O/T Variable mortgage rate

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06-13-2018, 02:48 PM

911 Rod

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O/T Variable mortgage rate

Need to renew my mortgage and will go with a variable rate.
My bank (CIBC) is offer a a variable rate of prime minus .8%
So 3.45% - 0.80% = 2.65%
Is anyone getting a better rate?

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06-13-2018, 04:56 PM

ggrace

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Call my guy at Dominion Lending. Tell him Geoff Grace passed his name along. He’s a top 50 in Canada broker and knows his stuff.

Jason: (416) 690-1502.

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06-13-2018, 08:42 PM

911 Rod

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Quote:

Originally Posted by ggrace

Call my guy at Dominion Lending. Tell him Geoff Grace passed his name along. He’s a top 50 in Canada broker and knows his stuff.

Jason: (416) 690-1502.

Thanks for the offer, but I'm just seeing if my rate is competitive,
I don't want to change banks as I'm sure they will match what everyone is offering.

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06-13-2018, 09:33 PM

Maitre_Absolut

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I'm renewing variable right now offer is P-1.25 for 42 months, P-1.1 for 60 months. I don't have a collateral charge so I can move freely, rate reflects this. Non big bank as well (obviously).

Try going direct to non big bank or use a broker for a very short term, then renew directly with lender. Guaranteed way to get best rates.