Does anybody want to take a shot at mine?
SteveC83502 wrote: ↑ For a mortgage transfer/renewal:
-How much is the mortgage owing? $233.5K
-Roughly, what is the current market value of the property? $330k
-Which city is the property located in? Elizabethtown Ontario
-Is the property owner-occupied or a rental? Owner
-Who is your current lender? Radius Financial
-Do you have a HELOC tied to the mortgage? No
-Is the mortgage CMHC insured? Yes
-When did you buy the property? August 2016
-When is your renewal date? August 2021
-Existing rate: 2.59%
-20 year amortization
Break fees approximately $2000
I think it will be roughly a wash for this term, but I am interested anyway so I can lock in the low rate for the next five years. I am a bit worried that rates will creep up a bit by the time im up for renewal.