Real Estate

The Official Mortgage Rates Thread

  • Last Updated:
  • Oct 23rd, 2018 5:03 pm
Deal Addict
User avatar
Sep 13, 2011
3889 posts
1260 upvotes
Toronto
fishwallop wrote:
Jun 10th, 2014 10:11 am
I'm looking to refinance in Toronto. About $440k needed, tax bill values house at $620. Prefer 5-year fixed. What are good options? PMs welcome.
PM sent!
Paul Meredith
Mortgage Broker, Author
CityCan Financial Corp (lic. 10532)
Newbie
Aug 26, 2014
1 posts
Toronto, ON
Hello,

I am in GTA, need ~500K conventional mortgage, fixed rate, 30Y. Please PM best options.

Thanks!
Newbie
Aug 26, 2014
2 posts
10 upvotes
Madden, AB
Hi, we're looking for a mortgage in Edmonton. Purchase price $500k with a 35% down payment. We have stable full time jobs and no debt. Have been pre approved under one income for more than enough mortgage, but we're looking for the best rate possible.

Looking at a 4 or 5 year fixed. I see true north is at 2.69% and 2.89%, respectively. What are the lowest bank and non-bank rates out there?

PMs are welcome - thank you in advance
Member
Sep 16, 2009
311 posts
111 upvotes
Anyone broker doing the duca 2.69 5 yr fixed? I am up for renewal in 120 days. Feel free to pm me. Thanks.
Jr. Member
Mar 8, 2010
177 posts
72 upvotes
Vancouver, BC
Planning to purchase a Condo in Vancouver. Budget is around 360K purchase with 20% down. Steady income with excellent credit. Looking to get a pre-approval with 5yr variable prime-0.75 if possible. Also considering 5yr fixed. PMs welcome!!
Member
Sep 16, 2009
311 posts
111 upvotes
oasis2002 wrote:
Jun 10th, 2014 12:56 pm
Anyone broker doing the duca 2.69 5 yr fixed? I am up for renewal in 120 days. Feel free to pm me. Thanks.
I am in Toronto, btw. And of course open to other competitive options.
Deal Fanatic
User avatar
Feb 2, 2014
5410 posts
1143 upvotes
Toronto
You can get 2.25% with ICICI. If you want access to them, pm me.
sc00ter77 wrote:
Jun 9th, 2014 5:55 pm
Does anyone have any feedback/reviews with Mortgagepal.ca? According to ratehub.ca they are offering a five year variable for prime -0.75 (2.25%) with 20/20 prepayment.
I'm not sure who the lender is though! Thanks
Kevin Somnauth, CFA
Mortgage Agent and Real Estate Sales Representative
Member
Oct 29, 2006
412 posts
22 upvotes
Ottawa
CdnRealEstateGuy wrote:
Jun 10th, 2014 3:14 pm
You can get 2.25% with ICICI. If you want access to them, pm me.
If you had to choose between ICICI's 2.25% and street capitals 2.35%, which would you suggest and why?

Thanks!
Newbie
Nov 20, 2013
1 posts
Toronto
Hi There,

Here is my scenario:

Closing Aug 21.
Existing Mortgage of 240,000 with RBC for variable of P-0.75 ... up for renewal in august 2015.
Additional funds 200,000 required for new home.
What are best available rates ... can someone PM me.

Also here is my question, if someone know the answer:
Can I keep the same rate (variable P-0.75) with RBC for new funds as well until the renewal of existing mortgage in August 2015?

Thanks for the help.
Member
Oct 21, 2013
255 posts
25 upvotes
North
CdnRealEstateGuy wrote:
Jun 10th, 2014 3:14 pm
You can get 2.25% with ICICI. If you want access to them, pm me.
Please pm me the details..i'm looking for a better rate ...my renewal is due in 2 weeks!!
Banned
User avatar
Jul 16, 2003
10398 posts
1462 upvotes
Toronto
vhl111 wrote:
Jun 10th, 2014 5:46 pm
Please pm me the details..i'm looking for a better rate ...my renewal is due in 2 weeks!!
That rate is not for switches or finances. Purchases only.
Andre Oliveira - Mortgage Agent
Mortgage Intelligence - FSCO# 10428
Deal Addict
Nov 14, 2005
1188 posts
149 upvotes
Toronto
254mirza wrote:
Jun 10th, 2014 4:18 pm
Hi There,

Here is my scenario:

Closing Aug 21.
Existing Mortgage of 240,000 with RBC for variable of P-0.75 ... up for renewal in august 2015.
Additional funds 200,000 required for new home.
What are best available rates ... can someone PM me.

Also here is my question, if someone know the answer:
Can I keep the same rate (variable P-0.75) with RBC for new funds as well until the renewal of existing mortgage in August 2015?

Thanks for the help.

You need to check with RBC but I'm 99% sure they will not allow you to keep the old rate, the entire mortgage balance will be at current rates.

I would suggest calling RBC to be 100% accurate.
_______________
Shawn Stillman, CA, CPA Mortgage Broker
Mortgage Outlet Inc. 12628 (FSCO - Ontario), X300374 (FICOM - BC), MW-1411078 (RECA - Alberta)
Member
User avatar
Jul 28, 2008
315 posts
58 upvotes
Hi, My variable 2.4% mortgage with Tangerine expires april 2015. I will need around 205K. My current home worth around 400K. I know in July 2017 I will have sold this home and will be purchasing a 1.2- 1.5mln house in Toronto ( my wife will be done with her school and we will move there). My question is to all mortgage experts. What should be my approach? Should I get a 2.5 year mortgage in april 2015? is there specific type of mortgage I should look for if I know for sure, my next mortgage would be significantly higher and I will only be able to have 20% down , but much higherincome ? any tips? when should i start negotiating my 2015 april mortgage?
Deal Addict
User avatar
Sep 13, 2011
3889 posts
1260 upvotes
Toronto
davka wrote:
Jun 10th, 2014 10:45 pm
Hi, My variable 2.4% mortgage with Tangerine expires april 2015. I will need around 205K. My current home worth around 400K. I know in July 2017 I will have sold this home and will be purchasing a 1.2- 1.5mln house in Toronto ( my wife will be done with her school and we will move there). My question is to all mortgage experts. What should be my approach? Should I get a 2.5 year mortgage in april 2015? is there specific type of mortgage I should look for if I know for sure, my next mortgage would be significantly higher and I will only be able to have 20% down , but much higherincome ? any tips? when should i start negotiating my 2015 april mortgage?
You are WAY to early to even start thinking about this, yet alone looking for options. I would suggest starting to look around the beginning of January 2015 and exploring your options at that time.
Paul Meredith
Mortgage Broker, Author
CityCan Financial Corp (lic. 10532)
Sr. Member
Jan 7, 2005
668 posts
79 upvotes
Toronto
My buddy is thinking about buying a 600K - 650K house. He has 100K down, and make around mid 80's with good credit.

What is the chances of him getting qualify for a 500K-550K mortgage? He said he doesn't have much expense and can easily pay 2500 a month.

My banker friend said he will be approved for 4.5-5 times the salary, which is not enough for him to close. Any way around this?

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