[闲聊] 最近拿到的五年利率？

[笑傲江湖]

I just heard a lower rate for 5-year fixed... let's see whether I can get it....

 

[小傻]

最初由 xyz139 发布
I just heard a lower rate for 5-year fixed... let's see whether I can get it....

be very careful, your closing date is very likely to be delayed...when i was looking for my mortgage 1.5 years ago, 4.55% was not the best rate in the market then, but TD (as it was sort of with my builder) was the only one which would gurantee the rate to my closing, not matter when it was...

it turned out that the builder delayed my closing for nearly 2 months...

 

[笑傲江湖]

Yes, I hear you.

The rate I am looking for is good for 12 months... You are right, 小傻, if they can only hold the rate for 3 or 4 months, that will not work for me.

 

[oread]

No one knows, it seems. So let me rephrase my question: how often does a variable rate compound? Is there a norm in Canada? My impression is that ALL banks compound twice a year, but was now being told otherwise. What is it?

最初由 xyz139 发布
How often does it compound though?

 

[笑傲江湖]

For variable rates, some compound semi-annually, some compound monthly while some compound daily... There is no norm in Canada for variable rates......... so you have to ask the bank...

 

[笑傲江湖]

Only fixed rates compound semi-annually in Canada, regardless which Financial Institution you deal with...

 

[小傻]

最初由 渐渐 发布
No one knows, it seems. So let me rephrase my question: how often does a variable rate compound? Is there a norm in Canada? My impression is that ALL banks compound twice a year, but was now being told otherwise. What is it?

Guys, do we have enough discussion in this thread
http://comefromchina.com/newbbs/showthread.php?s=&threadid=357283

 

[bello]

just make a simple call and ask all those question to the banker

 

[oread]

Oh hohoho, you wouldn't believe the ignorance I've experienced! Like I said, no one really knows.

 

[笑傲江湖]

Scotia Bank offers 4.50% for 5-year fixed, but the rate can only hold for 120 days.

 

[小傻]

最初由 挺傻 发布
...历史信用记录很好，..

挺傻tong xue,

How do you guys in the bank judge this? Say, A's score in Credit Bureau is 799, what does that mean? say B's score is 780, is there any big difference between A and B?

thanks,

your classmate 小傻

 

[oread]

120天还不够？

最初由 xyz139 发布
Scotia Bank offers 4.50% for 5-year fixed, but the rate can only hold for 120 days.

 

[挺傻]

最初由 小傻 发布
挺傻tong xue, How do you guys in the bank judge this? Say, A's score in Credit Bureau is 799, what does that mean? say B's score is 780, is there any big difference between A and B?thanks,
your classmate 小傻

小傻同学，偶认为A和B都是非常好的信用记录，偶不认为他们之间有啥大的区别。看到A和B都是非常干净的信用记录，很放心。
不同的银行对CREDIT BUREAU的分数会有不同的解释。所以在一家银行是A，也说不定到另一家就是B。
A和B之间我能想到的区别就是A的人基本上在过去的1－2年中没有被任何机构去HARD HIT过信用记录。A和B都需要没有拖欠帐目，没有被人家追帐，没有超过自己的信用额度使用，等等。
如果想保持好的信用记录，当然不要拖欠帐款很重要，然后就是最好不要总是超过你CREDIT LIMIT的75％，而且每张卡不要都使用将近LIMIT，更不能超过你的信用额度。
同学，你满意不。

 

[挺傻]

偶今天打了电话到了BMO和CIBC，实在对不起大家只打了两个，因为这两个电话就花了我半个小时还多。因为第一个接电话的人都不能回答，然后转来转去，不过最终算是拿到结果啦。
BMO的是monthly compounded的。起码现在OFFER的那个PRIME RATE 减很多的那个是。
CIBC的那个是SEMI ANNUALLY的，起码现在那个OPEN 的PRIME RATE的那个OFFER是。

SCOTIA的那两个，绝对不会错的。

 

[笑傲江湖]

No, my closing date is in Oct....

最初由 渐渐 发布
120天还不够？