You can get 3.14% 5-year fixed, but keep in mind, you have to cover legal and possibly appraisal fees for a refinance (about $1000 - $1300).B Prime wrote: ↑Oct 16th, 2017 12:12 pmHi Looking for some advice:
Current Mortgage: RBC - $350000, HELOC $35000. Looking to refinance. Renewal date is November 30th. Best RBC is offering is 3.24 and am looking for a good 5-year fixed rate or a lesser term if the rate is worth it. Will amortize over 20 or 25 years pending upon the payment. House is worth at least $500000. What is the equation for calculating if it worth it to switch mortgages also?
Thanks in advance
Mortgage Agent and Real Estate Sales Representative