Sell your home with a below market interest rate
Saw an article this week that talked about low mortgage rates being used an incentive to help sell your home faster. Most mortgages are assumable, meaning the buyer of your home can take them over upon qualification.
If interest rates increased significantly, then having a 3.69% mortgage could lead some buyers to your home.
Another strategy that is used during a slower housing market is to buy the interest rate down to below market rates… this is something that would need to be negotiated at the time of signing the mortgage but it is offered by a few major lenders…
Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
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