Here’s the latest mortgage term review, updated to reflect the market-moving events of recent months.
Shorter terms and variable rates are looking quite delectable given today’s pricing and rate expectations. More…
Shorter terms and variable rates are looking quite delectable given today’s pricing and rate expectations. More…
I totally agree that going variable is a good gamble. There is probably a greater chance of the US going bankrupt than of rampant inflation.
Just checked out RBC’s Rate capper mortgage. The rate limit is 6.75%, a full 3.75% above prime! What is the point of this mortgage? Why on earth would anyone get one of these?
thanks, Rob
Do you know any brokers who provide 3 year hybrid in GTA?
My pleasure Takloo, If you email me I can shoot you a few local names in T.O. In terms of lenders with 3yr 50/50 hybrids, Merix currently has one of the best.
Cheers…
Rob
I heard Industrial Alliance charges an IRD penalty on their variable rate mortgage. Can anyone confirm this?