rate for Secured LOC

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Maharaj
Member since: Oct 02

Posts: 1721
Location: Brampton
Post ID: #PID

Posted on: 15-03-10 13:13:36

What rate shall I expect for Secured LOC?

Need to close soon.

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Mumbai Maazi Ladki ...

Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 15-03-10 14:22:22

Depends on your negotiation with individual branch of big 5 banks. You may get different quotes from different branches of the same bank. Though their posted rate on their websites could be prime +1.0% but you may bring it down to even prime +0.5 to prime +0.6. On the other hand, in the broker channel the best so far is being offered as prime +0.6%.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Maharaj
Member since: Oct 02

Posts: 1721
Location: Brampton
Post ID: #PID

Posted on: 15-03-10 16:38:09

Sirji ... thank you.
I sent you PM ...

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Mumbai Maazi Ladki ...

Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 15-03-10 16:54:09

You are welcome.

Replied to your PM with some explanation.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

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