Please quote me your three year fixed, two yr fixed , and closed variable thanks
-
To be able to quote you a true rate for yourself, we would need to know what your beacon score is , the location of property, Loan to value.
Then we would be able to give you a true quote.
Dont hesitate to contact me to ask any questions
416 833 8713Dean
-
Best way to answer quote questions is over the phone or email. I can pick up a newspaper and see quotes, but knowing which rate fits your customer takes further information.
email or call
Steve
*** Don't forget to sign up for your chance to win $25000 at www.mikamloops.ca -
Hi Imran, I agree with Dean in saying that the rate you qualify for depends on your credit rating, and may also depend on the property location. However, to give you an idea of today's rates: the 2yr fixed is as low as 2.59%, 3yr fixed at 2.89% and a 5yr closed variable at 2.75% (based on today's Prime rate of 3.00% less a discount of 0.25%). Keep in mind that rates are subject to change without notice. If you are in the market and may require financing within the next 120 days, my best recommendation would be contact a Mortgage Professional and get a pre-approval to lock-in today's low rates. Also when seeking a mortgage, don't only look at the rate, there is much more to consider than 'rate' itself. A Mortgage Professional will guide you through all options and suggest a product that best suits your needs and has the features that would benefit you the most.
Hope this helps!
Cheers
Deepak -
Hi Imran, the lowest 3 year fixed is currently 2.89% , the lowest 2 year fixed is 2.59% , this lender has lending restrictions on their product, keep in mind sometimes the very lowest rates also come at the price of prepayment options, higher penalties upon breaking and or the clause that you cannot get out of the mortgage except on a bonafid armslength sale of the property, this may or may not suit your future plans. Also the lowest rates are not available at the 120 mark, they are usually withing 30 to 45 days. Keeping in mind that in two to three years time you could be exiting your mortgage at a high interest time, it's always good to know your mortgage strategy.
The closed variable discount is Prime -.25 making the current rate 2.75% based on Prime Rate of 3.00.
All rates are subject to change without notice, I wholeheartedly agree with Deepak the best Mortgage Professionals will help guide you in making the correct choices for yourself.
Have A Safe & Happy Holiday!Julie
-
As has been noted by everyone above, rates change daily and the best rate may not be available for you as lenders will put conditions on their best rates. That said you should also consider that posted rates at the major banks are always higher than the best rates an independent broker can get a client. Posted rates are currently 3.55% for a 2 year fixed, 4.05 for a 3 year fixed and prime (3%) for the closed 5 year variable.
-
You have to contact a Mortgage proffessional, the quotes will not do any good: you can find them in any paper! Everything depends upon your personal information! I can refer you to someone.
What's This?
With Zoocasa's "Ask the Pros", you can easily get in touch with real estate, legal or mortgage professionals.
Learn More »



