Here’s the latest mortgage term review, updated to reflect the market-moving events of recent months.
Shorter terms and variable rates are looking quite delectable given today’s pricing and rate expectations. More…
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Last modified: April 28, 2014
I totally agree that going variable is a good gamble. There is probably a greater chance of the US going bankrupt than of rampant inflation.
Just checked out RBC’s Rate capper mortgage. The rate limit is 6.75%, a full 3.75% above prime! What is the point of this mortgage? Why on earth would anyone get one of these?
thanks, Rob
Do you know any brokers who provide 3 year hybrid in GTA?
My pleasure Takloo, If you email me I can shoot you a few local names in T.O. In terms of lenders with 3yr 50/50 hybrids, Merix currently has one of the best.
Cheers…
Rob
I heard Industrial Alliance charges an IRD penalty on their variable rate mortgage. Can anyone confirm this?