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2.15% 1-Year Fixed Mortgage for MDJ Readers and Links

The last time Robert McLister of My Virtual Mortgage Broker (blogger behind Canadian Mortgage Trends) contacted me, they offered a ground breaking deeply discounted variable rate mortgage exclusively to Million Dollar Journey readers.

For the readers who are in the market for a mortgage in the near future, My Virtual Mortgage Broker is back with another great offer.  This time around they are offering Canada’s lowest fixed rates exclusively for MDJ readers.  The deal that really caught my eye was the 2.15% 1 yr fixed with $500 cash back to the buyer which includes lots of pre-payment privileges.

When I asked Robert about 1 year fixed compared to variable, he mentioned a 1 year fixed is a viable alternative if:

  1. You think variable discounts will be better than prime – 0.75% in one year
  2. You think rates may go up (even 1/4%) in the next year

Here are some of the details and rate offerings:

Rate Offerings for Million Dollar Journey readers:

  • 2.15% One-year Fixed
    (Close by Oct. 29; $150k min. mortgage; $500 cash back + free appraisal!)
  • 2.88% Three-year Fixed
    (Close by Nov. 15; $150k min. mortgage; free appraisal!)
  • 3.44% Five-year Fixed
    (Close by Oct. 29; $200k min. mortgage; free appraisal)


  • Always unbiased mortgage advice from the Editors of CMT
    (We find the best deal for you from all the lenders.)
  • No hidden fees
  • Excellent lump-sum pre-payment options (20%)
  • Optional payment top-ups of 10-100% annually, depending on lender
  • Up to 95% loan-to-value (LTV) on purchases; 90% on refinances

This is a limited time offer which expires Oct 14, 2010.  If you are in the market for a mortgage, you can read more  details here.

Disclaimer:  Canadian Mortgage Trends/My Virtual Mortgage Broker has purchased banner space on MDJ to promote this offer.

Weekend Links

Have You Joined the Rush to ETF’s? @Canadian Money Forum

Another blog startup by Mike Heroux on the topic of retirement planning! Check out DoNotWait.com.

Speaking of startups, Tom Drake of Canadian Finance blog has started a personal finance aggregator called Money Index.

Book Review: 10 Things I Wish Someone Had Told Me About Retirement @Canadian Capitalist

Barriers to Portfolio Rebalancing @Michael James on Money

How To Determine The Value Of A House Renovation @ Money Smarts Blog

Avoiding will planning mistakes @ Thicken My Wallet

What Qualifies As Passive Investment Management? @ Where Does All My Money Go

Create Halloween Costumes For Less At The Dollar Store – Part One @ Wallet Pop

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 9 comments… add one }
  • Avatar Michael James October 9, 2010, 12:01 pm

    I remember when a 5% variable mortgage seemed like a great deal. Times change. Thanks for the mention.

  • Avatar Money Smarts Blog October 9, 2010, 12:28 pm

    Thanks for the mention.

    Man, that 2.15% mortgage looks good. Too bad my mortgage isn’t big enough to take advantage of the great deal! ;)

  • Avatar Preet Banerjee October 9, 2010, 12:37 pm

    Thanks for the link FT – have a great long weekend!

  • Avatar Dale October 9, 2010, 6:17 pm

    Not a bad deal. 2.15% is like a prime – .85% variable with no risk for a year. $500 cash is nice too.

  • Avatar Leo October 9, 2010, 9:40 pm


    I like the numbers. But may I ask, have you or any reader had a direct real estate relationship with this company? Anyone able to share their experience? Thank you kindly!

  • FT FrugalTrader October 10, 2010, 7:33 am

    @Leo, I’ve never used Robert to purchase a home, but from being a blogger colleague with CMT for the past few years, they are stand up people. I’ve heard that a few people signed up with them during the last promotion, so I hope that they can comment here.

  • Avatar Financial Cents October 11, 2010, 9:14 am

    Those are some pretty good rates! Thanks FT. Hopefully Rob will email me back.

  • Avatar Thicken My Wallet October 11, 2010, 8:12 pm

    Belated thanks for the link.

  • Avatar andrewbpaterson October 12, 2010, 10:39 am

    read: Smith Manoeuvre?

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