Variable Rate mortgage and a 3 year term

Several lenders are now offering a VARIABLE RATE mortgage with a 3 year term.   Variable mortgage products have been typically packaged in 5 year terms.  

If you are buying a new home, you must have a 5% down payment to qualify for this product.

This blog was written by Elizabeth Blair, a licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario. 

Elizabeth services mortgage clients primarily in Mississauga and all over the Greater Toronto area.

You can contact Elizabeth directly by phone at (905) 510-5785

by email at eblair@mortgageedge.ca

or you visit her website at:    www.missmortgage.ca 

Elizabeth is licensed with the Financial Services Commission of Ontario and is also a Member of IMBA (the Independent Mortgage Brokers Association of Ontario) www.imba.ca

Lic # M08005880 / Brokerage Lic # 10680

Head office::  

15 Wertheim Court, Suite 210, Richmond Hill, Ontario

, Canada.