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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, March 8, 2017

Ontario credit union offering 1.99 per cent mortgage

The Ontario credit union that has grabbed the headlines before with its super-low mortgage rates is at it again.

Meridian is offering what it says is the best 18-month mortgage deal on the market currently, a rate of 1.99 per cent, calculated on a semi-annual basis not in advance, and assuming no costs of borrowing other than interest.

"Meridian strives to provide our Members with the best products and rates to help them better achieve their financial goals,” said Bill Whyte, Meridian’s SVP and Chief Member Experience Officer. “Our attractive 18-month rate will help Ontarians achieve their homeownership goals sooner while saving money in interest.”

When Meridian caused a storm in 2015 with a 1.49 per cent rate, it was criticized by others in the industry.

Canadalend.com’s Bob Aggarwal warned that the 18-month rate may initially look attractive but would be impacted if interest rates increase, while Mike McKillen of Mortgage Architects told us that he advised clients that the low rate was primarily an acquisition tool for Meridian and they should consider what their options would be at the end of the short-term loan.

MBN

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