Hows is this mortgage rate : 4 % open variable ?


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Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 08-09-08 12:53:41

Hows is this rate for mortgage : 4 % open variable ? Will it be considered a good rate or can one get better rate ? If so, from where ?

Thanks.



RESP   
Member since: Mar 04
Posts: 371
Location: Mississauga, Ontario

Post ID: #PID Posted on: 08-09-08 13:33:53

In today's market 4% seems to be OK but today's best rate is 3.9%. Check the following website:

https://www.getmyquote.ca/mortgages/mortgage.php


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man_krastogi   
Member since: Jun 04
Posts: 54
Location: Brampton

Post ID: #PID Posted on: 08-09-08 15:23:33

Hi,
4% open is good.. If you need let me know and i can send you the details of person in Scotia who can help you.


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Manoj Rastogi


chittesh   
Member since: May 05
Posts: 448
Location: Here and There

Post ID: #PID Posted on: 08-09-08 15:33:09

You can do prime -0.9


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Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 08-09-08 15:55:54

Thanks all,

chittesh: can you pl let me know how we can do that ?



dudewheresmycar   
Member since: Jan 07
Posts: 980
Location:

Post ID: #PID Posted on: 10-09-08 10:28:13


4% open variable is very good. If u get lower rate more than likely it will be a closed variable..

The Dude


Quote:
Originally posted by Aashu

Hows is this rate for mortgage : 4 % open variable ? Will it be considered a good rate or can one get better rate ? If so, from where ?

Thanks.



Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 10-09-08 12:45:05

In your opinion, in today's market one should go for closed variable, open variable or fixed ?





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