In addition to what Andre said, the rates are pretty high. You can go as low as 2.39% 5-year fixed for an insured mortgage.GerryBettman wrote: ↑Mar 22nd, 2017 7:07 pmWe are buying for $535,000.
We were just offered by a mortgage broker:
2.59% w/ 15% down
2.69% w/ 20% down
Why the higher rate for more down payment? does the broker get c omission off the CAMH insurance? Also, looking at ratehub.ca , could we possibly get a better rate?
Mortgage Agent and Real Estate Sales Representative