It has been all over the news, The Bank of Canada has decreased prime to 2.85%
What does this mean for you, a home owner or someone entering the mortgage market for the first time?
Currently, fixed rates are still around 2.89% on a 5 year term, these may change in the upcoming weeks. The great part about my business is I can drop your rate if the mortgage rate drops before possession.
MORTGAGE RENEWALS– If you are renewing between now and the 1st of June, contact me now to hold a rate!
NEW MORTGAGEES– Let’s hold a rate now as ceiling for your upcoming spring purchase. They always say the early bird gets the worm, in this case you may get two!
MORTGAGE REFINANCEES– This is your time folks, if you’re sitting on consumer debt, this is the time to wrap them up into one payment and save yourself a bunch of cash and undue interest.
I offer an application online or would be pleased to meet you in my office to tailor a mortgage to your personal needs.
