News from Canada's Mortgage Experts
Category: Current Rates
New 5 Year Fixed Rate
Monday, May 4, 2009
Posted by: The Mysterious Monster
On Friday, one of our many lenders announced that they will be offering a new five year fixed mortgage product at 3.59% -- you may have seen this on our rate board already.
Like all mortgage products, it is important to understand the terms and conditions because a mortgage is more than just a good rate. This particular mortgage product happens to be really good for first time home buyers that CANNOT take advantage of lump sum payment amounts.
Some of the features (the ones that typically go unused on a full featured mortgage) have been removed to provide the low rate. So, if you are looking for a great fixed rate mortgage that will take you into 2014 APPLY NOW to learn all of the features and benefits of this product.
