mortgage rate

[rouge]

what mortgage rate you guys got?

anyone gets variable better than prime minus 0.6 now?

 

[OCAC]

where did you get prime minus 0.6?

 

[rouge]

my broker shopped around for me, it is from CIBC

 

[sera]

3- year or 5 -year?

Thanks!

 

[Littlecesar]

my broker shopped around for me, it is from CIBC

Be very careful! CIBC is good at posting a big sign saying P-0.6%, but it's actually only 12-month P-0.6. Then you will get high rate in the following years.

 

[jmm]

my friend got p-0.5 by 5 years from his broker.

 

[rouge]

either 3 yrs or five years.

 

[Concrete]

how do you guys mix the different plans such as some variable some fixed? Thanks for sharing

either 3 yrs or five years.

 

[jmm]

i have one house use that plan half fixed, half variable , my broker get it done for me, you can call her, Jennfier 613-8518807

 

[rouge]

what do you mean? The rate always varies with the prime if it is variable mortgage. If the contract is prime minus 0.6%, then the point reduction is always fixed though. The risk is that when the pprime moves up and you pay more.

Be very careful! CIBC is good at posting a big sign saying P-0.6%, but it's actually only 12-month P-0.6. Then you will get high rate in the following years.

 

[hongyong]

scotial bank 给我5年固定利率4.59%是否合适，其他银行是不是有更好的offer?

 

[jmm]

4.25% 5 YEARS my friend got it from his broker

 

[JK Ottawa]

This is posted in ING's website (June 4th, 2010):
Current Interest Rates

5 Year Variable2.00%
1 Year Fixed3.15%
2 Year Fixed3.65%
3 Year Fixed3.99%
4 Year Fixed4.49%
5 Year Fixed4.49%
7 Year Fixed5.45%
10 Year Fixed5.70%

I think if you do not have credit issues, it is easy to get better rate than above.

 

[我帮你改改吧]

BMO: 5 year (Low-Rate) 4.250%

http://www.bmo.com/home/personal/banking/mortgages-loans/mortgages

 

[hongyong]

BMO: 5 year (Low-Rate) 4.250%

http://www.bmo.com/home/personal/banking/mortgages-loans/mortgages

什么叫五年low rate ，和五年固定利率４．５９％的有什么区别？