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Very accurate quotes that are fast thanks guys
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May 10
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Very pleasant and helpful. No pressure there for the client
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Great help and very nice people, got everything figured out fast!
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They so friendly and informative! Keep it up
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Was great, provided a few quotes and I felt no pressure to accept any of them. I...
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This company does Follow up and Follow…
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Quick to respond and very competitive rates offered.
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Awesome service easy to deal with fast…
Awesome service easy to deal with fast and friendly
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April 12
very fast service
very fast service, polite, efficient
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April 11
yes it was quick and easy
yes it was quick and easy, like 100%
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I spoke with Barb and she was very…
I spoke with Barb and she was very polite knowledgeable and friendly and profess...
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April 4
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Its a good experience.
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March 20
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Amir Isakovic
March 15
Very good.
Very good, and the Rates you have stated is great. Please wait till I see the ba...
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Good customer service
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fast and easy
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October 15
Great service and very helpful :) would…
Great service and very helpful :) would definitely recommend
Emily Peacock
October 14
It's great
It's great, found the best rates.
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October 14
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Fast and pleasant experience. Saved a lot of money too!
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Margaret Markson
September 30
LowestRates.ca is the best out there
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Maria M. T.
August 31
very quick and reliable rates
very quick and reliable rates
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4-year fixed-rate mortgages in Canada: what you need to know.

Are you the type of person who prefers to know exactly what your mortgage payment will be for the next 48 months? Do you also like the idea of being able to renew your mortgage in less than five years because you believe that interest rates will remain low?

If so, then a 4-year fixed rate mortgage may be the ideal solution for you.

Most Canadian consumers choose 3 or 5-year mortgages. Because of this, there are the mortgage terms LowestRates.ca can compare in our digital marketplace.

However, we can still help you get a 4 year fixed-rate mortgage. LowestRates.ca will connect you to a broker who can compare 4-year fixed rate mortgages from multiple Canadian lenders with you.

To get connected with a broker, we recommend applying for either a 3 or 5-year mortgage on our site. Just indicate whether you’re renewing, refinancing or taking out a brand-new mortgage. Next, click the pink "Get Started" button. In three minutes or less, we’ll connect you with a bank or broker who can run a 4-year fixed mortgage rates comparison.

Many mortgage-seekers have questions like, "What is the best 4 year fixed rate mortgage?" and "What is the lowest 4-year fixed rate mortgage?" Keep scrolling to learn the answers to these questions and more.

Find the best and lowest 4-year fixed mortgage rates in Canada today with help from LowestRates.ca.

Your questions about 4-year fixed-rate mortgages, answered.

When should you consider a 4-year fixed-rate loan?

A 4-year fixed-rate mortgage loan is a very specific mortgage product. It’s not very common in Canada; most people choose a 5-year fixed rate. Because five-year terms are more popular, you might find a better deal by choosing a 5-year fixed rate. They’re both similar in terms of length (they’re medium-term mortgage lengths) and they often have very comparable rates. A four-year term is probably the right option for someone who has exactly four years left on their mortgage. 

Are 4-year fixed-rate mortgages better than other mortgage terms?

The best mortgage is one that fits a borrower’s individual needs. So, four-year mortgage terms aren’t necessarily better or worse than other mortgages. The best strategy is to find the perfect mix of mortgage term, rate, and features that fit your specific needs. That’s why it’s a great idea to compare mortgages and figure out what you value most in a mortgage. Comparing rates from different lenders on LowestRates.ca can help you figure that out, so you can make the best decision for your short- and long-term financial future.

What is a good 4-year fixed mortgage rate?

A good mortgage rate is all about perspective. Since mortgage rates are constantly changing, what is considered good today might not be considered good tomorrow, or vice versa. Additionally, a good rate is in the eye of the beholder. Lenders use a number of factors to determine what rates to offer borrowers. To ensure you qualify for the best rate possible, you’ll want to have a good credit score, a sufficient down payment, good credit and debt history, a decent income and stable employment history.

How is the 4-year fixed mortgage rate set?

Fixed rates are heavily influenced by Government of Canada bonds. Bonds are a safe investment type offered by banks that pay investors a set amount of money over time, until the end of the investment term when the principal investment is returned. Because of the safety of bonds, banks will use those profits to help fund their mortgages. Bond yields and fixed mortgage rates are related — when bond yields rise, fixed mortgage rates tend to rise as well.

How much can you save comparing 4-year fixed rates in Canada with LowestRates.ca?

To date, LowestRates.ca has helped our users save $1 billion in interest and fees. Even a decimal point in savings can save a mortgage borrower hundreds, or even thousands of dollars, a year. That’s why it’s important to compare mortgage rates to help you find the best deals available. It can save you tens of thousands of dollars over the lifetime of your mortgage.

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