2.59% FIXED SPECIAL 33 MONTH OFFER!!!
A 33 month term? Why not? We have a small investment pool available for mortgages that will mature December 1, 2015 priced at 2.59%. This is a great value and the product has full flexibility with large. prepayment options, full portability and fair payout penalty calculations. Save thousands over the next 33 months compared to 5 year fixed options.
Deciding on what mortgage is more than just fixed or variable
Financial advice expert Bruce Sellery, answers a question about what mortgage to take. Check out his response and some insight from Mortgage Connection broker, Joe Jacobs.
Click here: Moneysense.ca
The first major changes as a result of tighter bank regulations have hit the market. This week most lenders have reduced Home Equity Line of Credit products (HELOC) to 65% loan to value-down from 80%.
As many of you know, CIBC took over full operations of FirstLine Mortgages a month ago. Although this does not impact existing Firstline mortgage holders, it does impact the service level MCI can provide existing clients that have a Firstline mortgage.
You will likely be sent a letter from CIBC, however, be sure to contact Mortgage Connection should you want to review anything.
To see a sample copy of the Firstline letter click here: