Hi Guys,
I have recently bought a house and right now i am trying to decide on Mortgage, below are the three mortgage options i have:
a) 5 years fixed at 3.69%
b) 3 years fixed at 3.15%
c) Variable at 2.25%
I am a salaried person, so have fixed income per month and dont like to take financial risk. What would you advice ?
I am thinking to go with options a), but wanted your advice/opinion.
Quote:
Originally posted by kabutar12
I have recently bought a house
Quote:
Originally posted by kabutar12
I am thinking to go with options a), but wanted your advice/opinion.
Its time to go for fix rate mortgage. If you have variable rate, eventually you save the money over a 25 yr term. BUT now the rate 3,69 is lowest since last 35 yr. Some old people say they have never seen such low rate. People who have variable, turned their morgage to fix this time. SO do not go variable. I have fixed my variable to 3.55% 5 yr fix just a week back.
Congrate on your new home!!!
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એક જ ટીપામાં હો જાણે સાત સમંદર,
એવા ઝંઝાવાત હજુ હૈયાની અંદર
Quote:
Originally posted by kabutar12
a) 5 years fixed at 3.69%
b) 3 years fixed at 3.15%
c) Variable at 2.25%
.
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I am a Gents and not a Ladies.
Thanks a lot for your replies..
I am going with 5 years fixed Mortgage then...
Cheers
Kabutar
Congrats Kabutar12 ...
Is it in Brampton ?
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Fido.
Thx Fido , yeh its in East Brampton
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