5 year fixed rates are back below 4%. With most banks sitting around the 3.79% mark for the 5 year fixed term, there are some lenders out there offering as low as 3.59%.
Again make sure you hear about all the restrictions on the very low rates as most of these are tied to a ‘No Frills’ mortgage. With these you are not allowed lump sum payments, they are not portable, and there are other restrictions.
Make sure you get a mortgage that suits YOUR lifestyle!
Don’t just get a mortgage, KNOW your mortgage.
For more mortgage information or to apply online visit my webpage http://www.scottbourke.ca/how-to-apply-mortgage
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Thanks For Reading
Scott Bourke, AMP
Dominion Lending Centres Regional Mortgage Group