mortgage rate

[qiuyi_01]

CMLS financial offers five yr fixed at 2.59%.

Anybody heard of CMLS? Is there any risk to use broker than bank?

Thanks

 

[向问天]

这家我在用，没问题。

 

[qiuyi_01]

这家我在用，没问题。

Thank you very much.

 

[冷笑十声]

CMLS financial offers five yr fixed at 2.59%.

Anybody heard of CMLS? Is there any risk to use broker than bank?

Thanks

他借你钱，有什么担心的。最差是五年后不能续借而已，换一家即可。

 

[向问天]

需要事先了解的2项：
容许多还钱吗？
提前终止罚多少？

 

[冷笑十声]

需要事先了解的2项：
容许多还钱吗？
提前终止罚多少？

2.59的利率很好了，有多余的钱可以投资，比还款强。

 

[qiuyi_01]

他借你钱，有什么担心的。最差是五年后不能续借而已，换一家即可。

My mortgage is now with RBC at a higher rate, I'm refinancing to have a better rate.

RBC is offering five yr fixed at 2.79%, if I stay with RBC, I don't need to pay discharge fee which is 376 dollars, I don't need to pay 560 legal fee from CMLS.

I just don't know if it's a good idea to switch from RBC to CMLS.

 

[冷笑十声]

My mortgage is now with RBC at a higher rate, I'm refinancing to have a better rate.

RBC is offering five yr fixed at 2.79%, if I stay with RBC, I don't need to pay discharge fee which is 376 dollars, I don't need to pay 560 legal fee from CMLS.

I just don't know if it's a good idea to switch from RBC to CMLS.

depends how much mortgage you borrowed from RBC

 

[向问天]

My mortgage is now with RBC at a higher rate, I'm refinancing to have a better rate.

RBC is offering five yr fixed at 2.79%, if I stay with RBC, I don't need to pay discharge fee which is 376 dollars, I don't need to pay 560 legal fee from CMLS.

I just don't know if it's a good idea to switch from RBC to CMLS.

每10万每年省$200.
Do your own math.

 

[uglyducking]

depends how much mortgage you borrowed from RBC

$100,000 save $200/year， 5 years save $1000
$10,000,000, save 20,000/year, 5 years save $100,000

 

[qiuyi_01]

每10万每年省$200.
Do your own math.

Isn't the mortgage rate compounded? It should save me a little bit more than $200 for every 100k/yr but I don't know how much it is.
My mortgage is about 200k, for five year, it will save me more than 2000 if I switch.
If I switch, I need to pay 376 discharge fee + 560 legal fee = 936.
Right now, I don't know if there will be an appraisal which will cost another 250. I don't think there will be a appraisal for my case.

So if there is no appraisal, I should switch.

 

[向问天]

Isn't the mortgage rate compounded? It should save me a little bit more than $200 for every 100k/yr but I don't know how much it is.
My mortgage is about 200k, for five year, it will save me more than 2000 if I switch.
If I switch, I need to pay 376 discharge fee + 560 legal fee = 936.
Right now, I don't know if there will be an appraisal which will cost another 250. I don't think there will be a appraisal for my case.

So if there is no appraisal, I should switch.

是 Compounded, 但是同时你借的钱也越来越少。
抵消 Compound.

 

[qiuyi_01]

是 Compounded, 但是同时你借的钱也越来越少。
抵消 Compound.

Thanks.
Just confirmed that there is no appraisal, so I will switch.

 

[qiuyi_01]

需要事先了解的2项：
容许多还钱吗？
提前终止罚多少？

They allow 20% lump sum payment every year.
Did ask about penalty if pay off before 5 yr end.

 

[向问天]

They allow 20% lump sum payment every year.
Did ask about penalty if pay off before 5 yr end.

一般罚三个月的利息。