Best Rate Guarantee

It’s simple to lock in Cambrian’s low mortgage rates – all you have to do is apply for a new mortgage or to switch your mortgage to Cambrian.

What is our Best Rate Guarantee?

As soon as you apply for a Cambrian mortgage, we automatically lock in our current fixed mortgage rate for up to 4 months from your application date.

If mortgage rates go up during the 4 month period, you are covered because your mortgage rate is locked in.

If mortgage rates go down during the 4 month period, we will give you the lower rate.

If it takes longer than 4 months to find your new home, we will automatically give you our lowest fixed rate in the last 4 month period before your mortgage is funded.

All you need to do is apply for a new mortgage and go house hunting

Which mortgages qualify for our Best Rate Guarantee?

Our Best Rate Guarantee applies to:
- New residential mortgages
- Residential mortgages transferred to Cambrian
- Qualifying residential rental property mortgages
- Cottage mortgages

How do I get Cambrian’s Best Rate Guarantee?

Step 1:
We lock in our fixed mortgage rate as soon as you apply for a mortgage.

When you apply for a new or transfer mortgage we automatically lock in our current fixed mortgage rate for up to 4 months from your application date.

- If fixed mortgage rates go up after your application date, you don’t need to worry because you have a lower fixed rate locked in for up to 4 months.

- If fixed mortgage rates go down after your application date, when we fund your mortgage, we’ll automatically give you our lowest fixed rate for the mortgage term selected.

a) We fund your mortgage within 4 months of your application date

We’ll give you the lowest fixed mortgage rate in the period from your application date to the funding or possession date (whichever is earliest)

 

b) we fund your mortgage in more than 4 months from your application date

We’ll give you the lowest fixed mortgage rate in the 4-month period immediately preceding your funding or possession date (whichever is earliest)

Step 2:
You always get the lowest rate, no matter how long it takes you to find a home.

If it takes longer than 4 months after you apply to fund your mortgage, no problem. We will look back at our fixed mortgage rates during the last 4-month period before your possession date or mortgage funding date (whichever comes first) and automatically give you our lowest fixed mortgage rate during that period (for the mortgage term you select).

Step 3:
You don’t have to ask. We do it automatically.

All you need to do to get our Best Rate Guarantee is apply for a Cambrian mortgage.