One of our lenders just emailed us to let us know that they’ve got a 5 year fixed rate special on. The rate they’re offering is 3.99% for 5 years. Nice!
There are a few conditions associated with this one:
- Only NEW mortgage applications are eligible (sorry current clients) – The mortgage must fund between before October 30th, 2009 – At least one applicant must have a credit score of 650 or higher – Pre-approvals are NOT eligible on this promotion – i.e. only “live” deals and no rate holds – This is only eligible for purchases and refinances of your principal residence – no rentals please.
This is the lowest rate I’ve seen currently on the market for a 5 year fixed-rate mortgage. If you’re interested in learning more about it, feel free to contact us, or if you’re ready to go, you can fill out our secure online mortgage application and get the ball rolling.
This really is the perfect product if you’re buying a place before the end of October or if you need to refinance for any particular reason.