prime




Our Rates & Promotions


Frontline rates include up to $2,000 cashback!*



Rates


Rates effective as of February 29, 2024 @ 12:01 am ET | Bank of Canada Benchmark Rate - 5.25% | RFA Prime Rate - 7.20% | Teal Indicates Recent Change


Term Insured Insurable Uninsurable Uninsurable
Plus
*Compensation *Transfer Comp Promo
≤ 65% 65.01 to 70% 70.01 to 75% 75.01 to 80% ≤ 80%
Promotions
NEW! Off-sheet promotion now available. Talk to your RVP.
5 Year ARM Promo P-0.90% P-0.90% P-0.75% P-0.60% P-0.60% - - 130 bps + VB* -
5 Year Fixed Promo 4.99% 4.99% 5.09% 5.14% 5.24% 6.49% 6.09% 115 bps* 130 bps*
4 Year Fixed Promo 5.39% 5.39% 5.64% 5.64% 5.64% - - 100 bps 110 bps
3 Year Fixed Promo 5.49% 5.49% 5.64% 5.79% 5.79% - - 90 bps 100 bps
Standard Rates
Frontline Program 4.89% 4.89% 4.99% 5.04% 5.14% - - 80 bps -
5 Year ARM P-0.90% P-0.90% P-0.75% P-0.60% P-0.60% P+0.00% P+0.00% 115 bps*
5 Year Fixed 4.99% 4.99% 5.09% 5.14% 5.24% 6.49% 6.09% 115 bps*
5 Year Fixed Rental - 5.29% 5.39% 5.44% 5.54% 6.79% - 115 bps*
4 Year Fixed 5.59% 5.59% 5.84% 5.84% 5.84% - - 50 bps
3 Year Fixed 5.84% 5.84% 6.14% 6.14% 6.14% - - 50 bps
2 Year Fixed 7.14% 7.14% 7.14% 7.14% 7.14% - - 50 bps
1 Year Fixed 7.44% 7.44% 7.44% 7.44% 7.44% - - 40 bps


Promotions


Frontline Cashback
Loan Amount $150,000 - $299,999 $300,000 - $499,999 $500,000 - $749,999 $750,000 +
Cashback $500 $750 $1,000 $2,000

Rate Criteria

*Insider Compensation: Insiders can earn an additional 10 bps Volume Bonus for achieving their annual target.
Rate holds: All rates are 120 Day Rate Holds unless otherwise indicated. No pre-approvals.
Float down: No float downs to promotional rates.
Insurable & Uninsurable + mortgages only: Primary Beacon Scores <680 add 20 bps
Uninsurable mortgages only: Purchase/transfer – Primary Beacon Scores must be ≥ 650
Refinance Owner Occupied: Primary Beacon Scores must be ≥ 680
Refinance Rental: Primary Beacon Score must be ≥ 700
Frontline Program: Additional criteria applies, owner-occupied only, use promo code "frontline"
in your deal notes (rfa.ca/frontline or talk to your RVP for more info)
Max Buydown: may vary by term, contact your RVP or Underwriter for more detail.
Transfers: Not eligible for terms < 3 years.
Second Homes: Not eligible for terms < 3 years.
Promotions: New business (no term switches), owner-occupied, insured/insurable deals only. Cannot be combined with Frontline or any other promo offer(s).
Interest rates, terms and products are subject to change at any time without notice.

For all rate and payout inquires pertaining to existing clients, please visit rfa.ca/customerservice.



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Approved Appraiser List


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Download our Standard Prime Appraisal Guidelines.

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Calculators


Calculators are for demonstration purposes only. Payment amounts are based on the information you provide and are for illustrative purposes only. Actual mortgage rates may fluctuate and are subject to change at any time without notice. To obtain the amount of the exact prepayment charge and prepayment privileges, which may be applicable, please contact Customer Service.



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FSRA 12980