The following mortgage rate chart represents our lowest mortgage rates currently available (aside from any rate sales or specials). To be notified when the mortgage rates below change, sign up for our mortgage rate mail Email Me Rate Changes.  You don't have to worry, my service is based on trust; that's why my clients send their friends and family.  Your information is not collected if you sign up for the rate changes; they will simply be emailed to you and no-one will call or email.  Your privacy will be protected; this is a complimentary service.

To learn of current rate sales or specials, please call or email (it's okay I won't be harassing you once you call or email).  Rate sales and specials can change by the hour so it is impossible for me to keep them up to date on this site.  I occassionally post a few specials because I am always concerned about the rates being misleading, as they can change quickly and may have restrictions, and I base my service on trust.  If I show rate sales or specials below, please note that every lender has different policies and these rates may not work for you, but I'll let you know why if they don't.  I build my clientelle based on trust; if I show these rates, they are or were available when I posted them--guaranteed! 

For information on whether you qualify today, click Pre-Approval.  You don't have to worry: you can be comfortable going through the pre-approval process because I am the only person that will have your contact info, and I base my service on trust--I don't call unless you want me to!

 sincerely,

Lynda Smith

RATE SPECIALS available as of Dec. 15th, 2009.  (remember that these can change quickly and may have certain restrictions such as mortgage size or closing date, or they may be perfect for you)

5 yr fixed rate:

3.64%* is currently the best 5 year fixed rate, or I have 3.75%*  with a free appraisal, no title insurance required if a survey is available, and no legal fees (up to $700 of your legal fees will be paid including taxes) if you qualify for this special.  *All mortgages OAC.

Best Varaiable rate:

prime minus .40%--which curently equates to 1.85% (OAC) (prime is currently 2.25% minus .40% = 1.85%).

 please remember that there is a lot more to a mortgage than just the rate so the above mortgages may or may not be right for you.  The rate may seem like the only important factor when you take out a mortgage, but down the road, many other features may turn out to cost you much more than a slight difference in rate:  pre-payment options, penalties, bank charges, the type of charge registered on title, portability, assumability, the "lock in" rate if you choose a variable rate mortgage and want to lock in the rate later, and huge differences in the amount that you qualify for; these factors can really hurt you financially down the road.  Also, does your bank let you use a significant amount of the rental income from a suite to qualify?  What about support payments, child tax credit, and many other forms of income. 

The interest rare may seem like the most important factor right now, but saving a small amount now will not be worth it if it ends up costing you thousands of dollars later.  With interest rates currently so low, many people are choosing a variable rate mortgage with intentions of locking in the rate later:  if you are choosing a variable rate mortgage, what is the lock in rate with your lender?  Some lenders have excellent variable rates, but don't offer their best rates when you lock in the rate at a later date.  I'm sure we've all heard of friends or family that have encountered problems; there are many pitfalls that my experience can help you avoid.  Remember, every lender has different rules,  that's why I'm here to find the lender right for you. Trust; you'll be in good hands.

(Lynda Smith assumes no responsibility for errors or omissions in these rates or information provided)

Prime Lending Rate: 2.750%