What’s your mortgage rate? Back in 2011 when I bought my townhouse, my mortgage rate of 3.74% (5-year fixed) was considered extremely good. Now? Not so much. I’ve run the numbers, and refinancing doesn’t work for me, but people looking to enter the housing market (like a few of my friends) can now get rates much lower than that.
In fact, KANETIX.ca is offering a Spring Mortgage Rate Special, offering customers a super low interest rate of 2.75% on a 5-year fixed! And to top it off, they’re offering homebuyers who secure a mortgage rate online a chance to win $5,000. Not only are KANETIX customers automatically entered to win the $5,000 prize, but they can also gain entries by connecting with KANETIX and sharing the contest via social media. If you’re the lucky one that wins, that’s a pretty significant chunk of change that you can dump onto your mortgage, or do a few renovations around the new home. :)
Until April 19th, customers in Ontario, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, PEI, and Newfoundland are eligible for a chance at the $5,000 prize. Sorry British Columbians. :) For more information on the Kanetix mortgage $5,000 giveaway, click here.
KANETIX was one of Canada’s first online insurance marketplaces, and provides over a million quotes per year to customers looking to compare mortgages and and credit cards. Launched in the fall of 2012, the KANETIX online mortgage rates comparison service allows shoppers to secure rates online in minutes, without actually having to complete a full mortgage application – which I think is pretty cool. Customers will then have the option to complete the mortgage pre-approval process online, or through a licensed mortgage broker over the phone.