13 Sep Valley First Offering 3.65% on a 5 year fixed rate mortgage
If you are thinking of refinancing this is a great time to do it as Valley First Credit Union is offering us 3.65% on a 5 year fixed rate mortgage. They provide great service to the Okanagan/Thompson region including Kelowna, Vernon, Penticton, Kamloops and the surrounding areas.
I always tell my clients that rate is not the only important thing to consider when getting a mortgage. There are always lenders out there that offer better rates. The only problem is the lender typically has restrictions so most people likely don’t qualify for the special rate. As well they could have hidden fees, extra penalties for early payout, and will their service meet your time frames? Typically if it is too good to be true it is. There is usually a reason why they have to offer a lower rate to attract business. Some mortgage brokers like to advertise the lowest rate out there and then switch you to another lender. I prefer not to do that. I like to meet with you first and go over everything and find the best fit and rate to meet your needs.
That all said Valley First is a very good lender and this is an extremely low rate for a full 5 years. Valley First allows 20% prepayment privileges annually, has standard early prepayment options, has branches in throughout the Okanagan and Thompson, and provides great service to me and to you. Feel free to give me a call to discuss your options further.
Pam Martin of Invis, Mortgage Broker – Kelowna,Vernon, Penticton, Okanagan, British Columbia, Canada