If I am getting 5 year fixed at 4% from BMO or Prime Minus 0.4 from TD

which one is better ?

None of them are better....

U can have better rate on both Variable as well as Close.

send me PM i will send you more info.

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

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Originally posted by Blue_Peafowl

None of them are better....

U can have better rate on both Variable as well as Close.

send me PM i will send you more info.

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I am also in mkt for better rates .. I just got a quotation of variable - 0.5 %

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Originally posted by mumdxbcan

Quote:

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Originally posted by Blue_Peafowl

None of them are better....

U can have better rate on both Variable as well as Close.

send me PM i will send you more info.

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PM send to you

I thought those are few good rates

Please remember, I am just booking a new home which will be ready within 8-10 months

So those are guaranteed or locked in rates for 12 months

I think Mortgage rates are increasing nowdays. Many are predicting prime will be around 3% & Fixed rates will be around 4.75 to 5.% by end of this year

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Growing Old Is Mandatory ..Growing UP is Optional

mumdxbcan, check ur PM.

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Amit Shah
Financial Advisor
Cell : 647-296-2609

Quote:

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Originally posted by mumdxbcan

Quote:

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Originally posted by Blue_Peafowl

None of them are better....

U can have better rate on both Variable as well as Close.

send me PM i will send you more info.

---

PM send to you

I thought those are few good rates

Please remember, I am just booking a new home which will be ready within 8-10 months

So those are guaranteed or locked in rates for 12 months

I think Mortgage rates are increasing nowdays. Many are predicting prime will be around 3% & Fixed rates will be around 4.75 to 5.% by end of this year

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

Quote:

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Originally posted by Blue_Peafowl


You have different situation all the best rate are only available for now.

But if you are getting 12 months lock from bank then take it. Broker usually have 120 days lock rates (some exception). Bank has more flexibility to go for 12 to 18 months (U can lock with TD for 18 months).

Also, in your case fix rate sounds promising.

Just curious: Is it pre-approval or actual approval?

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