Mortgage未到期前银行来信要改rate

[GoneWithTheWind]

几年前,和银行签了一个Variable Rate的Home Equity Line Of Credit.

合同上是 prime rate - A%.

现在加拿大prime rate 是2.25%, 之前一直是 按2.25%-A%来算的.

刚来了信,银行说借款成本高了之类, 要把他们给我PRIME RATE从2.25% 升1%,即到3.25% (2.25%+1%).

在合同期未到, 他们就单方面修改条款, 太过分了吧.大家谁有类似情况?

 

[register0001]

CIBC?

 

[Timothy's]

Home Equity Line Of Credit is not a Mortgage.

 

[lifelife]

Bank can do this. The ratio could be changed monthly. That's normal for a Variable Rate.

 

[KIKI&COCO]

Bank can do this. The ratio could be changed monthly. That's normal for a Variable Rate.

个人理解是，如果mortgage是Closed Variable，在合同期内银行是不能改变这个ratio的，即便是Line of Credit。

 

[xtina]

line of credit is not mortgage

check your contract, there is more details.

 

[king_king]

I guess that what you said was Mortgage, not the Home Equity Line Of Credit.

The bank has the right to increase the mortgage rate when the rates are higher in the markets because you applied for a Variable Rate, and also, your advantage would come in when the rates decrease at the certain period of contract time.

 

[GoneWithTheWind]

I guess that what you said was Mortgage, not the Home Equity Line Of Credit.

The bank has the right to increase the mortgage rate when the rates are higher in the markets because you applied for a Variable Rate, and also, your advantage would come in when the rates decrease at the certain period of contract time.

我的是Home Equity Line of Credit(可能和Mortgage不同,对消费者说大部分情况下是一样的), 3年期合同, variable minus 0.85%. 两年多来, 它的prime rate确实是浮动,从5.45%多一直跌到2.25%. 2.25%prime好象持续了4-5个月.

 

[巴菲]

我的是Home Equity Line of Credit(可能和Mortgage不同,对消费者说大部分情况下是一样的), 3年期合同, variable minus 0.85%. 两年多来, 它的prime rate确实是浮动,从5.45%多一直跌到2.25%. 2.25%prime好象持续了4-5个月.

合同到期之后银行可以改RATE，但合同期内是不可以改的。

 

[king_king]

我的是Home Equity Line of Credit(可能和Mortgage不同,对消费者说大部分情况下是一样的), 3年期合同, variable minus 0.85%. 两年多来, 它的prime rate确实是浮动,从5.45%多一直跌到2.25%. 2.25%prime好象持续了4-5个月.

我明白了。你的 loan 是 home equity loans，他们给你的是 up to 85% of equity 还 75%？有两种 home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。

因为你的是 Variable Rates 的 home equity loans，当 prime rate 高时，银行还是有权利更改你的 rate。但同样，当 prime rate 低时在合同期里就对你有利了。

 

[GoneWithTheWind]

我明白了。你的 loan 是 home equity loans，他们给你的是 up to 85% of equity 还 75%？有两种 home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。

因为你的是 Variable Rates 的 home equity loans，当 prime rate 高时，银行还是有权利更改你的 rate。但同样，当 prime rate 低时在合同期里就对你有利了。

"home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。"

看来银行的名堂还很多.让我不爽的是,在银行网站和信中,白底黑字,prime = 2.25%.

他们楞是把这个公开的prime 给我加了1% 做基数. -0.85%是银行暗的折扣. 当时协议是这个"prime"- 0.85%是我的实际的HOME EQUITY LINE OF CREDIT interest rate. 明天给他们打电话去.

 

[mooncake]

几年前,和银行签了一个Variable Rate的Home Equity Line Of Credit.

合同上是 prime rate - A%.

现在加拿大prime rate 是2.25%, 之前一直是 按2.25%-A%来算的.

刚来了信,银行说借款成本高了之类, 要把他们给我PRIME RATE从2.25% 升1%,即到3.25% (2.25%+1%).

在合同期未到, 他们就单方面修改条款, 太过分了吧.大家谁有类似情况?

did they raise prime rate (2.25%) or raise A%?
I think they are free to raise prime rate, but not A%.
BTW, who is your bank?

 

[mooncake]

"home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。"

看来银行的名堂还很多.让我不爽的是,在银行网站和信中,白底黑字,prime = 2.25%.

他们楞是把这个公开的prime 给我加了1% 做基数. -0.85%是银行暗的折扣. 当时协议是这个"prime"- 0.85%是我的实际的HOME EQUITY LINE OF CREDIT interest rate. 明天给他们打电话去.

OK, they raise their prime rate. They may update their web post prime rate very soon.

 

[Ayin_Ottawa]

"home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。"

看来银行的名堂还很多.让我不爽的是,在银行网站和信中,白底黑字,prime = 2.25%.

他们楞是把这个公开的prime 给我加了1% 做基数. -0.85%是银行暗的折扣. 当时协议是这个"prime"- 0.85%是我的实际的HOME EQUITY LINE OF CREDIT interest rate. 明天给他们打电话去.

LZ是不是从这个帐号借了钱？如果你没有借钱，那么为什么再乎这个利率呢？

我的Home Equity Line Of Credit是prime + 2. 后来来信说要再加一个点。不过我也没有在意，因为我没有借钱。利率高低都没有关系。

Good luck,

 

[king_king]

"home equity loans，the loan on the home equity line of credit (HELOC) 和 the closed-end home equity loan (second mortgage)。"

看来银行的名堂还很多.让我不爽的是,在银行网站和信中,白底黑字,prime = 2.25%.

他们楞是把这个公开的prime 给我加了1% 做基数. -0.85%是银行暗的折扣. 当时协议是这个"prime"- 0.85%是我的实际的HOME EQUITY LINE OF CREDIT interest rate. 明天给他们打电话去.

你应该仔细看看银行给你的来信，看看他们给你的 New Rate 的 effective date。从你说的情况来看，你三年的合同期快要到了，有可能你的 rate 是在你的合同期之后生效，这样银行就可以这样做。现在的 prime rate 是 2.25% Daily Digest- Rates and Statistics- Bank of Canada，近期内不会有什么变化。你应该给你的银行去电话问清楚。