mortgage rate

[qiuyi_01]

一般罚三个月的利息。

they use two ways to calculate, one way is 三个月的利息, the other way is to use (posted rate - your rate) * months remaining (I think) and they charge you the higher one.

 

[冷笑十声]

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

花936，省了多少？1000？你刚签RBC的mortgage？

 

[qiuyi_01]

花936，省了多少？1000？你刚签RBC的mortgage？

much more than 936 because RBC will charge me about 2k penalty.
I renewed last fall when the mortgage rate was very high, half of my mortgage is 3.39 for 2 yr, the other half is 3.69 for 5 yr.

 

[uglyducking]

much more than 936 because RBC will charge me about 2k penalty.
I renewed last fall when the mortgage rate was very high, half of my mortgage is 3.39 for 2 yr, the other half is 3.69 for 5 yr.

go variable

 

[Anakin]

楼主你借钱你怕个毛线呀？他敢借钱给你，你还怕他跑了？

 

[qiuyi_01]

go variable

variable rate is high, over 3% I guess, not sure.

 

[向问天]

go variable

我现在的 Variable 3.4%

 

[qiuyi_01]

楼主你借钱你怕个毛线呀？他敢借钱给你，你还怕他跑了？

I'm just not sure about borrowing from broker instead of bank, if there is hidden fees etc.

 

[Anakin]

much more than 936 because RBC will charge me about 2k penalty.
I renewed last fall when the mortgage rate was very high, half of my mortgage is 3.39 for 2 yr, the other half is 3.69 for 5 yr.

问问出借的你转过去给不给你cover

 

[uglyducking]

我现在的 Variable 3.4%

为毛不转成fix的呢?又没有penalty

 

[GuardianAngel]

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.

2.79% with RBC for 5 years is already very good.

I just remortgaged mine with RBC for a 5 year fixed of 2.85% a week ago... Much worse

 

[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.

much more than 936 because RBC will charge me about 2k penalty.
I renewed last fall when the mortgage rate was very high, half of my mortgage is 3.39 for 2 yr, the other half is 3.69 for 5 yr.

why just stay with RBC and accept 2.79% rate? switch to CMLS you only save 1000-936=$64. doesn't worth it

 

[向问天]

为毛不转成fix的呢?又没有penalty

还有几个月到期了。
我做事干干净净。

 

[冰中取火]

楼主你借钱你怕个毛线呀？他敢借钱给你，你还怕他跑了？

跑了最好，找不到人不用还钱了。
最近有最低2.19的。

 

[向问天]

刚刚去问了，我的3.4要换只能得到3.29，因为只有一年了。如果换成5年的要交罚款。