Back to Blog
24 Jan

IS IT TIME TO ‘LOCK IN’ FOR SAFETY?

General

Posted by: Tracy Luciani Price

 

Folks, whether you plan to buy, refinance or renew soon, there probably will be no better time than now to take/switch to a long term fixed rate mortgage. Even if you will be renewing later this year (or next) you owe it to yourself to check out what options are available now. We could be talking about saving tens of thousands of dollars.

With 4 year fixed at 2.99%(4.79), 5 year 3.15% (5.29) the spread with variable is virtually non existent. Take a 7 year at 3.99% (6.35) or 10 year at 3.89% (6.75) and you will be smiling. Now you have a much greater ability to pay down your mortgage more quickly and keep your payments ultra low for up to 10 years. Wow! Rates in brackets are posted bank rates. Call us today to see what we can do for you.