Kim Gibbons Mortgage Broker Mortgage Superhero®

Mortgage Intelligence fsco licence: 10428

Toronto Mortgage Broker finding the best mortgage for your particular situation

  • Tel: 416-400-8107
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
  • YouTube
  • Email
  • Home
  • About
    • Kim in the Media
  • Mortgage Solutions
    • Private Mortgage Solution TM
    • The Purchasing Super Plan™
    • The Debt Consolidation Relief Strategy™
    • The Self Employed Solution™
    • The First Time Homebuyer Gameplan™
    • The Investment Property Super Strategy™
    • The Home Reno & Construction Solution™
    • The New Chapter Solution™
    • The Second Home Dream Plan™
    • The Welcome to Canada Strategy™
  • Blog
  • Best Current Rates
  • Tools
    • Apply Now
    • Mortgage Calculators
    • Other Professionals
    • Related Links
  • Apply Now !

Kim Gibbons on CTV National News – Historic low 5 year fixed rate at 2.99%

January 17, 2012 by Kim Gibbons Filed Under: Blog, Kim in the Media

The 5 year fixed rate has hit it’s all time historic low at 2.99% but keep in mind that a mortgage is more than just a rate.  BMO’s promotional 2.99% 5 year rate comes with its catches so dig a bit deeper to understand the terms.  The maximum amortization is 25 years not 30 so you will have a higher payment (paying less interest).  There are lower prepayment options at 10% and you can’t break the mortgage within the 5 year term without a bonafide sale OR you have to stay with BMO to refinance (reduces your choice).  This promotional rate is on until January 25th only.

Regardless of the terms this was a great opportunity to give a kick in the pants to the other lenders to provide lower rates for consumers.  Many lenders came out with lower rates on their 3, 4, 7 and 10 year rates.  As for the 5 year rate, we currently have the 2.99% which competes heavily with BMO, has less restrictions and double the prepayments – fantastic!  The 2.99% for 5 years fixed is for a 60 day rate hold…doesn’t expire next week like BMO, has a 30 year amortization and has all the bells and whistles you would want in a mortgage offering with the lowest rate on the market.  Bond yields have been low for months and we are very happy to see that the rates are dropping to reflect these low yields – we are thrilled to pass these savings onto our clients.

To view the video from CTV National News with Kim Gibbons please click here…

Please take a look at our current rates and give us a call today if we can help.

 

Kim Gibbons, ” Your Mortgage Superhero ®”
Mortgage Broker
FSCO lic. M08001363
416-400-8107
kim@mortgagesuperhero.com
www.mortgagesuperhero.com

Share:
Share
Apply Now!
Kim Gibbons

As a Mortgage Broker I work in partnership with each of my clients and believe in the value of relationships. Your priorities and interests become my priorities and interests.

Read More »

Categories

  • Blog
  • General
  • Kim in the Media
  • Mortgage Solutions
  • Renovations
  • Tips and Advice
  • Uncategorized

Tags

Toronto Mortgage Rates Mortgage Brokers Bank of Canada Conventional Mortgages Mortgage Renewal Tips from your Toronto Mortgage Broker First Time Homebuyers Mortgage Superhero Debt Consolidation Toronto Mortgage Toronto Mortgage Brokers Toronto Mortgage Interest Rates Mortgage Refinance interest rates Collateral Mortgages Toronto Mortgage Broker Toronto Mortgages Mortgage Interest Rates Kim Gibbons Fixed and Variable Mortgage Rates

Search

Error: Contact form not found.

Happy Clients

speech bubble

“What a big relief it was to have Kim help me. In addition to giving me fantastic service she knows her stuff, is passionate about what she does and truly cares.” ~ Donna Jarego

speech bubble

“Kim shows extreme professionalism, business savvy and provided the best options for us. She has left our minds at ease due to her caring attitude.” ~ Dana Cuff and Mark Beson

speech bubble

“Kim is fantastic! Working fast, she came up with something that was perfect for us. The best part is the continued support & advice she gives us after our purchase.” ~ Craig Gordon

speech bubble

“Thanks for finding us the best mortgage solutions. You are an integral part of our team and our success! We couldn’t have done it without you.” ~ Paul Peic, host of ‘The Big Flip’

speech bubble

“Kim made our dreams become a reality. We have now done 4 deals with Kim in 2 years with the expectation of many more. When Kim  says it can be done it is!” ~ Chris and Jen Heslin

speech bubble

“Thank you so much Kim for your professionalism and kindness throughout my journey of becoming a home owner. I will not hesitate to recommend you.” ~ Charlene Chu 

speech bubble

“Kim has exceeded all of our expectations.  She is an absolute expert in her field.  We will never consider using any other mortgage broker.  Kim is simply  the best.” ~ Gina Lijoi

speech bubble

“Thanks for always being available at the drop of a hat to help me with my mortgage. This is why you are indeed a superhero.”
~ Andrea Macri

Follow Kim »

Connect

  • Twitter
  • LinkedIn
  • Google+
  • YouTube
  • Don’t see what you’re looking for?

    • Home
    • About
    • Mortgage Solutions
    • Blog
    • Tools
    • Best Toronto Mortgage Rates
    • Contact

    Kim Gibbons, 210 Victoria Street, Toronto, Ontario , M5B 2R3   416-400-8107

    Copyright © 2023 · Mortgage Superhero · Website Designed by Madfatter Inc.

    Copyright © 2023 · Mortgage Superhero Theme on Genesis Framework · WordPress · Log in