Find my rate Get Started

Free Rate insurance with all mortgages

Get complimentary rate insurance at no cost, keeping you ahead in the market while we do all the heavy-lifting.

Apply Now

With our Rate Insurance, we monitor your mortgage rates monthly to identify any opportunities for you to switch to a lower rate after your mortgage funds. If we find a better rate, we’ll proactively reach out with the available options.

For example, if you're currently at Prime - 0.40%, but today's market offers variable rates at Prime - 1.10%, you could potentially save thousands of dollars, depending on the remaining term of your mortgage.

Even when factoring in potential penalties, switching to the lower rate could result in significant interest savings over time.

Current mortgage

$500,000.00 mortgage balance
3 years remaining
Prime-0.35% 5 years variable
25 years amortization remaining

Saving with new mortgage

$500,000.00 mortgage balance
3 years remaining
Prime-1.10% 5 years variable
25 years remaining

Savings: Approx. $10,002.91 over the next 3 years

Even after factoring in a 3 month interest penalty to break the existing mortgage (approx. $6200), you are ahead $3800 by switching to the new, lower rate.

Rate insurance FAQ

Yes, rate insurance is a complimentary service offered anytime you obtain a mortgage through ratebuzz.

Our advisors will send you an email breaking down your interest savings and present you with the options, once we see one available.

Yes It does.

We would require a full application again to go through switching to another lender, including another credit check.