RBC Lowers Mortgage Rates
RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.
RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.
Merix Financial has just announced a below prime variable, the lowest nationally-advertised variable rate product in over a year. Merix is now offering a 3 year variable rate at Prime – .25%. Now of course there are some conditions. The Conditions: Must close within 30 days. Purchase and refinance only. NO pre-approvals. Owner occupied single
It seems that no matter who the client, what the clients financial situation, or how much money the client has to put down. Extended Amortization and it’s pros and cons are heavily discussed throughout the process in setting up a new mortgage in today’s market. Back in Aug I had the opportunity to speak about
