TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - intelliMortgage has become Canada's first mortgage provider with a 5-year fixed rate below the key 2.00% psychological threshold.

According to mortgage rate comparison website, RateSpy.com, intelliMortgage's 1.99% rate is a record low for Canada's most popular mortgage term. The offer allows borrowers needing protection from potential rate increases to lock in cheaper than most variable mortgages.

Unlike other deep discount promotions, this mortgage is well appointed with 20% annual prepayment privileges, no refinance prohibitions and a "fair" penalty for early discharges. The rate is available on approved credit for insured mortgages over $250,000.

See: Record Low 5-year Fixed.

About intelliMortgage Inc.

intelliMortgage is an online discount mortgage broker dedicated to cutting fat from the mortgage process. Its proprietary mortgage search engine empowers self-directed borrowers to avoid commissioned-salesperson bias by comparing all major lenders and customizing their own mortgage online.

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Twitter: @intelliMortgage

Facebook: facebook.com/intelliMortgage