Just starting to explore options for our first mortgage. Basic details below:
Property Value: $950K
Mortgage Balance: $760K (19.99% or 20% down payment)
Amortization: 25 or 30 year
Household Income: $170k
Credit Scores: 810+
Location: Toronto, ON
Looking for a 5 year variable or fixed, and it doesn't have to be a major bank. Curious if we would can get a substantially better rate on a 25 year amortization if we put down just under 20% to get it insured with CMHC. Also wondering what the best rate out there is on a 30 year amortization.
Thanks in advance for any and all help!
Property Value: $950K
Mortgage Balance: $760K (19.99% or 20% down payment)
Amortization: 25 or 30 year
Household Income: $170k
Credit Scores: 810+
Location: Toronto, ON
Looking for a 5 year variable or fixed, and it doesn't have to be a major bank. Curious if we would can get a substantially better rate on a 25 year amortization if we put down just under 20% to get it insured with CMHC. Also wondering what the best rate out there is on a 30 year amortization.
Thanks in advance for any and all help!