View Full Version : Mortgage reniew time
Brokealot
Dec 7th, 2006, 02:42 PM
:) Any opinions on what would be the best place for a Mortgage.
I have a $175,000 variable open at 5.25% for 1 year with My local bank {Caisse Populaire} I,am in Moncton NB.
I see ING with 4.99%?
BTW. I just found this site and " WOW" lots of great ideas . You guys and gals ROCKKKKK:D
THKS
Audiogenic
Dec 7th, 2006, 05:07 PM
Go through a mortgage broker for the best rate - FirstLine (CIBC), First National (ING/TD), there are alot of options.
doodling
Dec 7th, 2006, 08:56 PM
definitely call mortgage brokers. i spent 1/2 hr talking to my bank, waste of time. different brokers seems to have better rates on certain products, not-so-good on others.
Hubster
Dec 7th, 2006, 09:38 PM
Currently 4.92% 5 Year Fixed through one of my national lenders.
Must close within thirty days. This is a "no frills" rate, PM if you would like more details or I will post here as time allows.
Best of Luck,
Hubster
blexann
Dec 7th, 2006, 09:57 PM
:) Any opinions on what would be the best place for a Mortgage.
I have a $175,000 variable open at 5.25% for 1 year with My local bank {Caisse Populaire} I,am in Moncton NB.
I see ING with 4.99%?
BTW. I just found this site and " WOW" lots of great ideas . You guys and gals ROCKKKKK:D
THKS
Economy is cooling off which means rates will likely go down next year
My opinion is stay variable and stay open - which you have
doodling
Dec 7th, 2006, 11:10 PM
Economy is cooling off which means rates will likely go down next year
My opinion is stay variable and stay open - which you have
since a couple months ago ive also read that BofC would have likely dropped interest rates early december. it did not.
while ive read rates will likely go down next year, ive also read rates will likely remain steady.
all this guesstimating confuse me. i've just locked myself into a darn good 5 yr fixed rate that no variables open or closed can match.
and on that note, it's time to sleep!
blexann
Dec 7th, 2006, 11:18 PM
since a couple months ago ive also read that BofC would have likely dropped interest rates early december. it did not.
while ive read rates will likely go down next year, ive also read rates will likely remain steady.
all this guesstimating confuse me. i've just locked myself into a darn good 5 yr fixed rate that no variables open or closed can match.
and on that note, it's time to sleep!
Notice I said that interest rates are LIKELY to go down - they may not.
what you've done is fine - for you - it's just that some people are in a position to take a little risk and stay variable/open.
doodling
Dec 7th, 2006, 11:22 PM
Notice I said that interest rates are LIKELY to go down - they may not.
what you've done is fine - for you - it's just that some people are in a position to take a little risk and stay variable/open.
of course - and ive noted LIKELY in my comments too.
everyone can and will certainly make their own decisions - it's just that i wanted to share my 2 cents, too :)
Brokealot
Dec 8th, 2006, 03:25 PM
:) THKs guys.
What do you guys think I should do.
WE would like to lower our monthly mortgage payments( $1,150} and consolidate our bills about {$30,000 } Our main focus is to lower our monthly payments.
I had a seriously head injury and mist almost 2 years of work. I have insurance but was a little short evey month about {$175.00 }and after 2 years it added up.
Thats why I was thinking 4.99 or lower:D
What do you think?:cheesygri
BTW I'am back at work since sept this year:D