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Viesearch·
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@torontomortgagerateseditor·
Building a Home is a Complex Process; Your Mortgage Shouldn't Be.
In the event that home completion takes more than 90 days, rate caps are available for up to 12 months, depending on mortgage type and location. A rate cap locks in the maximum interest rate a client will receive for their mortgage, based on the rates at the time of application. Rate caps are available on both Progress Draw and Completion Mortgages. All mortgages are subject to eligibility requirements and will vary by lender.