TORONTO, June 28, 2012 /CNW/ - Continuing to rise to the challenges and
demands of both a competitive industry and stricter government
regulations, Northwood Mortgage continues to find ways to offer their
clients an upper edge.
With a looming deadline of July 9th, the government will once again enforce new guidelines, making it more
difficult for homebuyers to obtain mortgages, with a loan to value of
more than 80% and cutting amortization periods from 30 to 25 years.
Northwood is currently offering a rate of 2.99% on a five year mortgage
and 2.59% on a three year mortgage! Both offers have very generous
The five year mortgage product allows borrowers to qualify at 2.99%
rather than the 5.24% rate prescribed by the government for high ratio
mortgages of less than a five year term.
Unlike most mortgage originators, Northwood Mortgage does not profit
from interest rates charged and therefore offers the lowest rate
available for which an individual qualifies.
Northwood's founder and President, Art Appelberg never lost sight of his
vision to provide the public with lower mortgage rates than generally
available at traditional financial institutions.
Serving the Greater Toronto Area for 22 years, Northwood continues to
provide outstanding service, sound financial advice and lower rates on
SOURCE Northwood Mortgage
For further information:
For more information on all offers and services, please contact us at 416-969-8130 or visit us at www.northwoodmortgage.com