Smith Pearsoll - Mortgage-Smith

10/15/2026

Paying less mortgage interest starts with a plan. 🏡

5 smart ways Ontario homeowners can save:

1. Choose accelerated biweekly payments.
2. Increase regular payments when affordable.
3. Make permitted lump-sum payments toward principal.
4. Compare renewal offers, fees and switching costs.
5. If rates drop at renewal, consider keeping payments the same.

💰 What could an extra $200/month save?

On a $500,000 mortgage over 25 years at 5.00%:

✅ Mortgage paid off 35 months sooner
✅ Approximately $50,000 saved in interest

Illustration assumes a constant 5% rate, monthly payments, semi-annual compounding and an extra $200/month from the start. Actual results depend on rates and mortgage terms. Fees, penalties, taxes and insurance excluded.

Always check your mortgage’s prepayment privileges.

📩 Want to see your potential savings? Message “SAVE” to Mortgage-Smith.

🌐 mortgage-smith.ca

Smith Pearsoll | Mortgage Agent – Level 1
Tribe Financial Group | FSRA 12782

General education. Based on FCAC guidance, October 2026.

10/14/2026

RATE WATCH: TD sees the Bank of Canada holding at 2.25% through 2028, while BMO expects no changes through 2027. The other big banks forecast hikes. See how their calls compare in our updated chart...

https://okt.to/sLe9AQ

10/14/2026

Ontario homebuyers and homeowners: understanding your mortgage rate starts with knowing what the numbers mean.

The Bank of Canada sets the policy rate. Your lender sets its prime rate and the mortgage rate it offers you.

FIXED: Your interest rate stays the same during your term.
VARIABLE: Your rate follows your lender’s prime. Depending on the product, your payment may change or the amount going toward interest and principal may change.

What does that mean in dollars? On a $500,000 mortgage over 25 years, an illustrative fixed rate of 4.00% means about $2,630/month. At 4.50%, it’s about $2,767/month—a difference of roughly $137.

Compare the rate alongside fees, penalties, extra-payment options and your plans for the home.

Swipe through for current bank examples and a clearer picture of your options.

Buying or renewing in Ontario? Message Mortgage-Smith to start the conversation.
mortgage-smith.ca

Rates checked October 14, 2026; subject to change. RBC examples are selected purchase/switch offers with amortization of 25 years or less; eligibility and conditions apply. Educational content, not a personalized quote. Payment illustration uses semi-annual compounding and monthly principal-and-interest payments; excludes taxes, insurance and fees.

Smith Pearsoll | Mortgage Agent – Level 1
Tribe Financial Group | FSRA Brokerage Licence no:12782

10/09/2026

Mortgage Approvals Require More Than A Good Honk.

08/27/2026

A lot can happen in 90 days.

A rate hold gives you protection if rates rise — and options if they fall.

Just don’t wait until you hear the whistle.

08/15/2026

The Runnymede Theatre in Bloor West Village in 1989. credit: City of Toronto Archives.

08/02/2026

Nothing makes you appreciate home equity quite like a long weekend.

07/17/2026

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07/17/2026

06/15/2026

Every championship starts with a dream.

Whether it's your first goal or your forever home, I'm here to help you make your move with confidence.