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Forum: Markham / Thornhill / Vaughan 2019-12-04, 03:01 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
Bank of Canada... mortgage rate update...

So the Bank of Canada has ended the year holding their rate steady, for the 9th consecutive time.
Stating the global economy is stabilizing....
Forum: Ottawa 2019-12-04, 03:00 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Bank of Canada... mortgage rate update...

So the Bank of Canada has ended the year holding their rate steady, for the 9th consecutive time.
Stating the global economy is stabilizing....
Forum: Markham / Thornhill / Vaughan 2019-11-29, 05:39 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
Nov 29th mortgage rate update, and reminder on docs

Minimal changes in current mortgage rates.
5 yr fixed insured, 2.59% Closing within 90 days, 2.49% if closing before Dec 31st.
5 yr fixed 20% or more down payment 2.69% Closing within 120 days.
7...
Forum: Ottawa 2019-11-29, 05:36 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Nov 29th Mortgage rate update...and reminder of docs!

Minimal changes in current mortgage rates.
5 yr fixed insured, 2.59% Closing within 90 days, 2.49% if closing before Dec 31st.
5 yr fixed 20% or more down payment 2.69% Closing within 120 days.
7...
Forum: Markham / Thornhill / Vaughan 2019-11-02, 02:46 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
10 yr rate

For a 10 yr fixed rate..
Up to 65% Loan to Value 3.04%
Between 65% and up to 80% LTV, 3.19%
with less than 20% down payment(insured) 3.04%
So those with less than 20% down payment and those with...
Forum: Ottawa 2019-11-02, 02:45 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
10 yr rate

For a 10 yr fixed rate..
Up to 65% Loan to Value 3.04%
Between 65% and up to 80% LTV, 3.19%
with less than 20% down payment(insured) 3.04%
So those with less than 20% down payment and those with...
Forum: Markham / Thornhill / Vaughan 2019-10-30, 10:35 AM
Replies: 240
Views: 38,854
Posted By MortgageGuy
Oct 30 Mortgage Rate Update :(

Well it was a good run while we had it, but Meridian Credit Union, who has been offering ultra low mortgage rates, put an abrupt stop to it last Friday. They were offering 2.39% 5 yr fixed insured...
Forum: Ottawa 2019-10-30, 10:34 AM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Oct 30 Mortgage rate update :(

Well it was a good run while we had it, but Meridian Credit Union, who has been offering ultra low mortgage rates, put an abrupt stop to it last Friday. They were offering 2.39% 5 yr fixed insured...
Forum: Markham / Thornhill / Vaughan 2019-10-09, 03:59 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
Oct 9th Best Mortgage rate update...

5 yr fixed, Insured(less than 20% down payment), closing within 90 days
still 2.39%
5 yr fixed, Insurable(more than 20% down payment), closing within 90 days still 2.49%
7 yr fixed, Insured(less...
Forum: Ottawa 2019-10-09, 03:58 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Oct 9th Best Mortgage rate update...

5 yr fixed, Insured(less than 20% down payment), closing within 90 days
still 2.39%
5 yr fixed, Insurable(more than 20% down payment), closing within 90 days still 2.49%
7 yr fixed, Insured(less...
Forum: Ottawa 2019-08-19, 01:06 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
WOW, drop in 5 yr fixed mortgage rates...

5 yr fixed, Insured(less than 20% down payment), closing within 90 days
NOW 2.39%
5 yr fixed, Insurable(more than 20% down payment), closing within 90 days
NOW 2.49%
We are now almost back to...
Forum: Ottawa 2019-08-19, 12:33 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Lenders... my experience

I have been a licensed mortgage broker since 1989, so for over 30 years now... I actually started in 1984 when I walked out of college but wasn't a licensed broker at that time.
I have dealt with...
Forum: Markham / Thornhill / Vaughan 2019-07-31, 01:27 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
JUly 31st mortgage rate update, stress test rate update

Best 5 yr fixed is now 2.64% 90 day rate (insured)
2.74% 5 yr fixed for 120 day rate(insured)
2.89% 5 yr fixed for a refinance
Best 5 yr fixed 2.84% 120 day rate, insurable (purchase with 20%...
Forum: Ottawa 2019-07-31, 01:26 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
JUly 31st mortgage rate update, stress test rate update

Best 5 yr fixed is now 2.64% 90 day rate (insured)
2.74% 5 yr fixed for 120 day rate(insured)
2.89% 5 yr fixed for a refinance
Best 5 yr fixed 2.84% 120 day rate, insurable (purchase with 20%...
Forum: Markham / Thornhill / Vaughan 2019-07-08, 05:38 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
July8th Rate Update and First Time Buyer program

So mortgage rates have been holding steady for now...
Best 5 yr fixed 2.69% 120 day rate! ItÂ’s nice getting back below 3% again on the 5 yr money.
Best 5 yr closed variable is Prime -1.10% or...
Forum: Ottawa 2019-07-08, 05:35 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
Mortgage Rate Update, July 8 and First Time Buyer Program

So mortgage rates have been holding steady for now...
Best 5 yr fixed 2.69% 120 day rate! ItÂ’s nice getting back below 3% again on the 5 yr money.
Best 5 yr closed variable is Prime -1.10% or...
Forum: Markham / Thornhill / Vaughan 2019-06-11, 05:48 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
WOW 7yr and 10yr rates are down

With all the hype around 5 yr rates, I was excited to see the 7 and 10 yr rates fall recently. They hadn't moved in awhile, and finally have dropped.
7 yr fixed, 3.14% insured OR for more than 35%...
Forum: Ottawa 2019-06-11, 05:46 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
WOW 7yr and 10yr rates are down

With all the hype around 5 yr rates, I was excited to see the 7 and 10 yr rates fall recently. They hadn't moved in awhile, and finally have dropped.
7 yr fixed, 3.14% insured OR for more than 35%...
Forum: Markham / Thornhill / Vaughan 2019-06-07, 03:58 PM
Replies: 240
Views: 38,854
Posted By MortgageGuy
4yr term over 5yr

"Originally Posted by jeeva86
for uninsured, i believe scotia is offering 2.79/4yr fixed, several ppl have reported getting that"

I have heard of these 4 yr promotional rates as well. But...
Forum: Ottawa 2019-06-07, 03:56 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
4 yr compared to 5 yr fixed...

I have heard of these 4 yr promotional rates as well. But personally I expect rates will be higher 4 yrs from now, so I would be far more inclined to take a 5 yr fixed rate over a 4 yr as the rate...
Forum: Ottawa 2019-06-07, 03:49 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
2nd mortgages

2nd mortgages are not usually offered by the "banks", usually only secured L/C registered behind another banks 1st mortgage, or even with the same mortgage company you already have.
Usually better...
Forum: Ottawa 2019-06-04, 05:46 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
cash back and incentives and Scotia again...

Just a reminder, I always recommend NOT taking cash back and incentives, RATHER try and see if you don't accept the perks would they give you a slightly better rate.
The reason they offer perks like...
Forum: Ottawa 2019-06-04, 04:37 PM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
rates

2.99% on conventional at Scotia...
Forum: Markham / Thornhill / Vaughan 2019-06-04, 11:49 AM
Replies: 240
Views: 38,854
Posted By MortgageGuy
Rate update June 4th

Scotia just dropped 5 yr fixed to 2.89% for me as a promo, must nbe insured, less than 20% down payment, or for an insured switch(mortgage up for renewal).
Dan :)
Forum: Ottawa 2019-06-04, 11:46 AM
Replies: 1,377
Views: 364,356
Posted By MortgageGuy
maybe that was clearer, thank you :) and rate update..

Scotia just came out with 5 yr fixed for me on a promo at 2.89% for an insured mortgage(purchase or transfer)
Lets keep them coming down,
Dan :)
Showing results 1 to 25 of 500

 
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