Breaking News - Mortgage Renewal Changes
Canada’s banking regulator is set to eliminate the need for the banks to apply the stress test when you are simply switching mortgage lenders at renewal. This will be very positive for borrowers looking to obtain a better rate and payment then what is being offered by your existing lender. Creating a more competitive environment will result in you being able to get better deal upon renewal.
Rate Wars are starting, and lenders are offering special rates:
3 year fixed as low as 4.49%
Variable rate mortgages as low as Prime – 1.05%
2nd mortgage rate as low as 8.90%
OPEN HOUSE: 2496 Jonquil Court, Abbotsford, on Sunday, September 29th, from 1:00 pm to 3:00 pm.