GREAT NEWS for Mortgage Rates

Effective July 22, 2019, the Bank of Canada 5-year Benchmark Qualifying Rate is being reduced down to 5.19% (from the current 5.34%) so this is great news for those shopping for a mortgage with less than 20% downpayment! (really, it means that you’ll either be able to access a larger amount, or you can carry “a little more debt” and worry less about qualifying for an insured mortgage. It’s about time we got some good news (and it goes along with mortgage rates coming back down to “great rate!” levels) Give Mortgage a call and let’s see what we can do for YOU.

[dt_divider style=”thin” /] Mortgages is owned and operated by Peter Motem, a mortgage broker in Halton Hills, Ontario.  Peter services all of the GTHA, including Oakville, Burlington, and Milton; helping home buyers to find the right products and solutions that fit their life and their current situations.  Peter can assist with private mortgages and solutions for self-employed purchasers. If you’re looking for a residential mortgage of any kind, reach out to Peter for more information and recommendations on what he can do to help with your purchase.

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If you’ve stumbled on this article and it’s out of day, you can view the current mortgage rates here.