Important news for those getting new mortgages!

We have been personally informed by telephone conversation that  effective tomorrow at 9 am One of Canada’s  five major banks is increasing their rate on the variable mortgage to .5% off prime from .75% off prime.

We don’t know if other lenders will follow suit but there is a good chance you may see a correction take place across the market sooner than later.

If you are on the fence about refinancing or purchasing and want a variable please do not delay as you may miss out on the current discounts available in the marketplace.

Remember you can switch your mortgage for free by calling me directly 416 889 3916 www.GetMortgagesNow.com

Please note: this will not effect anyone who already has their mortgage approved or already funded.