[mortgagegopher]

作者: LF111

Fully open "Prime - 0.85"
5-Year variable Closed is "Prime - 1%"

From RBC

These are very good rates as of March 6th, 2008.

You may also consider the monthly payment increase and annual pre-payment options when you select the bank for the mortgage.
These options are very useful and will save you some penalty payment if you will pay back the "closed" mortgage prior the end of the term (e.g. 5 years in your quotation). For example, selling the house.

From the banks web sites,

RBC offers 10% for monthly payment increase option and 10% for annual pre-payment option.

Soctia offers 15% for monthly payment increase option and 15% for annual pre-payment option.

BMO offers 20% for monthly payment increase option and 20% for annual pre-payment option.

[LF111]

Check ad on any Chinese Estate New Paper published at Ontarion. Most of them is at Toronto. Call them one by one. I called RBC branch located at Finch & 400 at Toronto. They can provide the service for Ottawa

[harrychina]

My mortgage is with Scotia bank, and it's time to renew now, the best rate they give me is prime -0.7 variable for five years. Does anyone get a better deal with the same bank?

Thanks

[BRJ]

Prime-1%? I guess the mortgage is at least $500K. Do you have their contact #? thanks

作者: LF111

Check ad on any Chinese Estate New Paper published at Ontarion. Most of them is at Toronto. Call them one by one. I called RBC branch located at Finch & 400 at Toronto. They can provide the service for Ottawa

[CHEUNG]

My mortgage is time to renew but TD Bank only offer posted rate -0.5%, and their posted rate at today (March 19) is 5.75 and the lady said tomorrow will drop to 5.25 so after -0.5 that will be 4.75, is this the best rate that I can deal with?? Thanks.

[挺傻]

作者: CHEUNG

My mortgage is time to renew but TD Bank only offer posted rate -0.5%, and their posted rate at today (March 19) is 5.75 and the lady said tomorrow will drop to 5.25 so after -0.5 that will be 4.75, is this the best rate that I can deal with?? Thanks.

你说的POST RATE 是不是PRIME RATE?
减0.75是很多银行都给的.五年的.

[小傻]

What will be the trend for the next couple years for the mortgage market? Shall we choose fixed rate or variable rate?

Looking for valuable opnions..

[陨石]

作者: 小傻

What will be the trend for the next couple years for the mortgage market? Shall we choose fixed rate or variable rate?

Looking for valuable opnions..

My invaluable opinion:
Rates are decreasing in general. It is better to choose variable rates.

[right4you]

作者: LF111

Fully open "Prime - 0.85"
5-Year variable Closed is "Prime - 1%"

From RBC

非常感兴趣，能share联系方法吗？

[moose]

Canadian tire:
5 yr variable 3.85%
5 yr fixed 4.99%

https://www.myctfs.com/Rates/MortgageRates/

[Regina]

作者: LF111

Check ad on any Chinese Estate New Paper published at Ontarion. Most of them is at Toronto. Call them one by one. I called RBC branch located at Finch & 400 at Toronto. They can provide the service for Ottawa

Is there any trouble at closing day if the bank is at Toronto?

[Day_Dreamer]

作者: 小傻

What will be the trend for the next couple years for the mortgage market? Shall we choose fixed rate or variable rate?

Looking for valuable opnions..

According to some news report, the central bank may lower the interest rate one or two times by the end of this year, but with prices for food, gas and many other stuff are going up, there is a risk of higher inflation, which will prompt the central bank to raise the interest rate. IMO, variable rates for three years might be a better option, compared to 5-year variable and fixed rate. You won't lose even if interest rate goes up a bit in the next couple of years. But some banks, like TD, do not offer 3-year variable rate.

[挺傻]

我选五年VARIABLE OPEN的，PRIME－0.75。估计今年不会涨息，明年要是开始进入涨息时间再固定下来也来得及。反正是OPEN的，也没有OBLIGATION。如果在CLOSE减1和OPEN 减0.75之间，我选择OPEN.