Thanks for your reply Thomas. I did use a mortgage broker and specified that I wanted a variable rate mortgage. Sounds like I need a new broker. This property will be my principal residence so I'm now getting rates from my bank. They figure around prime - .5 to .6 will be the rate so things are...

Hi Gang, What interest rates are other investors getting on their current mortgage quotes? I just received a quote of 3.79% on a 5 year closed mortgage amortized over 30 years. Thanks for your input.