精华 Traditional Mortgage and Manulife One

[小傻]

London Life's post rate is 3.75%, that's prime - 1%.

I am still looking for the banks (i.e., not direct banking) to match that rate. If I have further information, I will let you know...

 

[mmb]

5-year Scotia Bank's Flex Value Mortgage Open at (Prime - 0.75%), no cap.
Payments will fluctuate with changing interest rates.

The Open 5-yr Flex offers more FLEXibility as it is completely open, and there is
no interest penalty or constraints to early-renew or prepay.

Scotia Bank also offers Total Equity Plan, = the Manulife One (rates at Prime). I find it convenient as I use as my emergency fund, so I don't keep a sizable balance at the bank.

 

[小傻]

5-year Scotia Bank's Flex Value Mortgage Open at (Prime - 0.75%), no cap.
Payments will fluctuate with changing interest rates.

The Open 5-yr Flex offers more FLEXibility as it is completely open, and there is
no interest penalty or constraints to early-renew or prepay.

Scotia Bank also offers Total Equity Plan, = the Manulife One (rates at Prime). I find it convenient as I use as my emergency fund, so I don't keep a sizable balance at the bank.

This is I don't understand.

Can I use Scotia Bank's Flex Value Mortgage Open at (Prime - 0.75%) no cap combined with home equity line of credit (assume at prime rate as other banks do)?

If I can, then why I go for its Total Equity Plan? There must be some restrictions here.

Where is ting 傻, she must know.

 

[LXM]

London life's rate is introductory rate 3.75% for 6 month only. It doesn't say it is prime -1%. What it will be after 6 month nobody knows.

We can arrange prime - 0.9% 5 year closed variable. minimum 150K.

 

[小傻]

London life's rate is introductory rate 3.75% for 6 month only. It doesn't say it is prime -1%. What it will be after 6 month nobody knows.

We can arrange prime - 0.9% 5 year closed variable. minimum 150K.

How about Investor Group? They do 3.75% as well...

What's the best fully open variable rate you can arrange? thanks..

 

[挺傻]

This is I don't understand.

Can I use Scotia Bank's Flex Value Mortgage Open at (Prime - 0.75%) no cap combined with home equity line of credit (assume at prime rate as other banks do)?

If I can, then why I go for its Total Equity Plan? There must be some restrictions here.

Where is ting 傻, she must know.

home equity line是在total equity plan里面的。其实有了PLAN你的灵活度更大一些。我喜欢一切OPEN，万不得已才定CLOSE的，如果就差不到.25，可能还是OPEN的好些。
小傻GG又要换大HOUSE了吗？恭喜恭喜。

 

[LXM]

How about Investor Group? They do 3.75% as well...

What's the best fully open variable rate you can arrange? thanks..

If you check their web, the rate 3.75% is 6 month introductory rate only. The best we have now is Prime - 0.9%, 5 year, semi-annually compound, can pay 25% more each year.

 

[china003]

LXM, could you pls share where can you get 'The best we have now is Prime - 0.9%, 5 year, semi-annually compound, can pay 25% more each year. ' ?

Thanks.

 

[小地主]

If you check their web, the rate 3.75% is 6 month introductory rate only. The best we have now is Prime - 0.9%, 5 year, semi-annually compound, can pay 25% more each year.

what's the definition of your 25%? Is it 25% of original principle?

 

[LXM]

Now that promotion offer (prime - 0.9%) has expired (date May 31, 2008).

The best rate can offer now is Prime -0.8%.

25% means you can pay principlex25% more each year. Now there is a good offer for 5 year fix rate 4.99%, but there is a condition that you have to borrow at least $500,000.00.