Friday, August 15, 2008

Toronto mortgage interest rate decrease

Just in time for the tail end of the summer market & for those planning to buy in the fall, several prime lenders have reduced their fixed rate mortgages.

As an example, some aggressive pricing from one lender: a 5 yr rate of 5.04% (mortgage amounts > $500,000) and they offer excellent prepayment options.

Many lenders are reviewing their lending criteria & product's always in the client's best interest to arrange for a preapproval.

Enjoy the weekend - the weather looks promising!


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