Switch to Variable or Stick with 5.00% fixed
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Location: carl sagan's universe
Posted on: 26-02-09 18:35:08
i am told ING has dropped 4 year rate to 4.14%.
looks like banks are pimping 4 year deals- any idea as to why ?
perhaps pramodbhai u can help us out on this.
Here is a web site that is quoting rates that are quite low. If it suits you... then, go for it.
http://www.suttonmember.com/
Hope this helps you a little.
Freddie
Quote:
Originally posted by ftfl
Here is a web site that is quoting rates that are quite low. If it suits you... then, go for it.
http://www.suttonmember.com/
Hope this helps you a little.
Freddie
Most likely these rates are available to only to those who buy their homes through a Sutton Group Realtor and have some conditions tied to it.
However, these are not applicable to people switching the mortgage.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Given a chance to compete I know there are three brokers who will work towards obtaining similar rates for you or a client.
In this competitive market, they are only looking for a good client who will qualify and has better than average qualifying requirements.
It is well worth pursuing the matter if the rates suit the conditions that one is in.
Good Luck.
Freddie.
My mortgage is due for renewal in April.
My banker offers m 3.5% variable rate for 3 years. Is it good? Should I go for 50% variable and 50% Fixed?
Quote:
Originally posted by Nightmare
My mortgage is due for renewal in April.
My banker offers m 3.5% variable rate for 3 years. Is it good? Should I go for 50% variable and 50% Fixed?
The variable rate should be prime + 0.75% or 0.80%. It seems that your bank is offering your prime +1.0% which, if correct, certainly is not a good rate.
If your bank offers mix of fixed, variable and secured line of credit at renewal to you without costs, then you should ask them the best rates they can offer and then compare it with the rates available in market with the competition and then decide.
.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Location: carl sagan's universe
Posted on: 08-03-09 18:23:10
Quote:
Originally posted by ftfl
Given a chance to compete I know there are three brokers who will work towards obtaining similar rates for you or a client.
In this competitive market, they are only looking for a good client who will qualify and has better than average qualifying requirements.
It is well worth pursuing the matter if the rates suit the conditions that one is in.
Good Luck.
Freddie.
Howdy,
can you please send me the contact details of these three brokers? I can send them loads of deals provided it ain't tied to purchasing the home from a sutton agent.
