- Joined
- Oct 10, 2007
- Messages
- 4,733
I'm looking to take out a small mortgage on my house.
Is it possible currently to do better than 2.85% with the scenario listed below?
What rates are possible and what lenders should be contacted?
What are the best rates available currently for mortgages with:
Ontario
5 year term
Fixed rate
Owner occupied
Non CMHC
Currently owned (ie not a new purchase)
Low mortgage amount / Low LTV (whatever amount will provide best rate)
I have seen advertisements for as low as 2.72% - on contact the actual rates available seem to be 2.8%-2.85% - with 2.8% only available if the mortgage is above $300,000.
Are there any lenders that will offer low rates with prepayment penalty less than greater of IRD or 3 months? (If so which / what is the prepayment penalty).
Is it possible currently to do better than 2.85% with the scenario listed below?
What rates are possible and what lenders should be contacted?
What are the best rates available currently for mortgages with:
Ontario
5 year term
Fixed rate
Owner occupied
Non CMHC
Currently owned (ie not a new purchase)
Low mortgage amount / Low LTV (whatever amount will provide best rate)
I have seen advertisements for as low as 2.72% - on contact the actual rates available seem to be 2.8%-2.85% - with 2.8% only available if the mortgage is above $300,000.
Are there any lenders that will offer low rates with prepayment penalty less than greater of IRD or 3 months? (If so which / what is the prepayment penalty).