Quote:

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Originally posted by pratickm
5 years at 3.59% is pretty good.
I see no reason not to take it.

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I am a Gents and not a Ladies.

Quote:

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Originally posted by tamilkuravan
At these interest rates, How much mortgage amount per month will I be shelling out for a $ 400K house.
In 2004/5, I was told that for every $ 100K, $ 680 was the mortgage amount.
How much is it now a days.

Peace by TK

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Quote:

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Originally posted by tamilkuravan
In 2004/5, I was told that for every $ 100K, $ 680 was the mortgage amount.
How much is it now a days.

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<del>

On the other day, i was just checking with TD Bank, they said they can give 3.7% Fixed for 5 years, but with a down payment of 20%, being new to this place and no crdit history.

Also they said, they can process the pre approval process and the approval will be valid for 6 months, and within this 6M, if intrest rate reduces, then the reduced intrest rate is applicable.

If you have 20% down payment, then make the same down payment on the 3.59% mortgage deal.
3.59 is less than 3.70

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

Thanks all for the responses. Still learning new things.

Here is my situation. Renting now at $830 pm all inclusive, 1 bedroom apt. My budget is limited to $160k for a condo apt, 2 bedroom. Using the RBC calculator, including condo fee and property taxes, it comes to abt $1,250 pm (ballpark). Renting is money down the drain. $10k gone already.


KM

Thanks Prat.

Is there any link to calculate property tax and other fees?