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PostPosted: Fri Oct 28, 2016 9:43 am 
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Joined: Fri Feb 01, 2008 2:35 pm
Posts: 527
5 year fixed mortgage rates have now dropped to a record low 2.14%. Full 20% prepayment privileges, however it is fully closed for the full 5 year period.

All this means is that you can't pay the mortgage off in full during this time unless you sell your home. It also means you cannot refinance mid-term with a different lender, however you can do so with the same lender.

Mortgage must close by December 31st.

_________________
Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.ca
paulm@citycan.com
Lic#10532

Follow me on Twitter! http://www.twitter.com/paulmeredith


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