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Old 2015-12-17, 11:51 AM
MortgageGuy MortgageGuy is offline
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Join Date: Jul 2008
Location: Ottawa, Ontario
Posts: 1,041
Default Rate update, Dec 17

So we have lost Alterna's rate of 2.54% 5 yr fixed, best is now 2.69% with a 120 day rate hold.
I do still have a 60 day 2.54% rate, with Industrial Alliance, but they have NO BRIDGE FINANCING, so I don't recommend this.

Remember that it is up to you to ask the questions. RATE IS NOT EVERYTHING.

You do not want a collateral mortgage, or a mortgage with expensive closed clauses. You always want to have good pre-payment clauses and bridge financing. Don't give up important features in a mortgage for .05 or .10 bases points in rate.
There are many people out there that are advertising rates and initially not disclosing features. Make sure you ask the questions, who is the lender and what are the conditions and the features.
For complete rates and terms available go to
Have a great day,
Dan 613-222-2624
Dan Faubert
Ottawa-Carleton Mortgage Inc.
Brokerage Licence # 10419
"Great Mortgage Rates"

613-222-2624 anytime
Off 613-563-5070
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