Articles on Mortgages All Articles
7 and 10 YEAR terms are attractive when lates are this low
ADVICE Author: Caroline Lennox
Dec 12, 2011 -"The stability of Canadian bond yields has some of our lenders reducing their longer term mortgage rates. For clients who worry about the future direction of interest rates as various debt crisis seem to loom now and in the future there are some very attractive 7 and 10 year rates available. For a little extra rate today they can sleep soundly knowing they have eliminated interest rate risk from their budgets. They may not be everyone's choice but the rates are getting down to where they are worth considering for some borrowers." Author: Invis
What does this mean? You could lock in for a longer time at historically low rates but if you break your contract before the end of the term, the penalty could be much higher than for a shorter term. (Check out my blog entry on penalties**)
If you wish to receive links to such articles, simply follow me on Twitter or Facebook. *example from one of our lenders: "Longer term mortgage rate specials - 7 and 10 year terms. From as low as 3.89% , 10 years at 4.39% oac.
To find out if you qualify, call 800-757-0412.
E & OE
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Contact Information | Invis - Canada's Mortgage Experts |
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| Name: |
Caroline Lennox
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| Company: | Invis - Canada's Mortgage Experts |
| City: | Victoria |
| Province: | British Columbia |
| Country: | Canada |
| Phone: | 800-757-0412 |
| Email: | |
| Website: | http://www.clmortgages.com |
