3.29% 5-year fixed or 2.75% 5-year variable.sudivand wrote: ↑ Hi All,
Looking for some advice as I am first-time home buyer, Please help!!
Which city is the property located in? Vaughan, ON
Is the property owner-occupied or a rental? Owner-Occupied
Is the mortgage CMHC insured? yes
Closing date property? Feb 27th 2019
Current Income including spouse: 160,000 $
As of now National bank is giving me 3.34 fixed rate for 5 yrs which is approved, but got to know hsbc with cmhc insured is giving @3.24% is it best to stick on to NB or try HSBC given the short duration?
Also will it affect the already approved loan?
I would very much consider variable. Lower rate, better penalty calculation and it’s convertible to fixed!
Principal Broker - First Toronto Mortgage - MA (Ontario #13176, BC #X301007)
Real Estate Salesperson - Century 21 Innovative