Go Variable at P-.50% (1.75%)
With the days of fixed rates in the 3's% over, many people are now opting for variable rate mortgages again. In fact, as of today, we recommend going with variable again. Keep in mind this is not for the faint of heart, and if you won't be able to sleep at night (worrying that your rate will go up) then it's probably not worth your stress. However, we do believe this to be the best choice and a good chance to save several thousand dollars over the next few years.
Here's our best options as of today:
P-.50 or 1.75% (3 or 5 year term)
5 Year Fixed - from 4.19% - 4.59% (range) depending on the lender.
3 Year Fixed - 3.29 - 3.60% (depending on lender.
Keep in mind that it is much easier to qualify for a 5 year fixed (insured mortgage) now so many people will have no other choice but to go fixed.
Lenders are all very busy at the moment thanks to a very HOT spring market. Keep in mind our service levels are a little slower than usual. If you'd like to take advantage of a great rate please fill out the online application.
Here's our best options as of today:
P-.50 or 1.75% (3 or 5 year term)
5 Year Fixed - from 4.19% - 4.59% (range) depending on the lender.
3 Year Fixed - 3.29 - 3.60% (depending on lender.
Keep in mind that it is much easier to qualify for a 5 year fixed (insured mortgage) now so many people will have no other choice but to go fixed.
Lenders are all very busy at the moment thanks to a very HOT spring market. Keep in mind our service levels are a little slower than usual. If you'd like to take advantage of a great rate please fill out the online application.