Rental property renewal coming up.
March 23, 2018
Location: Vancouver, BC
More than 25% down payment when purchased
Mortgage Remaining: around $245,000
Property valued at: $700,000
Credit Rating: Excellent
Current lender is HSBC mortgage a 2-yr fixed at 2.14.
The early renewal offer:
5yrs variable Prime - 0.6
5yrs fixed = 3.14%
2yrs fixed = 2.89%
Looking to find the best rate. Not sure whether to go with variable or fixed.