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Financing, Mortgages and Insurance What options are best for you and your situation?


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  #81  
Old 2010-03-22, 04:54 PM
urvan99 urvan99 is offline
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Is any body going with variable rate now ?
Currently prime is 2.25 so what is - or + prime get ?
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  #82  
Old 2010-03-22, 05:00 PM
WoodMan WoodMan is offline
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Quote:
Originally Posted by urvan99 View Post
Is any body going with variable rate now ?
Currently prime is 2.25 so what is - or + prime get ?
You can get 1.75% (-0.50%) with 30 days closing
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  #83  
Old 2010-03-22, 05:02 PM
WoodMan WoodMan is offline
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Originally Posted by Harry Naghavi View Post
Interesting rates here: http://www.suttonmember.com/ ... If you see something that you like then ask me how you can qualify
Is it not for one who bought from Sutton?
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  #84  
Old 2010-03-23, 01:35 PM
Newstar Newstar is offline
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The best Variable rate right now is Prime -0.55% through AAA lenders. There is some pressure, that could bring it lower near term. I do expect some basing here, and do not expect substantial reductions in the Variable rate discount moving forward. The credit markets are close to where they were in September 2007, and most of the banks/lenders are very close to their threshold in terms of discounts. They seem to be keeping some padding room, as compared to before September 2007 when they cut close to their internal cost of funds.

There should be a continued flatline here at these rates for the next few months. One should consider that, while rate may be stable for the near term, there could be a substantial upward pressure on rates once the Fed in the US stops Quantitative Easing, which may have the impact of some inflationary pressure which would put an upward bias on rates.

Having said that, the turmoil that Greece, Dubai have been experiencing, has had the effect of pushing the hot money into the Canadian Market, which has had the effect of keeping rates very low. There does not seem to be any change to this effect thus far.

Best Wishes
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  #85  
Old 2010-03-25, 09:56 PM
Tara Wilkins Tara Wilkins is offline
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The builder rates are also depending on the builder location, and project. The best 24 month I could save - Depending on the Builder Location, on a 5 year fixed is 4.00% for 24 months.

Thank you.
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  #86  
Old 2010-03-30, 12:31 PM
k-2 k-2 is offline
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Quote:
Originally Posted by Newstar View Post
The best Variable rate right now is Prime -0.55% through AAA lenders. There is some pressure, that could bring it lower near term. I do expect some basing here, and do not expect substantial reductions in the Variable rate discount moving forward. The credit markets are close to where they were in September 2007, and most of the banks/lenders are very close to their threshold in terms of discounts. They seem to be keeping some padding room, as compared to before September 2007 when they cut close to their internal cost of funds.

There should be a continued flatline here at these rates for the next few months. One should consider that, while rate may be stable for the near term, there could be a substantial upward pressure on rates once the Fed in the US stops Quantitative Easing, which may have the impact of some inflationary pressure which would put an upward bias on rates.

Having said that, the turmoil that Greece, Dubai have been experiencing, has had the effect of pushing the hot money into the Canadian Market, which has had the effect of keeping rates very low. There does not seem to be any change to this effect thus far.

Best Wishes

rightnow I am paying prime + , anyone who can help me to get good rate no matter variable or fixed. If panelty can be waived or minimized that will be great

Please pm me

Thanks
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  #87  
Old 2010-05-25, 10:04 AM
bestdeals bestdeals is offline
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Quote:
Originally Posted by urvan99 View Post
Is any body going with variable rate now ?
Currently prime is 2.25 so what is - or + prime get ?
Now you can get Prime-0.70% as well. It provides a closing to be within 120 days and is not for pre-approvals.
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Note: Rates subject to change without notice

Furqan Haider | Mortgage Agent (M08011189)
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  #88  
Old 2010-06-04, 11:03 AM
bestdeals bestdeals is offline
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Now you can get 5 year variable at prime-0.75% too.
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Note: Rates subject to change without notice

Furqan Haider | Mortgage Agent (M08011189)
CENTUM One Financial Group Inc. (10758)
Cell: 416.617.1167
Fax: 866-608-1167
www.BestMortgageChoice.ca - Lowest Mortgage Rates!
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  #89  
Old 2010-11-28, 04:36 AM
SALMAN SALMAN is offline
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Smile Hi ash77

Quote:
Originally Posted by Ash77 View Post
I like to know wt is the rate for 5 year fix after 2 year closing. pls.

My closing is in July 2011. L am looking for preapproval right now.
Call me for your approval I will beat whatever rate you got from your lender.my contact 416 303 4509
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  #90  
Old 2010-11-28, 04:43 AM
SALMAN SALMAN is offline
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Default Hi

Quote:
Originally Posted by newhillian View Post
Hey arcadia, who is your broker? I spoke to mine on Thursday. She/they can only get a 120 Day (4 month) hold. I'd like an alternarive to the builder's on-site bank if possible.
Let me help you call me @ 416 303 4509
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