Hi , I would like to ask an expert the following:
I have a large mortgage (1.4 milion) up for renewal on a Multi Tenant Commercial Building I have been quoted:
Fixed rate 3 Years - 5.49%
4 Years - 5.99%
5 Years - 6.45%
Should I Lock in a Rate or go with the low floating rate at this time? If not now when would be the appropriate time to Fix Rates?
Sherry
I have a large mortgage (1.4 milion) up for renewal on a Multi Tenant Commercial Building I have been quoted:
Fixed rate 3 Years - 5.49%
4 Years - 5.99%
5 Years - 6.45%
Should I Lock in a Rate or go with the low floating rate at this time? If not now when would be the appropriate time to Fix Rates?
Sherry