Short-Term Rate Relief

Get up to a full year of lower payments and the chance to renew into better rates.

Now available for a 1-year conventional mortgage!

Rate Relief 3 Rates

Temporary relief from interest-rate pain.

Three short-term products are now available on True North Mortgage shelves.

Rate Relief™ is a special mortgage solution offered by in-house lender, THINK Financial. These short-term, low-fixed rates can help you catch a budget break with reduced payments for up to a year — with the hope of getting into lower market rates at renewal.

For new THINK Financial mortgages. Comes with the same flexible features as our standard, full-featured mortgages!

This rate-relief prescription is only available through True North Mortgage. To find out if our Rate Relief products are right for you — apply now or talk to an expert broker!

"If you need an insured mortgage ... in six months, you [can] renew into an adjustable-rate mortgage (ARM). It’s a decent play to take advantage of falling rates."

– Robert McLister, Globe and Mail, Dec 21, 2023

Rate Relief: 6-Month Fixed

You won't find a lower rate around: Starting from 3.99%

For new purchases and switches only. This product applies to insured and insurable mortgages, with home price tags below $1M unless your original mortgage default insurance is still valid (through CMHC, Canada Guaranty or Sagen).

Other notes:

  • You can hold this 6-month rate for 120 days (mortgage must fund within that period).
  • At the end of your term, you can renew with any standard THINK Financial mortgage rate and term.
  • To offset the very deep discount on this product, a small rate premium may be added to your best THINK rate at renewal.
  • A 1.0% non-renewal fee will apply if you decide not to stay.
  • Read here for more details.

Rate Relief: 1-Year Fixed

Lower even than some 5-year rates: Starting from 4.99%

For new purchases and switches only. This product applies to insured and insurable mortgages, with home price tags below $1M unless your original mortgage default insurance is still valid (through CMHC, Canada Guaranty or Sagen).

Other notes:

  • You can hold this 1-year rate for 120 days (mortgage must fund within that period).
  • At the end of your term, you can renew with any standard THINK Financial mortgage rate and term.
  • To offset the very deep discount on this product, a small rate premium may be added to your best THINK rate at renewal.
  • A 1.5% non-renewal fee will apply if you decide not to stay.
  • Read here for more details.

Rate Relief: 1-Year Fixed (Conventional)

The best uninsured rate around: Starting from 5.99%

For new purchases, switches, and new refinances. This product applies to conventional (uninsured) mortgages with a loan-to-value of 80% or lower, and for home price tags higher than $1M.

Other notes:

  • You can hold this 1-year rate for 120 days (mortgage must fund within that period).
  • At the end of your term, you can renew with any standard THINK Financial mortgage rate and term.
  • To offset the very deep discount on this product, a small rate premium may be added to your best THINK rate at renewal.
  • A 1.0% non-renewal fee will apply if you decide not to stay.
  • Read here for more details.

Are you experiencing new-home or budget-tightness symptoms? Rate Relief™ may be the right treatment to help with closing and moving costs, and home expenses that come up.

IMPORTANT SAFETY INFORMATION

At the end of your term, you'll have the option to renew into any standard, full-featured THINK Financial mortgage (variable or fixed-rate term) without penalty. Renewing into a standard product at current rates means your rate will be higher than it was with this product. Rate offered at renewal may carry an added premium. Tell your broker about your current mortgage details as this may impact your application.

"If you check the boxes, it may be worth [it]. That’s assuming you don’t mind trusting that Think Financial will give you a good renewal rate. That’s probably a reasonable assumption for a company that pioneered interest-rate 'buydowns.'"
– Robert McLister, The Globe and Mail

Recommended by name more than any other leading lender.*

Rate Relief™ is brought to you by the innovative minds behind one of Canada's top mortgage brokers, True North Mortgage. Obsessed with offering lower rates and better products, they'll help you save thousands with a stress-free process, with salaried brokers who care about your best mortgage experience.

Anywhere you are in Canada, give True North a shout for all your mortgage needs — online, over the phone or at one of their convenient locations.

* According to an excess of 5-star reviews from satisfied clients.

Need a rate break? Call or apply now for your best mortgage advice.