Hi everyone
If someone shop around for best mortgage rate every mortgage agent or broker you visit they will run ur credit is it safe way or not so what could
be the best way.
thanks for ur suggestions in advance
Quote:
Originally posted by gkap every mortgage agent or broker you visit they will run ur credit is it safe way or not so what could
be the best way.
Is it true that for mortgages , for 1 month the rating goes down by a fixed no. of points irrespective of the no. of checks .... with in a period of 1 month ?
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Fido.
If you are shopping around and you are being insisted for credit checks, it is better to have credit check done yourself (paid by you) and provide it to all... you dont lose any point for checking your own credit .... most brokers/institutions do accept this method...
Cheers!
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Vik
For those still hunting for a rate, ATB has a 5-year fixed at 3.5% (The extreme discount mortgage) which is now the lowest posted rate in Canada for a 5-year fixed and available only to Albertans. This rate is set to be raised on Monday. The big 5 have all put in the biggest rate increase this year in the past week (.4%) and based on the bond markets.
Sent you a PM.Please acknowledge.
There are many things I don't understand in Canada, bold print says one thing and fine letter says another thing.
Here I am came across an ad from WWW. Canadalend.com
quote
1st Mortgages
Prime Rate 2.25%
5 year Variable Rate 4.00%
1 year Fixed 2.90%
3 year Fixed 3.05%
5 year Fixed 3.59%
unquote
wonder why people should go to Banks?..
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