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2.79% 5Y Fixed Rate Promotion!

One of our key lenders has decreased their 5 year fixed rate, as of this morning. The rate was decreased from 2.99% to 2.85%, however The Mortgage King exclusive rate is 2.79%!!! The update brings along some controversy as many lenders were initially tightening up their rates and lending criteria. Awake of bad publicity by the media, lenders have decided to backlash by further decreasing their rates.

[pullquote align=”right”]The Mortgage King exclusive rate is 2.79%!!![/pullquote]What does this mean for homebuyers? You now have access to the best 5Y fixed rate in all of Southern Ontario! What a great time to take advantage of this promotion as summer nears. Chances are the promotion will remain until the end of the summer, as lenders try to stimulate buyers. The harsh winter was no help (I know, I know, you’ve been hearing it everywhere from BNN’s stock updates, to hydro and gas bills) when it came to home purchases. As the homebuyer market generally slows quite a bit for the winter months, this previous season was definitely not an exception. We can see that landers are now trying to make up for lost business.
 

Are you looking to take advantage of this amazing new promotion? For a more in-depth and professional review of your individual and personalized situation please give Harpreet Singh The Mortgage King a call at (416) 795-1919.