BEST MORTAGE RATE
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Quote:
Originally posted by Blue_Peafowl
I WAS GETTING PRIME -0.40=1.85%,
Hi Do u get VARIBALE from any bank ?
or Mcap, industrial alliance ?
I try to get this rate from Bank and no one is giving me.
I WAS GETTING PRIME -0.40=1.85%,
Pm me if you need my agent info
YOu can get prime-0.40 as low as,
Even fixed after he offer me 3.59%
Quote:
Originally posted by mumdxbcan
I am getting following rates -
Variable - 2.15 % for 5 Year Closed
Variable - 2.75 % for 3 years open
Fixed - 4.14 % for 5 Years
Fixed - 3.79 % for 4 years
Fixed - 3.4 % for 3 Years
All this are from BMO
Not sure if those are good rates
Also one more question - Is it necessary to check credit history every time before getting Mortgage rates ?
variable for 3 yrs you can get Prim-0.30
FIxed- 3.59 5 yrs fixed or 3.74 fixed
3 yrs fixed - 3.29%
variable you can get as low as prime-0.40
Posts: 1351
Location: Brampton, Ont, Canada
Posted on: 19-02-10 23:28:49
Location: Brampton, Ont, Canada
Posted on: 19-02-10 23:28:49
Quote:
Originally posted by ilesh_1
variable you can get as low as prime-0.40
Hi ilesh
i doubt if any bank will give prime-0.40, but yes u can ofcouse get this rates from Mcap, industiral allience etc...
so it depends on persons choice... if u prefer better rate then service then go with mcap, ind allience etc.... but if u need good service then bank is good options...
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Quote:
Originally posted by Blue_Peafowl
Quote:
Originally posted by ilesh_1
variable you can get as low as prime-0.40
Hi ilesh
i doubt if any bank will give prime-0.40, but yes u can ofcouse get this rates from Mcap, industiral allience etc...
so it depends on persons choice... if u prefer better rate then service then go with mcap, ind allience etc.... but if u need good service then bank is good options...
One should not be misled by mortgage agents/brokers by only seeing mortgage rate while taking mortgage. Variable rate of Prime-.30 from bank might be a better choice than Prime -.40 from mcap & others depending on some other conditions e.g how much additional payment one can make during the year over and above normal mortgage to take maximum benefit of low interest rate and other thing bank might give option of switiching to another institution or variable to fixed and vice versa etc. while mcap may not give these options and additionally bank offer better services and may follow stringent criteria while granting mortgage.
Interest rates are historic low and have only one way to go up. It is better to take maximum advantage by paying more every year at low rate so that one carry little mortgage when interest rate hike takes place.
Hope this helps.
Hi,
Could you please forward me the info also.
I have RBC variable closed prime -0.75 now and looking for fixed rates.
Thanks,
Derry
emial:
Quote:
Originally posted by rachana patel
Quote:
Originally posted by Blue_Peafowl
I WAS GETTING PRIME -0.40=1.85%,
Hi Do u get VARIBALE from any bank ?
or Mcap, industrial alliance ?
I try to get this rate from Bank and no one is giving me.
I WAS GETTING PRIME -0.40=1.85%,
Pm me if you need my agent info
YOu can get prime-0.40 as low as,
Even fixed after he offer me 3.59%
Now you can get variable at prime - 0.45%
