What is the five year fixed mortgage rate you get?

[jeffhoxu]

Has anyone applied for a five year fixed rate mortgage recently? What is your rate? Thx!

 

[AfterDie]

http://www.comefromchina.com/newbbs/showthread.php?s=&forumid=51&threadid=311203

 

[挺傻]

明天起scotia的五年fix mortgage 降低0.1%.posted rate will be 6.30%. Of course, you will get some discounts.

 

[挺傻]

我觉得好像是个规律,就是利率长后, mortgage就会在这后面的两周左右降点.降的主要是4年以上的,一般利率变化25bps,mortgage 变化10bps.然后过那么一个月左右,Mortgage利率就会又涨上去.涨到比原来没降前的高.
所以我觉得如果想买房啥的,可以利用降的这个时间去做pre-approval,然后慢慢考虑,找房什么的,反正还有利息的保证期,省的mortgage rate涨了以后就要按高的rate作为基准了.

 

[ZDP]

最初由 挺傻 发布
我觉得好像是个规律,就是利率长后, mortgage就会在这后面的两周左右降点.降的主要是4年以上的,一般利率变化25bps,mortgage 变化10bps.然后过那么一个月左右,Mortgage利率就会又涨上去.涨到比原来没降前的高.
所以我觉得如果想买房啥的,可以利用降的这个时间去做pre-approval,然后慢慢考虑,找房什么的,反正还有利息的保证期,省的mortgage rate涨了以后就要按高的rate作为基准了.

Can I go to apply for pre-approval mortgage without showing banks any documents from builder or personal sellers if I have not yet decided which one to buy. I'm wondering how banks decide how much lend to you.

 

[AfterDie]

最初由 ZDP 发布


Can I go to apply for pre-approval mortgage without showing banks any documents from builder or personal sellers if I have not yet decided which one to buy. I'm wondering how banks decide how much lend to you.

yes, you can. banks will check your credit and income.

 

[挺傻]

银行会根据你的收入及相关情况给你一个可以贷款的大致数额.这个数额并不是定死的,要看你最后买房的价格等等其他因素才能最后决定.
这个pre approval对你来说没有什么约束力,你可以以后贷款也可以不贷款.但是对你有好处,就是你做的这个申请上面的利率会保证在120天有效,如果这120内利率上升你还可以按照你最初申请时候的利率获得mortgage.

 

[oread]

Just a slight change to this: valid period for mortgage pre-approval varies among banks, some offer 120 days, some 90 days, so check with the bank.

最初由 挺傻 发布
就是你做的这个申请上面的利率会保证在120天有效,如果这120内利率上升你还可以按照你最初申请时候的利率获得mortgage.

 

[Havenlee]

We had 5.45 almost two years ago with ScotiaBank.

 

[挺傻]

最初由 Havenlee 发布
We had 5.45 almost two years ago with ScotiaBank.

那你可以考虑去找银行BLEND一下或者看看其他什么方案把利率降低点呀.

 

[笑傲江湖]

I just get my mortgage approved @ 5.15% plus 1% cash back. The bank will choose the lowest rate from the application date to the closing date as my final rate..

 

[雪在烧]

ING direct offer 5.05%. A friend of mine got 5.10% from TD. Another friend got 4.95% from CIBC.All within one week.

 

[雪在烧]

大家认为浮动在prime-0.75%怎么样? 和fixed and closed at 4.95%相比.

 

[笑傲江湖]

The effective rate of the 5.15% plus 1% cash back (if you apply the cash back to the mortgage immediate on the closing day) would be 4.88%. The rate is guranteed to my closing date - Oct/Nov 05, much more than 120 days...

 

[笑傲江湖]

In one or two years, it is good, but later on, I don't know (depends on your conversion rate and the term as well)since we all know the prime will go up for sure, how much??? I don't know... If you are a risk-taker, you might want to consider it; otherwise, stay away from it.

最初由 ESCAPE 发布
大家认为浮动在prime-0.75%怎么样? 和fixed and closed at 4.95%相比.