Below are spot rates from First Line Mortgages
***Prime rate is currently 6.00%
***First Line Mortgages is offering a rate of 5.90% for a fixed term with a special renewal date of Nov.2012 in order to coincide the American Presidential election.
Historically, Canada's fixed rates drop around the election time and this affords clients the possibility of renewing at a time when rates will be low.
| 5 Year Variable | 5. 40 % (. 60 % below prime for the entire term) |
| 5 Year Fully Open Variable | . 75 % below prime |
| 3 Year Closed | 5. 70% |
| 5 year Closed | 5. 83 % |
| 7 Year Closed | 5. 88 % |
| 10 Year Closed | 5. 95 % |
| Purchase price | $450000 | $450000 | $450000 | $450000 |
| Down payment | $22500 | $45000 | $67500 | $112500 |
| Payments per week | $465.27 | $440.78 | $416.29 | $367.32 |
| Household income required | $83400 | $79500 | $75500 | $67500 |
See current Mortgage Interest nterest Rates,
Search the MLS or read more about Interest Rates, Power of Sale Properties, Price Trends and more at my website.
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
2 FAX 905-828-2829 ÈCELL 416-520-1577
› E-MAIL : mark@mississauga4sale.com
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