Preapproval - High interest///Realtor with cash back.
I have got my approval done and the interest rate on it was 4.99%. I was told by the agent that during the time when we close the mortgage,the interest rate will be much lesser - he said ~ 2.79 (five year fixed) was the best rate . However I am not sure what my rate would be ? How do I go ahead to make an offer on a property when I am not confident of my interest rate and my numbers? Also I am looking for some realtors who have experience in west etobicoke/east Mississauga that offer Cash back. Please PM me.