Posted by: AdminS
The 10 year fixed rate product is an excellent offering for the person looking to assure themselves a historically low rate for the next decade – you won’t catch yourself losing sleep at night worrying about your upcoming renewal or a rise in interest rates. The 10 year fixed mortgage product solves the fear of the five year outlook (i.e., the unknown of where will rates be) providing you the reassurance of locked-in rates.
Recently there have been a slew of low rates on 5 year fixed products; however, these products attempt to lure home-owners into rigid and inflexible conditions with very low rates.
To learn more, you can catch MonsterMortgage.ca Principle Broker Vince Gaetano discussing this revolutionary new mortgage product here.