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Prospera has fixed rate, variable rate and special insured mortgages.
Personal borrowing

Compare mortgages

Choosing a mortgage is a lot easier than finding your dream home. Seriously. Let’s walk you through it. 
We know the numbers matter. No matter what mortgage you choose you can make your decision with confidence knowing we'll guide you through the process every step of the way to find you the best rate for your dream home.

Check out our featured mortgage rates

3-year fixed rate mortgage

(closed)

5.44%
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5-year fixed rate mortgage

(insured)

4.84%
Claim this rate

5-year variable rate mortgage

(insured)

6.25%
Claim this rate

Fixed rate vs. variable rate mortgages

Fixed rate mortgage

No surprises

Fixed rate mortgages are predictable with no surprises.

Whoever said predictability is boring does not appreciate the benefits of a fixed rate mortgage.


Features
  • Choose a term from 1 year to 10 years
  • Open or closed options for 1-year terms
  • Your rate stays the same for your entire mortgage term
  • Low payments with up to 30-year amortization

Learn more

Get pre-approved online
Variable rate mortgage

Lower rates

Variable rate mortgages offer lower but changing rates.

Take advantage of declining interest rates with a variable rate mortgage. And if rates start to rise, you can lock in any time.


Features
  • 5-year closed term
  • Your mortgage rate moves with the prime rate
  • Payments stay the same even if interest rates change
  • Pay more principal when interest rates are low

Learn more

Get pre-approved online
 

How can our mortgage experts help you?

Home

Buy a home

From your first apartment to your dream home, we're here to support you throughout the entire process

Learn more

Home

Switch my mortgage

Explore why local banking means more, even for your mortgage, with a range of options to suit your needs

Learn more

Home

Renew my mortgage

Start the renewal conversation now to lock in rates and find the mortgage made for you

Learn more

 
 

No matter which mortgage you choose, you always get:

  • A 3-month rate guarantee: That means even if something changes in the market and rates rise before your mortgage is processed, your rate is honoured
  • Flexible payment schedules: Monthly? Bi-weekly? Weekly? We’ve got options to ensure your payment frequency fits your budget and goals
  • Portability**: Moving? Easily transfer your mortgage to a new property when you move
  • Options to sell**: You can sell your low interest rate mortgage with the sale of your house as an added incentive for potential buyers


Talk to a mortgage expert about your optionsGet pre-approved online

 
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Work with us to get a mortgage for your dream home.

Are you in the market for a mortgage? Apply online with ease and see what rates we can get for you.


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We can’t wait to see you

Book a virtual or in-person appointment at your local Prospera

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1 888 884 4430


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Begin your mortgage application from the comfort of home

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