Your Stress-Free Mortgage
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I'm sure you've heard about the Benchmark rate in Canada dropping from 5.34% to 5.19%. This is good news more for market sentiment than actual dollars and cents. The 15bps drop in qualifying rate will allow a family earning $120,000 per year to qualify for roughly $12,000 more in mortgage amount.
With actual interest rates currently as low as 2.74% for 5 year fixed money (insured/insurable) or 2.89% for uninsurable refinances, we have a huge opportunity to save our past customers and your clients who have a mortgage a lot of money! People that could benefit from a mortgage review to identify potential savings in a transfer or refinance are as follows:
- currently in a fixed mortgage rate above 3.19%
- in a variable rate with a discount of prime -.6% or less
- have accumulated debt or loans, etc.
- looking to access equity in their home to invest, buy another property, etc.