ottawamortgage wrote: ↑ Hi!
I am a first time buyer looking for some help.
-What is the purchase price? $420,000
-How much is the down payment? $84,000 (20%)
-Where it the property located? Ottawa
-When is the closing date? April 1
-Will the property be owner-occupied or a rental? Owner occupied
I'm interested in the fixed and variable rates, but probably leaning towards variable. A broker secured a rate for me which was much higher than we had previously discussed so I'm looking for a second opinion and trying to figure out what happened.
Best rates below for your situation
5 yr fixed 3.44% good for 120 days and has 20/20 prepayments
5 yr variable 3% or prime-.95% 120 day hold same prepayments
Mortgage Outlet Inc Broker License #12628