As we get geared up for the summer season, lenders are stepping up to the plate with some super low mortgage rates. 5 year variable rates available as low as 2.00% (prime -0.85%). A great alternative to this is a 3 year fixed as low as 2.15%.
With these rates being at near record lows, it can be a great time to consider consolidating higher interest debt into your mortgage. As most mortgages come with pre-payment privileges, you can then increase your mortgage payment to include the additional funds you were used to paying toward your debt each month to significantly accelerate the payoff of that debt...without having the bulk of your payment going towards interest.
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Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.capaulm@citycan.comLic#10532
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