Which Bank for Mortgage
I am a Premier HSBC customer so automatically I was pre-approved for 2.35% variable. I am not sure about the details with the fixed rates since my mom did communication for me. So I checked around other banks. Basically we are going for variable and BMO and CIBC are also giving me 2.35%. After I withdrawal my bank account I have a slight risk that I am not longer a premier level customer. The HSBC financial representative is checking if he can put a note in my account saying that I can still maintain my premier status at HSBC.
THe issue with CIBC is that I get the good rate because of my cousin's friend. However, if he left, I don't have anyone at CIBC to help me getting a good rate in the future. My mom's friend works at BMO, for the fixed rate it doesn't seem to be much better. My question is does CIBC offer better rates than other banks? I am debatting if I should stay go with HSBC or CIBC for mortgage.
THe issue with CIBC is that I get the good rate because of my cousin's friend. However, if he left, I don't have anyone at CIBC to help me getting a good rate in the future. My mom's friend works at BMO, for the fixed rate it doesn't seem to be much better. My question is does CIBC offer better rates than other banks? I am debatting if I should stay go with HSBC or CIBC for mortgage.