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Excellent
Based on 505 reviews
September 22
Was pleasantly surprised by the prompt…
Was pleasantly surprised by the prompt response to my enquiry online. Hope it's ...
Mishu K
August 5
Received a call before I was even…
Received a call before I was even finished submitting information. Super fast se...
Robert Chiasson
August 4
Great service!
Great service!
Linda RitaOlivier
August 3
They respond very quickly
They respond very quickly. They are very understandable. The representative I sp...
Nuwara47
August 2
Quick efficient and very helpful 👌
Quick efficient and very helpful 👌
Khalilulla Razzaque
August 2
dick
Web page was quick and easy to use
Richard
July 30
Good experience was pretty quick
Good experience was pretty quick
Grant W.Murray
July 29
The agent was friendly
The agent was friendly, helpful and polite. All in all a good experience.
KaneezAla
July 29
Extremely simple
Extremely simple, and fast process.
JaniceGiannitti
July 26
excellent
excellent, professional service
SabinBaidoc
July 23
Very kind and helpful
Very kind and helpful
April Shannon
July 22
Easy to find easy to use website which…
Easy to find easy to use website which provided me with options.
Randall McLellan
July 22
Excellent service
Excellent service
Sven Zorz
July 21
They were great
They were great
ChristinaLain
July 21
Excellent pricing
Excellent pricing
pankaj joshi
June 27
I asked for the best mortgage rate & I got my answer
I asked for the best mortgage rate to the application detail I sent & I got a s...
Issa Horani
March 20
Real options to save
Lowest Rates. CA has been extremely helpful I've gone through my ups and downs b...
Amir Isakovic
March 15
Very good.
Very good, and the Rates you have stated is great. Please wait till I see the ba...
Ian Stevens
March 10
Good customer service
Good customer service
Lina Bella
March 3
Great team and amazing communication…
Great team and amazing communication skills. Very straight forward to get an est...
Andre F MPereira
January 8
fast and easy
fast and easy
moira fortin
November 4
It was a good experience
It was a good experience
BRIAN FEX
October 26
Easy to use
Easy to use, easy to find the result that you're looking for! 5 star coverage!
KS
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.
Chirath Ranaweera
October 14
Fast and pleasant experience
Fast and pleasant experience. Saved a lot of money too!
stephenblaszko
October 14
Fast response
Fast response
AnarieD'Agostino
October 13
From the online process to the first…
From the online process to the first contact speaking to a rep it’s was a good...
Rose Daniel
October 13
A very pleasant contact
A very pleasant contact, without rep talking over my head., It was very infor...
Margaret Markson

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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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