Looking for the best variable rate mortgage in the market right now? My lending partners over at Merix Financial have introduced a new market leading 5 year variable rate mortgage priced at prime minus 0.15% (2.85%) .
For months the variable vs. fixed conversation was dead. With fixed rate mortgages being priced equal to variable rate mortgages it was a no brainer to take a fixed rate mortgage. Recent increases to fixed rates and the decrease to the variable make considering a variable viable again. Most fixed 5 year mortgages are priced at 3.39% vs. the variable at 2.85% there is a difference of 0.54% which may be enough to attract some borrowers to the variable.
To apply for Merix’s fresh new variable rate mortgage of 2.85% click here. I’ll follow up with you right away. Not sure if it’s right for you? Give me a call and lets chat. 416.461.0204