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 prepayment privileges.
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 mortgages.
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