最初由 ottawastudent 发布
I got 5.19% in May. Now the 5 yrs fix is about 5.6 in BM0.
My mortgage broken is Min Cai. She can be reached at 613-8679688.
When I contacted the mortgage broker in May, there is a promotion on mortgage in BMO. It was 4.89% for 5 yrs, but reqired the closing day within three months. Very unfortunately, my house is scheduled to close in Nov. So the broker suggested me to first take this 5.19% which is open for one year, and see how it is going on with the mortgage rate. At that time I felt this rate is a little higher, but now it is a good one. So from my experience, I suggest that right after you signed a purchase contract, it is better to start seeking your finance and secure a rate for 3mon, 6mon, 9mon, or one year, depending on your closing date. When close to your closing day, you will have some choices to decide which rate or timeframe you want to take.
Good luck!