Posted: 23 Oct 2009 03:30 AM PDT
Discounted Variable Rates are Back!
Once upon a time, discounted variable rate mortgages were the norm. However, the credit crisis in 2008 changed all that, and actually pushed variable rates well above prime rate.With the economy starting to come around (supposedly), and global credit easing, variable rate mortgages are getting cheaper again. Just recently, the big banks started offering variable rates at prime which is a great improvement over the prime + 1% they were offering at the peak of the crisis.
However, you probably aren’t satisfied with paying prime on your mortgage, you want a discount off prime. Until now, that hasn’t been possible.
Our friends and blogger colleagues at Canadian Mortgage Trends have a special offer exclusively for Million Dollar Journey readers. They are offering a variable rate mortgage at Prime – 0.25%!
Overview:This is a limited time offer which expires November 1, 2009. If you are in the market for a mortgage, you can read about the details here.
Weekend LinksTry an auction for savings @ Canadian Money Forum
CPI: How Many Negatives Make it Deflation? @ Canadian Personal Finance Blog
why McDonalds is a good investment @ The Money Gardener
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Living Will @ Financial Highway
Money Tip: Keep a one page account summary @ Canadian Capitalist
Financial Peace Through Planning @ Five Cent Nickel
5 Recent Examples of Consumer Food Price Inflation in Second Half of 2009 @ Money Energy
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