Best 5 Year Variable Mortgage Rate With 1% Cash Back
Company Name Mortgage Outlet
Term 5 Years
Type Variable Closed
Max Amortization Term 25
Lump Sum Payments 20
Rate Hold 120
Incentives This lender pays 1% cash back on your mortgage amount after funding and I will pay you “$50.00 bonus reward upon approval + $100.00 upon receiving the signed commitment + 50% of my commission after funding”
Comments •If the mortgage is discharged, refinanced or transferred for any reason before maturity, the borrower is to repay a portion of the cash back amount to the lender. (I also have access to big banks that are currently offering big bonus cash back at very competitive rates. The Bonus cash back is yours to keep regardless). •This offer is available for Ontario only. •Full featured mortgage. (No Bait And Switch. No Mortgage Restrictions. No Bona Fide Sales Clause. Rate (Prime-.70%= 6.50%). (current prime rate 7.20%) •Available for owner occupied insured purchases or previously insured transfers provided you did not refinance your mortgage during the term and your mortgage is not registered as a collateral mortgage. (Purchase under $1 million. Down Payment Under 20%). •Rates fluctuate in according to market conditions. Live deals only. All offers are subject to lender qualifying criteria and E.&O.E.
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About Mortgage Outlet 1% Cash Back
This offer is brought to you by Mahmoud Hamdan (aka Mike) Licensed Mortgage Agent level 2. FSRA Lic # M09002218 since 2009. Brokerage: Mortgage Outlet Inc FSRA #12628. He has proven track record and many happy clients. You can depend on Mike to lead you step by step through the mortgage process, work tirelessly to find you the best mortgage rate possible and show you the best financing options when it’s time to take a new mortgage, renew, refinance or add a home equity line of credit down the road. Mike can be reached at (416) 524-7471. Check out his online profile at: https://mortgageoutlet.ca/mike-hamdan.