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FirstLine Matrix Suspended

FirstLine’s popular Matrix readvanceable mortgage will no longer be available after midnight tonight.  FirstLine has taken it, and all of it’s variable-rate mortgages, completely off the table.

The Matrix was the most popular readvanceable mortgage among mortgage planners, and one of the best mortgages in the market overall.  It is now the latest casualty of the credit crisis.


Side Bar:  Here is an updated readvanceable mortgage comparison.  We plan to add a few more products from lenders like Desjardins and DUCA. In the meantime, if anyone has other suggestions or corrections for this list we’d value your feedback.