Real Estate

The Official Mortgage Rates Thread

  • Last Updated:
  • Feb 19th, 2017 9:04 pm
Jr. Member
May 7, 2006
114 posts
5 upvotes
My broker arranged prime - 0.9 (open/variable) at industrial alliance pasific.
I never heard of them before.
Any opinions about their service.
Or should I go for another institution.
I got Prime - 1% for 5 years variable closed.
I think my mortgage broker is pretty good in terms of getting the best rate possible. If you want his contact, please pm me.
where did you get the rate from?
Would you pm me thanks.

Thanks.
Sr. Member
Jan 17, 2002
677 posts
22 upvotes
The cheapest Open Variable I could find was with CIBC 5 year open Variable -.8 prime. Also Firstline mortgages had a - .9 below prime Open Variable but if you left before 5 years you were penalized -.15 so not as good as I thought at first.
Deal Addict
Dec 19, 2004
2959 posts
21 upvotes
leafs wrote:
Oct 23rd, 2006 2:34 pm
The cheapest Open Variable I could find was with CIBC 5 year open Variable -.8 prime. Also Firstline mortgages had a - .9 below prime Open Variable but if you left before 5 years you were penalized -.15 so not as good as I thought at first.
I'd bet CIBC would penalize you as well. I always thought Firstline was CIBC's discount mortgage handlers?

The lowest I can find right now is open variable 5 years at -.95 with Dundee bank
this site is like a drug. Its forum is the drug dealer.
Sr. Member
Jan 17, 2002
677 posts
22 upvotes
Is that .95 below prime open and variable without penalty? If it is that is a sweet deal. Will they cover legals costs as well?
[OP]
Jr. Member
Mar 16, 2006
181 posts
68 upvotes
Toronto
chileung wrote:
Oct 20th, 2006 12:36 am
Is the 4.94% for a 5 year fixed as well? Cuz that's a really good rate. I talked to a mortgage broker and the best was 5.09. Do you mind giving out information on your mortgage broker?
yes 4.94% is 5 year fixed. i think he mentioned on the phone this rate is only good for $400K+ mortgages. i have a meeting with him tomorrow, i'll get more detail and if all goes well i will definitely pm those who want his contact with recommendation :)
Deal Addict
Dec 19, 2004
2959 posts
21 upvotes
gr1 wrote:
Oct 24th, 2006 3:48 pm
found this today.. pretty good rates from Dundee Bank of Canada 5.05 5 year fixed

http://www.dbc.ca/en/rates/

Trying to get TD to match
yup, their variable is the -.95 too.
this site is like a drug. Its forum is the drug dealer.
Member
Feb 14, 2002
339 posts
45 upvotes
wow...that's a really good rate. Anyone have any experience with them?


gr1 wrote:
Oct 24th, 2006 3:48 pm
found this today.. pretty good rates from Dundee Bank of Canada 5.05 5 year fixed

http://www.dbc.ca/en/rates/

Trying to get TD to match
Newbie
Dec 15, 2003
51 posts
2 upvotes
of course TD won't match as they are idiots and don't care about their customers.. best they could give me is 5.3% 5 year closed
Member
Feb 14, 2002
339 posts
45 upvotes
I was with TD for many years too and they were only willing to go down to 5.20% on a 5 year closed.
Sr. Member
Jun 27, 2004
823 posts
30 upvotes
Kitchener
Rosico wrote:
Oct 24th, 2006 10:18 am
I'd bet CIBC would penalize you as well. I always thought Firstline was CIBC's discount mortgage handlers?

The lowest I can find right now is open variable 5 years at -.95 with Danby bank
I have prime - 1.0 from CIBC (picked it up last November), with no penalty for leaving early... I also do my small business' banking with them which probably helps (given that the loan is arranged through their small business department, not the regular loan officers).
[OP]
Jr. Member
Mar 16, 2006
181 posts
68 upvotes
Toronto
Mortgageguy wrote:
Oct 26th, 2006 11:33 am
Hi Guys,
4.94% for a 5 yr fixed is pretty good. I can beat it though. How does 4.89% sound for a 5 yr fixed? PM me for more details.
that sounds really good...

i tried to pm/email you, but neither functions are enabled on your account. can you give us more detail please?
Banned
Oct 25, 2006
42 posts
Can also do variable at Prime - .95% with 25% annual pre-payment.

My lender compounds semi-annually while all others compound their variable monthly. The net effect if the other guys are an effective .06% higher because of the more frequent compounding.

Sooooooo, if they offer Prime less .95% like my lender, please keep in mind that because of the compounding frequency, we are still an extra .06% cheaper!!!!!
Sr. Member
Jan 17, 2002
677 posts
22 upvotes
Mortgage guy let us know what your best open Variable rate mortgage you can do is.
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