Quote:
Originally posted by investpro
Quote:
Originally posted by arcrave
So I had a meeting with my broker last evening, She is offering me prime - .95 for 6 months and then it would be 5.6%. Its variable with 3 year term reviewed quarterly ( as opposed to 8 times a year ).
I was pre-approved ( before the rate increase i.e in dec ) for 5.09 ( 5 year fixed ). I asked for other details and basically she is saying that i can pay up to 20%/month over my regular payment and 54K/per year on top of that 20%. I am thinking of opting for variable ?? wondering if this is a good deal ? anything I am missing and should be careful about ??
Thanks
Not to offend you, but if I read you right, you've got a raw deal.
As mentioned earlier, I got it through a friend of mine who does mortgage and insurance. Unfortunately, I do not have any paper or document with me as of now to support the approved conditions and I am expecting soon.
I just spoke to him briefly whether he could get 4.95% for qualifying applicants, and his answer is "I will try". If you like to talk to him, Please PM me. I will send his contacts. For my own personal reasons I can't post email or phone number in the forum.
Regards,
Quote:
Originally posted by investpro
Hi,
Since the question was posed of JRF first, perhaps we should let him/her have the honor of giving us the name of his/her lending institution.
Should JRF not give an answer in 48 hours, I will def PM you at least one name of a leanding (purposely misspelt to denote leading and lending) institution still offering 4.9%.
If you feel like having fun and wish to tax the brain a little over the weekend, here's a hint: Think of Stephane Dion's message: Green.
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Quote:
Originally posted by arcrave
So I had a meeting with my broker last evening, She is offering me prime - .95 for 6 months and then it would be 5.6%. Its variable with 3 year term reviewed quarterly ( as opposed to 8 times a year ).
I was pre-approved ( before the rate increase i.e in dec ) for 5.09 ( 5 year fixed ). I asked for other details and basically she is saying that i can pay up to 20%/month over my regular payment and 54K/per year on top of that 20%. I am thinking of opting for variable ?? wondering if this is a good deal ? anything I am missing and should be careful about ??
Thanks
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
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