large mortgages: Special Rate For Large Mortgages - 08/30/08 07:44 AM
For those looking to purchase a home or re-finance their current mortgage in Canada and will have a balance of over $500,000, you will qualify for a special 5 year fixed rate of 5.04% (full 20/20 pre-payment privileges allowed) - but only until Nov. 30th.  For anyone looking for a mortgage that's less than $500,000 and wants a fixed rate, you might want to consider the "No Frills" mortgage. The lender can afford to give the better rate as it somewhat limits the pre-payment penalties (no lump sums allowed, only 10% increase to payment each year). Most people do have god … (0 comments)

 

Sean Binkley

Kingston, ON

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Your Home Team Mortgage & Borrowing Solutions

Address: 815 Blackburn Mews, Kingston, Ontario, K7P2N6

Office Phone: (613) 531-4663 x 22

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Just my 2 cents on current mortgage issues facing Canadian Consumers and the Mortgage Brokering Community as a whole


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