Milad Rahnama Mortgage Broker
755 Boul Saint Jean, Suite 301 H9R 3S3 Laval, QC, Canada

How to boost your income and borrow more.

Why Variable Rate drops are creating a surge in activity ? 1. Save big on interest. It’s true that your payments could go up if the Bank of Canada’s rate starts to move up. But it would have to go WAY up to wipe out the savings you’d get from some of the current deep prime minus variables being offered right now. 2. Build a buffer. You can set up your payments at what they would be if you took the higher fixed rate, which helps you pay down your mortgage faster, and creates... a financial buffer for you if rates rise later. 3. Easier to get out. If your circumstances change and you need to get out of your mortgage a situation that happens more frequently than people anticipate -- you will appreciate the lower penalty to get out of a variable vs a fixed mortgage. You could save thousands! 4. Lock in later. Most variables allow you to exercise an option to lock in a fixed rate at any time for the remaining portion of your mortgage term or longer. See more

Bank of Canada Raises increases rates. I can lock in your rate within 24H!