While BMO's 2.99% 5 year fixed mortgage rate special that sparked a media frenzy has now ended, the rate is still available. The best part is it does not have as many restrictions as carried with the BMO product.
The particulars on the current 2.99% 5 year fixed offering are as follows:
- Must close within 60 days
- Full 15% prepayment privileges/year
- Fully closed for the first three of the five year term, meaning you cannot pay off the mortgage in full or refinance for the first three years
- Amortization up to the maximum 30 years
Any questions, please contact me. This special is for a very limited time.
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Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.capaulm@citycan.comLic#10532
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