What's the best 5-yr variable rate from 5 Big banks in ON now?
TD give me @1.43% for 5yr variable.
May 3rd, 2021 5:04 pm
May 3rd, 2021 5:30 pm
May 3rd, 2021 5:36 pm
May 3rd, 2021 5:37 pm
There is no mortgage on my current rental house. I would like to refinance 200k from it in Ontario.bonojzk2005 wrote: ↑ 0.99% HSBC
May 3rd, 2021 5:50 pm
May 3rd, 2021 6:17 pm
May 3rd, 2021 11:41 pm
Directly with simplii and I was pitching them against Scotia bank.
May 4th, 2021 4:43 am
How much was your mortgage amount? Also were you refinancing? I didn't know banks covered discharge fees.mstefa wrote: ↑ Directly with simplii and I was pitching them against Scotia bank.
Went like this:
Scotia 1.91
Simplii 1.54
Scotia we match 1.54 and pay all the fees
Simpli: we give you 1.22 and 900 cash back if you also bank with simpli but you pay discharge 400 plus 580 legal fee
Scotia: we can’t match that.
May 4th, 2021 8:03 am
May 4th, 2021 4:50 pm
It was refinance and total was 350k for a property worth over a million and heloc on top as well for prime +0.5%Pursuit2013 wrote: ↑ How much was your mortgage amount? Also were you refinancing? I didn't know banks covered discharge fees.
May 4th, 2021 5:39 pm
May 4th, 2021 5:41 pm
Isn’t Scotia giving cash back?mstefa wrote: ↑ Directly with simplii and I was pitching them against Scotia bank.
Went like this:
Scotia 1.91
Simplii 1.54
Scotia we match 1.54 and pay all the fees
Simpli: we give you 1.22 and 900 cash back if you also bank with simpli but you pay discharge 400 plus 580 legal fee
Scotia: we can’t match that.
May 5th, 2021 12:09 pm
May 5th, 2021 2:35 pm
Not necessarily. One of my friends who just bought applied with Scotia and got 1.22 for CMHC insured, no cash back.
May 5th, 2021 2:36 pm
May 5th, 2021 3:04 pm
That’s how banks are able to get clients despite not having the best deals. That’s wild. Most of the big 5 we’re giving cash back but I wonder if it was due to CMHC
May 5th, 2021 10:23 pm
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