2.99 For Rentals Too
“The New 2.99% Mortgage Rates On 4 And 5 Fixed Terms Are Available On Rental Properties”
The new lower fixed terms mortgage rates on the market at 2.99% for a five year stripped down fixed mortgage and a 4 year fully loaded fixed mortgage are also available for rental properties.
I’ve been getting this question a fair bit in the last two weeks since the the 2.99% five year term hit the market place.
And if you are an investor with rental properties, the programs that are out can be utilized for rental property mortgages, provided that any one specific rental property meets the rest of the lending and funding criteria of the lender.
This is great news for rental property investors as they too have the ability to potentially lower their capital cost and increase the profitability of these properties.
With more lower rate programs expected in the short term, its likely there will be even more market choices to consider before too long.
If you have a rental property that you would like to better understand your rental mortgage refinancing options to take advantage of these lower rate fixed term programs, I suggest that you give me a call so we can go through your situation together and discuss the different options that are relevant to your situation.
About the Author Joe Walsh
I'm a Toronto Mortgage Broker that arranges mortgage solutions on residential and commercial real estate property. With over 30 years of mortgage financing experience, I'm able to quickly assess your financing requirements and provide relevant solutions for your immediate consideration. Joe Walsh Google+ YouTube Channel