TORONTO, ONTARIO--(Marketwire - Oct. 22, 2012) - Radius Financial announced today the launch of its newest mortgage product - the RateWise Mortgage. "This mortgage product is specifically designed for homebuyers who want greater savings while keeping some flexibility in their mortgage" says Suzanna Stefanec, V.P. of National Sales & Products for Radius Financial. "Radius recognizes a large segment of the population that does not take advantage of mortgage privileges. This product rewards these consumers with a lower rate while ensuring their mortgage still has certain privileges."
A recent survey conducted by CAAMP stated 81% of borrowers do not take advantage of their lump sum privileges and 77% don't utilize increased payment privileges. The Radius RateWise mortgage recognizes this sizeable market and rewards them with a lower rate while maintaining 10/10 prepayment privileges. The Radius Financial RateWise Mortgage offers customers 5 year term mortgages at 2.94% that are portable and assumable upon qualification. The savings provided in rate and unutilized privileges can help savvy clients maximize their cashflow to increase wealth or help pay down higher cost debts.
"The Radius Financial RateWise mortgage gives Brokers a competitive advantage when servicing clients. This product offers Brokers the ability to service different markets and compete on rate while still rewarding customers with mortgage privileges, this is a true value add to the Radius product line up." says Stefanec.
The Radius Financial RateWise Mortgage is available to approved Submission Agents registered with Radius Financial. Stefanec adds "Radius Financial continues to grow and expand its product offerings and mortgage features; a low rate mortgage was the next step in providing valuable tools to our broker partners. The marketability of this product is a competitive advantage for our broker partners and will help them achieve greater success!"
ABOUT RADIUS FINANCIAL
Radius Financial is a Canadian owned and operated residential mortgage lender. Radius provides exceptional service and is dedicated to helping Canadians achieve their goals of home ownership and financial security. Radius Financial Mortgage products are distributed by Mortgage Brokers throughout Canada. Radius Financial is an approved lender with Canada Mortgage and Housing Corporation (CMHC) and Genworth Financial.