Remax sarnia realty inc., Brokerage
1319 Exmouth St. Sarnia,
ON, N7S 3Y1

Ryan Gervais

Ryan is a full time Sales Representative with Re/max and look forward to being your guide to the Sarnia Real Estate market

Mortgage Rates are Falling!

no Comments In Mortgage

With all the different mortgage products out there its always tough to figure what is the best product for you. Not sure what to choose? I will break down three great options.

Firstly a fixed mortgage will provide you and your family piece of mind with limited time offer rates as low as 2.99%. Now with the federal election in 4 years interest rates have historically been lower during an election year so you can take advantage of this by looking at 4 year mortgages vs the typical 5 years. This strategy is a more sophisticated rate timing philosophy.

Variable on the other hand has historically been the best option but times have changed with the variable rates are at 2.90%. The variable rate will provide you the opportunity to save money, but the key word here is opportunity. If you’re a risk taker variable rate mortgages are a great product. The problem we face now is variable rates and fixed rates are almost the same, so the risk is greater but the return is lower.

Your third option if you just can’t choose, have both! Split your mortgage potentially into 2 different segments and take advantage of potential lower rates to save money and fixed rates for piece of mind.

There is no right or wrong answer but there is right or wrong advice, understanding your options, features and benefits are important in the decision making process. A trusted mortgage specialist can provide you advice you can bank on. This could be the biggest purchase of your lifetime make sure you have done your due diligence that will protect you and your family. Call today to lock in your mortgage rate and take advantage of these historical low rates!

Ryan Gervais

Ryan Gervais is a full time multi-award winning agent who is here to help you through your real estate journey. Ryan's main passion is to protect his clients greatest investment by making sure you buy a great house for a fair price. Reach out today and see for yourself the difference a great agent can make.

(519) 381-4055

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