Mortgage Corner

Term Fixed Closed Rate 6 months 3.95% 1 Year 2.79% 2 Year 2.34% 3 Year 2.49% 4 Year 2.59% 5 Year 2.69% or 2.59%* 7 Year 3.29% 10 Year 3.89% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines =…

Over the past number of years banks have come up with a rather confusing set of payment frequency options that have left some mortgage clients a bit disappointed 5 years down the road. Rather than the Amortization crushing ‘Accelerated bi-weekly’ plan which a quality Mortgage Broker will discuss with you, clients left to their own…

Term Fixed Closed Rate 6 months 3.95% 1 Year 2.79% 2 Year 2.34% 3 Year 2.59% 4 Year 2.74% 5 Year 2.74% or 2.59%* 7 Year 3.29% 10 Year 3.89% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines =…

Having a good credit rating is absolutely critical in modern society – a low credit rating can cost you tens of thousands of dollars, or obstruct you from obtaining credit altogether.  If you have poor credit IT IS possible to rebuild it, but you will need to be committed to a good plan.  It will…

Term Fixed Closed Rate 6 months 3.95% 1 Year 2.79% 2 Year 2.34% 3 Year 2.59% 4 Year 2.77% 5 Year 2.79% 7 Year 3.29% 10 Year 3.89% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines = Prime  …

Term Fixed Closed Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.34% 3 Year 2.69% 4 Year 2.77% 5 Year 2.79% 7 Year 3.49% 10 Year 3.99% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines = Prime  …

Term Fixed Closed Rate 6 months    3.95% 1 Year 2.89% 2 Year 2.59% 3 Year 2.69% 4 Year 2.89% 5 Year 2.79% 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% Secured Credit Lines = Prime plus…

There are numerous reasons why homeowners choose to refinance their mortgages – everything from debt consolidation to freeing up money for their child’s education to using their home equity to buy another property. But the most popular reason for refinancing at this time of year is for holiday gift buying and entertainment. Planning ahead really…

Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.34% 3 Year 2.79% 4 Year 2.77% 5 Year 2.79%* or 2.89%** 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% * = CHMC Insured ** = Conventional…

Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.34% 3 Year 2.79% 4 Year 2.77% 5 Year 2.84% 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence