现在的line of credit的利率能拿到多少？

[babies]

有可能拿到比 PRIME+1% 更好的RATE吗? 有谁最近申请过, 在哪里申请的, 可否上来分享一些? 谢谢啦!

 

[lebut]

有可能拿到比 PRIME+1% 更好的RATE吗? 有谁最近申请过, 在哪里申请的, 可否上来分享一些? 谢谢啦!

反问一下: 你在哪里能拿到 "PRIME+1%"?

 

[mooncake]

反问一下: 你在哪里能拿到 "PRIME+1%"?

TD variable interest rate mortgage closed P+0.3%
TD variable interest rate mortgage open P+0.8%
I think you can get LOC at P+1% or less.

 

[PAL]

What is prime now? I got 2.25%.

 

[密码人]

hey mc, mortgage is different from other types of loan, its rate is always the lowest.

lebut is right, you would be lucky if you could get the loc at prime + 1%.

 

[gettomaybe]

LOC is a kind of unssecured loan. The bank assumes much higher risk in it than mortgage. Generally, there is no way you can get prime+1%.

The best I have ever been offered was 7%. Now I know someone got 10%.

 

[mooncake]

LOC is a kind of unssecured loan. The bank assumes much higher risk in it than mortgage. Generally, there is no way you can get prime+1%.

The best I have ever been offered was 7%. Now I know someone got 10%.

I thought LZ talked about HELOC. should be very close to open variable interest rate mortgage. Otherwise unsecured loan has nothing to do with prime rate, all depends on your credit score.

 

[babies]

I meant the home secured LOC, usually higher than mortgage rate. my mortgage broker gives me this p+1 LOC rate. it was always P before the crash. I remember some people said they got p+0.85 a few months ago. just wondering if p+1 is negotiable.

 

[rosam]

I applied line of credit. It's between 2-3%, more or less.

 

[oureal]

There is big difference between Line of credit and Home Equity Line of Credit.

 

[Encore]

Home Equity Line of Credit with Investment Planning Councel Investment Planning Counsel - Live your Dream is at prime rate only.

 

[zhzh]

Home Equity Line of Credit with Investment Planning Councel Investment Planning Counsel - Live your Dream is at prime rate only.

Some lenders (such as big banks TD, Scotia...) also provide HELOC at prime rate, total limit might be a little lower , and you could talk with mortgage adviser about that