[请教]mortgage - Fixed or Variable?

[mustard]

如果我借10万, amortization - 5年, term -5年
fixed rate 3.75%
variable rate prime+0.5 (目前是2.75%)
拿哪个好呢?

还有每月还款额应占税后收入的多少比较合适呢?

 

[小傻]

if i were you, i would pick fixed rate.

i am paying 1.5% closed variable rate (p- 0.75%) right now, and i am thinking to lock my rate (i.e., switch to fixed)...

 

[dkwan]

I always suggest my clients to pick the variable rate, and pay as if you got your fix rate.

 

[mustard]

if i were you, i would pick fixed rate.

i am paying 1.5% closed variable rate (p- 0.75%) right now, and i am thinking to lock my rate (i.e., switch to fixed)...

多谢意见!
1.5%, 太让我羡慕了! 当初选variable, 你真是有远见.

再多问一句, 所谓"lock rate", 是指switch to fixed的吗? 那fixed rate是按现在的posted fixed rate吗? 应该优点优惠吧.

 

[mrzyr]

if i were you, i would pick fixed rate.

i am paying 1.5% closed variable rate (p- 0.75%) right now, and i am thinking to lock my rate (i.e., switch to fixed)...

你是怎么拿到这样的利率的？我们也将申请贷款。谢谢

 

[小傻]

你是怎么拿到这样的利率的？我们也将申请贷款。谢谢

我很幸运，在去年十月底市场最紧张混乱的时候搭上了p-0.75%这班车。。。

感谢michael。。。i know you read this...

 

[小傻]

多谢意见!
1.5%, 太让我羡慕了! 当初选variable, 你真是有远见.

再多问一句, 所谓"lock rate", 是指switch to fixed的吗? 那fixed rate是按现在的posted fixed rate吗? 应该优点优惠吧.

i see inflation is on its way...fixed @3.50% or even lower would be a good choice...

 

[A.K.D]

varible rate prime+0.5 ??

Could you tell me from which bank you get :
variable rate prime+0.5 ? PC, TD, Firstline they provide +0.8

 

[OTTCHIN]

我很幸运，在去年十月底市场最紧张混乱的时候搭上了p-0.75%这班车。。。

感谢michael。。。i know you read this...

BOC prodicted it's not likely to raise the key-rate until Q2'10. You don't have to switch your rate in a rush.

 

[newer]

Always may not be the right word for this kind of thing in current economical turmoil. You may need to tell you clients to follow inflation numbers. Hyperinflation can ruin their lives.

I always suggest my clients to pick the variable rate, and pay as if you got your fix rate.

 

[newer]

Will the banks not raise their primary rate in this time period too? Theirs are different from the one of the central bank.

BOC prodicted it's not likely to raise the key-rate until Q2'10. You don't have to switch your rate in a rush.

 

[amao_agou]

HSBC: 5-year closed variable rate = P+0.5

go to hsbc website, you will see it.

 

[OTTCHIN]

Will the banks not raise their primary rate in this time period too? Theirs are different from the one of the central bank.

You're right. Prime and BOC's overnight are two different things, but it's rarely seen Prime not following BOC' step.

It's rarely seen the two rates out of sync, but we did see it happened twice recently. Commercial banks stole 2x 25 base-points in the last few months (other wise some of your guys would be paying a 0.8~1% Mortgage rate). What I can predict is, if BOC's overnight is lift in future, banks should give those 50 BP back to customers on the Prime Rate.

 

[blueray]

Canadian Banks hike the rate by 0.2% today. Read Metro of today.

You're right. Prime and BOC's overnight are two different things, but it's rarely seen Prime not following BOC' step.

It's rarely seen the two rates out of sync, but we did see it happened twice recently. Commercial banks stole 2x 25 base-points in the last few months (other wise some of your guys would be paying a 0.8~1% Mortgage rate). What I can predict is, if BOC's overnight is lift in future, banks should give those 50 BP back to customers on the Prime Rate.

 

[OTTCHIN]

Canadian Banks hike the rate by 0.2% today. Read Metro of today.

No, I checked 3 biggest commercial banks. Their Prime all stay @ 2.25% as of 9:11pm today.

I heard Mortgage 5 yrs closed have been lift 0.2~ 0.25% today, but not the Prime