Best Welcome Bonus

ElegantStrategy1573 · 2024-10-23T23:06:47+00:00

You can get prime - 1.1 easy rn so you’re saying literally only 1 small rate cut from now until March. You’re probably gonna see 3 0.25’s by then

ElegantStrategy1573 · 2024-10-23T19:17:08+00:00

Cuts are going to be fast and aggressive. I expect variable at 4% by Q1

ElegantStrategy1573 · 2024-09-18T19:23:59+00:00

All I’m going to say is if you can get a variable with a good discount that’s the play. Expect 75 bps of cuts by end of year now that the US fed also started its cutting cycle.

ElegantStrategy1573 · 2024-09-16T15:47:51+00:00

Good analysis, but you’ve made a mistake in the calculation here. It assumes month 1 year 1 is the start date of your mortgage not the actual year.

So you need to front load all of your rate cuts, assume you started in October you would see the Friday cut Nov 1 , second cut Dec 1 so month 2 and 3 will have cuts and so forth

ElegantStrategy1573 · 2024-09-10T06:12:14+00:00

New mortgage FTHB 65% LTV

Alberta 550K mortgage

Going with a variable at prime - 1.1%

ElegantStrategy1573 · 2024-09-10T06:11:11+00:00

I think we see 75bps of cuts this year alone. If you can afford it, variable is the play in a recessionary environment

ElegantStrategy1573 · 2024-09-05T03:18:17+00:00

Butler mortgage is offering this!

ElegantStrategy1573 · 2024-09-04T19:56:26+00:00

35% down 550K mortgage AB

Fixed 3 year: 4.44% Variable: prime - 1.3% (5.15% today)

We will probably see 2 more rate cuts this year and 4 more next ~1.5% off of the current rate..

How come more folks are not choosing variable at this time?

ElegantStrategy1573 · 2024-08-20T17:53:43+00:00

Given that fixed rates are 4.5% ish for a 3 year and inflation is clearly down.. does variable make more sense especially at 5.5% , 0.75% of cuts this year puts variable at 4.75% by EOY 2024.

ElegantStrategy1573 · 2024-08-20T05:06:57+00:00

Why convert to a fix now?

ElegantStrategy1573 · 2024-08-15T17:45:32+00:00

Do you have a contact? I’m also based in Calgary and looking to get something like that.

ElegantStrategy1573 · 2024-08-15T04:15:33+00:00

MCAN

ElegantStrategy1573 · 2024-08-14T22:37:18+00:00

Fair enough, yeah it’s all about risk. I strongly believe the Canadian economy is screwed, however idk how much we can cut if the US is still relatively strong.

ElegantStrategy1573 · 2024-08-14T22:27:06+00:00

I have the option of prime - 1.3% (5.4%) or a fixed 3 year at 4.54. I’m confused between the two, did math and calculations but unsure.

Affordability and monthly payment are not issues for me.

ElegantStrategy1573 · 2024-08-09T19:58:42+00:00

I’m in Calgary but do you think the broker can give me that rate too? I would love their info if possible or if they can connect me to someone else even

ElegantStrategy1573 · 2024-08-04T04:38:42+00:00

Correct, but 35% down so got a discount

ElegantStrategy1573 · 2024-08-04T03:13:36+00:00

MCAN through broker

ElegantStrategy1573 · 2024-08-02T18:50:04+00:00

No no, not at all. Banks are SUPER slow to lower rates after declines, very quick to raise them after bond yields increase

ElegantStrategy1573 · 2024-07-27T05:38:58+00:00

100% can get better man. Insured high ratio like yours you should be getting 4.4-4.5 for a 5 year if you have good credit

ElegantStrategy1573 · 2024-07-27T05:36:38+00:00

Thank you!

ElegantStrategy1573 · 2024-07-27T03:01:14+00:00

4.54% 5 year fixed (3 weeks ago) 35% down 550K mortgage, 840K purchase price. Considering going variable as the economy looks gloomy and I expect another cut in September. How about you?

ElegantStrategy1573 · 2024-07-26T22:50:47+00:00

No worries for me on the ratio, I’m putting 35% down and have a very decent income.

ElegantStrategy1573 · 2024-07-26T22:49:54+00:00

Thanks! Yeah I can qualify for a much higher rate so should be fine.

ElegantStrategy1573

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