Insured 120 day rate hold)

*The above rates are available to credit qualified borrowers.

  • Best 5 yr fixed rate for refinancing or a purchase with a 30 yr ammortization is 2.24%, max 80% LTV.
  • Best 5 yr fixed rate for a purchase with 20% down payment is 2.19%.
  • Best 5 yr fixed rate for a rental property is 2.64%, for max 75% LTV, 2.89% 80% max loan to value.
    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%. This is regardless of what mortgage term you are taking, and or what the actual contract rate you are getting from the lender.

Bank Prime Lending Rate today is 2.45%


  • 5 yr fixed 2.09%, insured(LESS than 20% down payment) or 2.19% insurable(must have 20% down or more) purchase only, must have complete docs (down payment, income and offer to purchase, property listing), closing within 120 days.
  • 5yr VARIABLE, 1.35%(Prime -1.10) for an insured purchase only, closing within 90 days.
  • Pre-approvals- 120 day rate guarantee- 5 yr 2.44% (insured)
  • Pre-approvals- 120 day rate guarantee- 5 yr fixed 2.49 (more than 20% down payment)

Mortgage rates can be held for 4 months, depending on the lender being used. 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 originally set.

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

Ottawa Mortgage Broker - Dan Faubert
Based on 75 reviews
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Alec L
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 more
Wen Q
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!!!!read more
Anton Karpus
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 more
Harsha Bhatnagar
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 more
Ion G.
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!read more
Stephanie Poulin
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!read more
Inia Ghinda
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 more
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