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Thread: Latest Best Mortgage rates

  1. #91
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    @MortgageQueen , thanks for sharing such useful information for the newbies who are looking forward to take on mortgage loans.

  2. #92
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    @MortgageQueen , thanks for sharing such useful information for the newbies who are looking forward to take on mortgage loans.
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  3. #93
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    @graceallen , Your Welcome! although I doubt any of us "look forward" to a mortgage. Lol!

    A necessary evil I suppose, but might as well be smart about getting the best one, right?
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  4. #94
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    True there are many levels of humanity, but when was the last time you saw someone admit they have bad / unethical traits?

    Quote Originally Posted by MortgageQueen View Post
    There are many levels of humanity. I prefer to think I am not sharing that space with banks. . . .

  5. #95
    Senior Canuck chillys-willy's Avatar
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    Just renewed with tangerine for prime - 0.7%. Very happy. That translates to I am now paying 2%. Yea!


    Sent from my iPhone using Tapatalk
    Just joined Kiva.org, an organization that funds micro-loans to people in developing countries. I love the idea that the $25 I saved in groceries can be given to a fish woman with 5 children in the Philippines to help grow her business.



  6. #96
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    Quote Originally Posted by chillys-willy View Post
    just renewed with tangerine for prime - 0.7%. Very happy. That translates to i am now paying 2%. Yea!


    Sent from my iphone using tapatalk
    good for you!
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  7. #97
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    do they still have the 0 down

  8. #98
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    If you're looking for a no money down ("zero down") mortgage, you're in for some bad news: these mortgages are no longer available in Canada. As of September 2012, the minimum down payment is 5% and there is no way around this. Thankfully, there are still alternatives (such as using your RRSP as a down payment), which we'll go into below.


    • Cut your costs and save up
      Think about all of the things you buy on a regular basis and build a budget around that. Just keep in mind that every dollar you save every month is multiplied by 12 months in a year, and multiplied again by every year you save it. Think long term: A $2 coffee every day before work equates to $2,600 over five years, and a $400 car lease is $24,000 in the same time.
    • Sell your assets
      Take a look around your current residence. Put a price tag on everything, and sell the things you don't absolutely need. You might be shocked to see just how much stuff you have, and how much can be sold on Kijiji, Craigslist, or at a garage sale. Here's another point: owning less stuff makes it easier to move!

    Source: https://www.superbrokers.ca/library/...mortgages.phtm
    Quote Originally Posted by becky_j View Post
    do they still have the 0 down

  9. #99
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    Quote Originally Posted by becky_j View Post
    do they still have the 0 down
    No. But you can still get a cash back mortgage as long as you still have your 5% down payment. I personally don't recommend this type as the cost is really just built in.
    You can use gifted funds from immediate relatives, rsp's as beachdown mentioned, and in some cases borrowed funds.
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  10. #100
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    So 5% of that 500k plus house I am eyeing N-W of Toronto

  11. #101
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    Put 20% down at least. CMHC fees suck!
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  12. #102
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    True that...however, some people like to go way over their heads in order to keeping up with the Jone's buying bigger houses, and to post of Facebook for "likes". Meanwhile behind close doors they are hurting

  13. #103
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    Quote Originally Posted by beachdown View Post
    True that...however, some people like to go way over their heads in order to keeping up with the Jone's buying bigger houses, and to post of Facebook for "likes". Meanwhile behind close doors they are hurting
    Just like all their "couple" pics and so called "happy life" Facebook sucks too lol
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  14. #104
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    Quote Originally Posted by beachdown View Post
    So 5% of that 500k plus house I am eyeing N-W of Toronto

    These days, $500k NW of Toronto is ​cheap!!
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  15. #105
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    My comment was tongue in cheek...I know that, especially those town homes along the 400 towards Vaughan mills

    Quote Originally Posted by MortgageQueen View Post
    These days, $500k NW of Toronto is ​cheap!!

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