Today I received an update from one of my primary lenders confirming that I am able to offer clients:
5 year term @ 3.69%
This is the lowest 5 year fixed rate that I have ever seen. The cost of borrowing is now ridiculously low, despite the fact that the qualifying standards have become more strict.
As an example, $200,000 mortgage can now be had with a monthly payment as low as $845/month!
Now I don't know about your particular town or city, but in Lethbridge and most of southern Alberta a $200,000 home will typically have a monthly rent of $1200 or $1300 per month. The cost of buying is waaaaaaayyyyyyyyy lower than the cost of renting the same type of home.
If you have been considering shopping for a home or a mortgage, lets talk about your options. There are other factors to consider besides the amazing low rate.
Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing, preapprovals, and Lethbridge heloc financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge
Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.
Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years. He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.