Special Rate For Large Mortgages

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 intentions to pre-pay their mortgage, however life of course gets in the way and their plans to pay down the mortgage never come to fruition. Great fixed rates for sure even though I'd still recommend the variable!I can do mortgages all through Ontario and can refer to a consultant in another province if necessary. (rates subject to change at anytime without notice). Have a great Labour Day long weekend! Whoo hooo - Kids are back to school Tuesday!!!