Hi there,Ghost001 wrote: ↑Nov 16th, 2017 4:00 pmHI.
I would like some advice please.
My mortgage due for renewal.
Location: Vancouver BC
House value: $900K
Mortgage Balance: $500K
Renewal Date: End of March
Have a Line of credit attached to it, but not in use. Would like to keep it though.
I have questions.
1. What are the rates I can get for 5 years fixed?
2. Should I be looking at other options?
3. Is there additional fees if I decide to go to Canwise? They seem to have the best posted 5 year fixed.
Any advice would be appriciated.
For your switch, you could get a 5 year fixed rate in the range of 2.84% for a full featured mortgage. This option would allow you to maintain a line of credit to access your equity should you need to. For a variable rate mortgage you could get p-.95% to p-1.00%.
I don't know if Canwise charges any fees, but they shouldn't in my opinion for an 'A' mortgage/borrower.
These rates of course depend on your qualifying (income, debts, credit, property type, employment structure, etc.)
Concierge Mortgage Group