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:
- You think variable discounts will be better than prime – 0.75% in one year
- 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.
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