2.49% 5 yr fixed restrictive - carries a 2.75% penalty if you break mid termdchabby wrote: ↑ Hello - our current mortgage is due February 20, 2020 so just looking for some options as far as renewing our mortgage.
Went into Scotiabank on the weekend and was offered 2.9% on a 5 year fixed.
Mortgage amount owing at maturity (or current mortgage amount if unknown) - $248,000
Approximate market value - $700,000
Original purchase date (month and year) - December 2014
Did you pay an insurance premium such as CMHC when you purchased the home? (meaning you had less than 20% down payment) - no
Did you refinance your mortgage since you owned your home? If so, what was the year and month when you did the refinance? - no
Do you have a second component such as a HELOC attached to your mortgage? - no
Current lender - MCAP
Is this your primary residence or a rental property? - primary residence
Location - Waterdown, Ontario
Maturity date - February 20, 2020
2.54% regular product
Both have 20/20 prepayments
Mortgage Outlet Inc Broker License #12628