The Bank of Montreal recently came out with a 5year fixed rate of 2.99%. The lowest we have seen from Canadian banks. A few of the other major banks are looking at matching the rate or offering something similar.
We have had a number of people asking us about what we think. Everyone should be very careful before getting too excited about the rate and make sure they sit down with their mortgage specialist and ensure they go over ALL the details. There are a number of restrictions and I always caution getting involved with so many restrictions as you never know what the next 5 years will bring.
If you want more information about this rate. Please give us a call and we would be happy to refer you to a mortgage specialist who can help.
"Most amazing group of People who truly work together as a team. Rachael is 100% fully invested in what it is your looking for and is always readily available and updating you on the new / the old and the current market and very professional while being very personable. We wouldn't hesitate to recommend Rachael or any one from the Balance Real estate group for any of your real estate needs . Thank you all for making the sell of our home and the buying of our new home a seamless success"