Mortgage with Canadian Tire Bank

[小地主]

CBO Rates: closed mortgage rates

See above link. Does anyone hear of Canadian Tire Bank?

Its post rate is very attractive, for example, Variable is 3.85%, 5 yr fixed is 4.99%.

Any input?

 

[Danieljiang]

Canadian Tire 3.85% is a closed variable rate mortgage, and the interest rate is calculated monthly compound, some banks' mortgage rates are calculated semi-annually, when you compare the discount, the cost of borrowing at the end of 5 years is very similar.