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Originally posted by Airwarrior

The rate that is being offered to you (-.85) is the best as of today. Secondly, even if you go on amort. period of 30 years...it doesn't cost you anything extra to pay it back in 6 years. You can always pay back 15 % extra every year of your principal. It is better to have max amort..in case u may require it . Because to increase the amort period, u have to take approval again...so better to have full amort from beginning.
The appraisal fee is $250 and it is not charged at the time of renewal. If you are re-financing and the price has to be verified with the market than only it is made a requirement.
There is no other hidden charges for renewal of mortgages.
Please feel free to PM me for any other info on this

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pranav shah

What is AMS? What's their website or contact information?

Thanks.

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He who has not acquired one of the following: religious merit (dharma), wealth (artha), satisfaction of desires (kama), or liberation (moksa) is repeatedly born to die

I settled for 2.25% for 5 years variable closed with my existing lender. I was getting even 2.2% but they were demanding a lots of documents from me. As it is a refinancing (with penalty), I settled for the existing one due to no unnecessary paperwork is required, other than the usual T4s, salary slips, etc. I am still happy as the savings will be huge compared to the 5.9% (fixed) that I have right now (damn!)

Good luck for y'all.

Hi friends,
The mortgage offered to me has a fee structure specified at the time of signing as under.
Adm fees=495
Assignment fees=260
Discharge fees=260

Total of 1015 $

(I am with another lender and now getting it mortgaged with a different lender)

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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.

No ads here.

Bargain as much as u can.. all these fees can be removed by bargaining
I had my Adm fees removed from my mortgage.. i did not have to deal with Assignment and discharge fees

Quote:

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Originally posted by peacock1

Hi friends,
The mortgage offered to me has a fee structure specified at the time of signing as under.
Adm fees=495
Assignment fees=260
Discharge fees=260

Total of 1015 $

(I am with another lender and now getting it mortgaged with a different lender)

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Quote:

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Originally posted by dudewheresmycar

Bargain as much as u can.. all these fees can be removed by bargaining
I had my Adm fees removed from my mortgage.. i did not have to deal with Assignment and discharge fees

Quote:

---

Originally posted by peacock1

Hi friends,
The mortgage offered to me has a fee structure specified at the time of signing as under.
Adm fees=495
Assignment fees=260
Discharge fees=260

Total of 1015 $

(I am with another lender and now getting it mortgaged with a different lender)

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