New Variable Rate Mortgage: P-.15

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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

chris
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chris

Christopher is a second-generation mortgage broker. Following in his dad’s steps, he helps borrowers demystify mortgage financing. Christopher lives in Toronto and when he is not in the office you’ll find him sailing on Lake Ontario.
chris
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1 Comment Post a comment
  1. Marilyn Penny
    May 6 2012

    What s your current variable rates – do you have a 3 and 5 year – do you have a fully OPEN mortgage ?
    If not – if I take a 5 year variable – what is the penalty to get out of it .. – 3 months interest ?????

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