[请求] 请求分享大家找mortgage的经验

[huaih]

我现在在找mortgage，非常痛苦，5.99 hold一年，连和我bargain的意愿都没有。大家都找哪家银行的贷款？

 

[merrywind]

Try

Mary McDonald
Senior Personal Banking Officer
2 Beaverbrook Road
Kanata
Tel. (613) 591-3825

I shopped around and found the best rate from her about six years ago. 3.33% for one year fixed in 2001. After that got 4.01% for three years fixed. Both were much better than the other banks. She is very professional. I feel very comfortable to work with her over the years. Fully satisfied and highly recommended.

Good luck!

 

[merrywind]

Mary works for the Scotia bank at the above address.

 

[huaih]

Many thanks. I will contact him to see...

Now seems here few mind to share now

 

[keen_observer]

最初由 huaih 发布
我现在在找mortgage，非常痛苦，5.99 hold一年，连和我bargain的意愿都没有。大家都找哪家银行的贷款？

Try to shorten the mortgage rate guarantee period. One year is a long time. To offset the rate hike risk, the banks have to charge higher interest rate in order to guarantee for one year.

I generally use ING's mortgage rate for reference. http://www.ingdirect.ca/en/mortgages/index.html

Anything that matches ING's rate is acceptable; if it is better than ING's rate, it is consider an excellent deal. Don't settle for anything that is worst than ING's rate

 

[foreveryong]

This place beat ING's rate:

http://www.foreveryong.com/4a_affiliates_page.php?id=3239

She can match rates, offer *free* account from BMO and air miles:
http://www.foreveryong.com/4a_affiliates_page.php?id=3230

Good luck.

 

[dkwan]

The best bet for mortgage hunting is thru a independent mortage agent/broker,
since they have the network of lender for you to choose from.

if you go each and everybank to hunt for mortgage, each company hits your crerdit history. Then you report will shows a lot of hit and eventually, your credit will becomes horrible.

Talk to a mortgage broker today~
http://www.caamp.org/index_e.htm

 

[huaih]

楼上说的很有道理，I donot want to be approved by everybody,

Just want to find the lowest as much as I can find, then go for it.

 

[kliu]

I found that Mortgage brokers mostly can't get the lowest rate because they have to earn commission.

They will offer you comparable rates with small lenders, but those lenders have less advantages. For example, for BMO, you can have the 20/20 option to pay off your mortgage earlier or save $ on penality if you need to break your mortgage. BTW, BMO no longer offers Air Miles for mortgage.

National Bank, Scotia, BMO all seem to be aggressive in getting the mortgage business, so you can very likely get lower rate from them without sacrificing the benefits from big banks. You can usually get -1.5 to -1.75 discount from their posted rate. If they can't get the lowest rate, they will offer free appraisal, cash back etc.. to offset.

For the last 4 times we shopped for mortgage, the mortgage brokers had all failed to meet/beat the rate from the major banks that we got.

If you have a lot of savings in your bank account earning just 4% interest, you might consider something like the Manulife One http://www.manulifeone.com/canada/mBank.nsf/Public/mone

BTW, don't try to get too many pre-approvals because that could hurt your credit record.