Yong Chen
416-3004768
January 17, 2013
London Life mortgage rates*
Term
Rate (%)
Rate as low as (%)
5 Year VRM
3.00%
2.75%
1 Year Closed
3.00%
2.20%
2 Year Closed
3.14%
2.24%
4 Year Closed
4.64%
3.29%
5 Year Closed
5.24%
3.05%
5Subject to availability and may change without notice.
Feds change home equity value
The maximum clients can refinance against their home has dropped – from 85 per cent of its value to 80 per cent. This reduces the amount of equity they may borrow against for such things as debt consolidation and renovations.
Revewing your mortgage
A mortgage can help purchase a home, but it can also help you use your home’s value to finance other priorities. When it’s time to renew, things to consider include: refinancing for renovations, debt consolidation, or topping up your RRSP contributions.
Renewing your mortgage
If you want to eliminate mortgage debt, clients may also consider increasing mortgage payments, changing the amortization or payment frequency, or paying down the balance.
本文只作为信息参考，并不构成任何具体融资建议，亦不明示或暗示买卖任何具体金融产品。进行任何融资行为，请事先咨询专业合格的贷款顾问。
416-3004768
January 17, 2013
London Life mortgage rates*
Term
Rate (%)
Rate as low as (%)
5 Year VRM
3.00%
2.75%
1 Year Closed
3.00%
2.20%
2 Year Closed
3.14%
2.24%
4 Year Closed
4.64%
3.29%
5 Year Closed
5.24%
3.05%
5Subject to availability and may change without notice.
Feds change home equity value
The maximum clients can refinance against their home has dropped – from 85 per cent of its value to 80 per cent. This reduces the amount of equity they may borrow against for such things as debt consolidation and renovations.
Revewing your mortgage
A mortgage can help purchase a home, but it can also help you use your home’s value to finance other priorities. When it’s time to renew, things to consider include: refinancing for renovations, debt consolidation, or topping up your RRSP contributions.
Renewing your mortgage
If you want to eliminate mortgage debt, clients may also consider increasing mortgage payments, changing the amortization or payment frequency, or paying down the balance.
本文只作为信息参考，并不构成任何具体融资建议，亦不明示或暗示买卖任何具体金融产品。进行任何融资行为，请事先咨询专业合格的贷款顾问。
