Hi Friends
I am thinking of going from variable to fixed mortgage rate for 5 yrs closed period. I may not go for fix rate right now and just break existing contract for varialbe rate and switch to a new mortgage provide company offering best rate in the industry.
So can you advise what is the best rate available for 5 yrs closed variable ???
Much appreciated.
Thanks
Visit this website you have some inforamtion on rates for fixed and Variable rates : http://www.centum.ca/mukesh_patel
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
Quote:
Originally posted by rainforest
Hi Friends
I am thinking of going from variable to fixed mortgage rate for 5 yrs closed period. I may not go for fix rate right now and just break existing contract for varialbe rate and switch to a new mortgage provide company offering best rate in the industry.
So can you advise what is the best rate available for 5 yrs closed variable ???
Much appreciated.
Thanks
Quote:
Originally posted by rainforest
Hi Friends
I am thinking of going from variable to fixed mortgage rate for 5 yrs closed period. I may not go for fix rate right now and just break existing contract for varialbe rate and switch to a new mortgage provide company offering best rate in the industry.
So can you advise what is the best rate available for 5 yrs closed variable ???
Much appreciated.
Thanks
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
It is nice to see your response to the OP's queries.
I wanted to know the terms and conditions that are existing currently, as they are changing every other week and it is difficult to keep up. Plus, people in your position are able to help them with slightly better rates and conditions than the ones we normally encounter in the Mortgage markets.
Thanks for a good run down on the basics too. This should help one from making costly blunders.
Freddie.
Quote:
Originally posted by rainforest
Hi Friends
I am thinking of going from variable to fixed mortgage rate for 5 yrs closed period. I may not go for fix rate right now and just break existing contract for varialbe rate and switch to a new mortgage provide company offering best rate in the industry.
So can you advise what is the best rate available for 5 yrs closed variable ???
Much appreciated.
Thanks
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Ram Saravanan
REALTORĀ®
Homelife Landmark Realty Inc. Brokerage
Tel: 647-200-2266
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