Latest Mortgage Rates
| Term | OUR RATES | Banks |
| Updated December 8, 2011 | 0.0 % | 0.0 % |
| Variable ARM | 3.2 % | 3.5 % |
| 1 Year Closed | 3.09 % | 3.75 % |
| 3 Year Closed | 3.25 % | 4.65 % |
| 5 Year Closed | 3.24 % | 5.85 % |
| 50/50 Mortgage 3 yr | 2.77 % | 0.00 % |
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Money Source Mortgages - Second Mortgage Lender
Money Source is an equity based lender that takes a "common sense" approach when accessing a deal. They review each deal based on its own merits.
You can use your funds for investment, home renovations, consolidating credit card, paying for childrens education or even help any loved ones. Whatever your needs thier home equity loan can help you accomplish this.
Even if you have been discharged from bankruptcy you can be eligible for this.
They recognize the importance of providing you with flexibility. As a result, they offer convenient and flexible 1 or 2 year terms with amoritizations of up to 25 years. They also have interest only to help you with making your monthly payments lower.
Guidelines:
Amount: Up to $250,000
LTV: Up to 85% (GTA & Sorrounding areas)
Term: 1 or 2 years
Payment Options: Interest Only or Amoritized
Credit: No minimum beacon score
Employment Status: Salary, Commissioned, Self-Employed, Contract & Seasonal
Contact your mortgage broker for more details and see if this is right for you
Or apply online for your mortgage broker to find the best lender suited for you