User Tag List
Results 31 to 45 of 112
Thread: Latest Best Mortgage rates
-
Wed, Feb 25th, 2015, 01:01 AM #31
To clarify. . . all rates posted are for 1st mortgages only. This is just a general list of rates. To get into details of each product would be too complicated and time consuming.
Thank you for the clarification just the same VM.
-
-
Wed, Feb 25th, 2015, 01:07 AM #32
-
Wed, Feb 25th, 2015, 02:02 PM #33
Yes, I've have mortgage at the same bank I have personal line of credit. They didn't mention I can have a different product with lower interest (BMO)
-
Wed, Feb 25th, 2015, 07:56 PM #34
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
-
Thu, Feb 26th, 2015, 12:05 AM #35
Up to 65% of the value of your home can be a Heloc. Beyond that, it has to be a conventional mortgage.
A Heloc can be a dangerous thing as it's soooo easy to access those funds and NOT pay down your mortgage. I would consider it carefully or at least keep the Heloc part of mortgage as low as possible.
-
Thu, Feb 26th, 2015, 07:48 PM #36
- Join Date
- Dec 2008
- Location
- Montreal
- Posts
- 411
- Likes Received
- 918
- Trading Score
- 1 (100%)
I ended up getting a much better off through RBC. I am still squaring up the details but they are offering a better rate than posted on that website on a 5 year fixed 2.59. I feel so lucky to be renewing now.
-
Thu, Feb 26th, 2015, 10:42 PM #37
Please just be sure you check that there are no excessive fees for prepaying the mortgage early. There are many new products out there that give you a cheap rate, but sting you if you pay out mortgage early. (i.e. sell your house)
-
Sat, Feb 28th, 2015, 12:05 PM #38
These new low rate no frills mortgages will charge you a reinvestment fee along with the IRD if you break it early ie to refinance. Most have a clause however that if you sell your house (which you may not have control over) you will not be charged the reinvestment fee
-
Sat, Feb 28th, 2015, 06:10 PM #39
- Join Date
- Mar 2010
- Location
- Canada
- Posts
- 11,052
- Likes Received
- 6201
- Trading Score
- 46 (100%)
-
Sun, Mar 1st, 2015, 01:45 AM #40
[QUOTE=tjthemanto;6322363]Which of the 5 Big banks does not offer Collateral Mortgage , which sucks big time !
I know TD's mortgage is collateral , not even sure if they have a non collateral option available.
You should stay away from the big banks anyways if you can because their IRD penalties are highest in industry.
-
Fri, Mar 6th, 2015, 01:20 PM #41
BUMPED
Rate drop in 3 year term
-
Sat, Mar 7th, 2015, 12:24 AM #42
On that note, bonds have risen quite a bit in recent days, and some lenders now are predicting possible increases in the 5y terms. Bonds went from 0.60 to 0.99 in a few days.
-
Sat, Mar 7th, 2015, 01:50 AM #43
OY!!! I thought they stopped bouncing around. Here we go again!
-
Sat, Mar 7th, 2015, 09:46 AM #44
- Join Date
- Dec 2010
- Location
- Ontario
- Posts
- 24,159
- Likes Received
- 40642
- Trading Score
- 7 (100%)
-
Sat, Mar 7th, 2015, 11:19 AM #45
The 5 year bond yield bounced between .9935 and 1.0621 closing at .9935 yesterday. If it goes above 1 and stays above there probably be an increase.
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)