For a rental you can get 1.75% variable 5-year or 1.89% fixed 5-yearmikek33 wrote: ↑ I’m a little early but want to know what rates are out there for planning purposes.
Looking at refinancing and pulling some equity.
-Roughly, what is the current market value of the property?
$515K
-What is the current mortgage owing?
$203k
-How much do you want to borrow (refinance)?
$325k
-Is the property owner-occupied or a rental?
Rental
-Where is the property located?
Ottawa
- Current lender?
Scotiabank (STEP mortgage)
- Maturity date?
Sept 19, 2021 (2 yr fixed term)
Neil Joseph
Mortgage Agent, Broker Lic #10530
Mortgage Agent, Broker Lic #10530