Real Estate

How to "shop around" for best mortgage rate

  • Last Updated:
  • Jun 11th, 2018 2:22 pm
Deal Addict
Dec 27, 2007
3259 posts
907 upvotes
Edmonton
Very interesting, bank was offering the best rate for me was 2 year fixed I believe.....

It's interesting where everyone says 5 year is lowest
warming up the earth 1 gas fill-up at a time...
You only live once, get a v8
Deal Fanatic
User avatar
Feb 2, 2014
7352 posts
1857 upvotes
Toronto
Adamshannon wrote: In a process of buying and getting mortgage:

Question:
- What is current best 5 years fixed interest rate with pre-payment option and accelerated bi-weekly payment? For eg. mortgage amount $100000.00.
What is the mortgage amount and property value?
Kevin Somnauth, CFA
Principal Broker - First Toronto Mortgage - MA (Ontario #13176, BC #X301007)
Real Estate Salesperson - Century 21 Innovative
President's Club Award Winner At The Mortgage Architects
PLATINUM CLUB Award Winner At Century 21 Innovative
Newbie
May 1, 2016
96 posts
50 upvotes
CdnRealEstateGuy wrote: What is the mortgage amount and property value?
Mortgage amount approx. $100000.00. Will come to know later today.
Property value $listed price $340,000.00

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