Mortgage Interest rates in Canada started the week out on a lower note. For budgeting purposes, the monthly payment factor for $100,000 borrowed is now $455/mo, based on 2.59% 5 year fixed mortgage amortized over 25 years. Keep in mind lenders often have 30 day "quick close: mortgage specials, as well as 45 and 60 day specials. Keep this in mind when working out possession dates and save your client some money!
Chris
403.877.9556
