You can get 2.01% 5-year variable and 2.89% 5-year fixed. If your mortgage is insured, even lower.irumsby wrote: ↑Jan 10th, 2018 9:46 pmHello all,
I have to renew my mortgage on April 1st
Mortgage amount: $275,000
Property valued at: $850,000
Credit Rating: Excellent
Current lender is TD collateral mortgage a 2-yr fixed at 2.20. They made me an offer for 2.70% for 5-yr variable. 5 year at 3.24 and 2 year at 2.90
Looking to find the best rate. Not sure whether to go with variable or fixed.
If you have a collateral charge mortgage with TD, you have to cover legal fees though (about $800).
Mortgage Agent and Real Estate Sales Representative