The last time Robert McLister of My Virtual Mortgage Broker (blogger behind Canadian Mortgage Trends) contacted me, they offered a ground breaking deeply discounted variable rate mortgage exclusively to Million Dollar Journey readers.

For the readers who are in the market for a mortgage in the near future, My Virtual Mortgage Broker is back with another great offer.  This time around they are offering Canada’s lowest fixed rates exclusively for MDJ readers.  The deal that really caught my eye was the 2.15% 1 yr fixed with $500 cash back to the buyer which includes lots of pre-payment privileges.

When I asked Robert about 1 year fixed compared to variable, he mentioned a 1 year fixed is a viable alternative if:

  1. You think variable discounts will be better than prime – 0.75% in one year
  2. You think rates may go up (even 1/4%) in the next year

Here are some of the details and rate offerings:

Rate Offerings for Million Dollar Journey readers:

  • 2.15% One-year Fixed
    (Close by Oct. 29; $150k min. mortgage; $500 cash back + free appraisal!)
  • 2.88% Three-year Fixed
    (Close by Nov. 15; $150k min. mortgage; free appraisal!)
  • 3.44% Five-year Fixed
    (Close by Oct. 29; $200k min. mortgage; free appraisal)


  • Always unbiased mortgage advice from the Editors of CMT
    (We find the best deal for you from all the lenders.)
  • No hidden fees
  • Excellent lump-sum pre-payment options (20%)
  • Optional payment top-ups of 10-100% annually, depending on lender
  • Up to 95% loan-to-value (LTV) on purchases; 90% on refinances

This is a limited time offer which expires Oct 14, 2010.  If you are in the market for a mortgage, you can read more  details here.

Disclaimer:  Canadian Mortgage Trends/My Virtual Mortgage Broker has purchased banner space on MDJ to promote this offer.

Weekend Links

Have You Joined the Rush to ETF’s? @Canadian Money Forum

Another blog startup by Mike Heroux on the topic of retirement planning! Check out

Speaking of startups, Tom Drake of Canadian Finance blog has started a personal finance aggregator called Money Index.

Book Review: 10 Things I Wish Someone Had Told Me About Retirement @Canadian Capitalist

Barriers to Portfolio Rebalancing @Michael James on Money

How To Determine The Value Of A House Renovation @ Money Smarts Blog

Avoiding will planning mistakes @ Thicken My Wallet

What Qualifies As Passive Investment Management? @ Where Does All My Money Go

Create Halloween Costumes For Less At The Dollar Store – Part One @ Wallet Pop

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  1. Michael James on October 9, 2010 at 12:01 pm

    I remember when a 5% variable mortgage seemed like a great deal. Times change. Thanks for the mention.

  2. Money Smarts Blog on October 9, 2010 at 12:28 pm

    Thanks for the mention.

    Man, that 2.15% mortgage looks good. Too bad my mortgage isn’t big enough to take advantage of the great deal! ;)

  3. Preet Banerjee on October 9, 2010 at 12:37 pm

    Thanks for the link FT – have a great long weekend!

  4. Dale on October 9, 2010 at 6:17 pm

    Not a bad deal. 2.15% is like a prime – .85% variable with no risk for a year. $500 cash is nice too.

  5. Leo on October 9, 2010 at 9:40 pm


    I like the numbers. But may I ask, have you or any reader had a direct real estate relationship with this company? Anyone able to share their experience? Thank you kindly!

  6. FrugalTrader on October 10, 2010 at 7:33 am

    @Leo, I’ve never used Robert to purchase a home, but from being a blogger colleague with CMT for the past few years, they are stand up people. I’ve heard that a few people signed up with them during the last promotion, so I hope that they can comment here.

  7. Financial Cents on October 11, 2010 at 9:14 am

    Those are some pretty good rates! Thanks FT. Hopefully Rob will email me back.

  8. Thicken My Wallet on October 11, 2010 at 8:12 pm

    Belated thanks for the link.

  9. andrewbpaterson on October 12, 2010 at 10:39 am

    read: Smith Manoeuvre?

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