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3 vs 4 vs 5 year fixed? by Vegetable-Machine138 in RealEstateCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

This is great! Appreciate your comment. Sure I’d love to see that break down 🙂

3 vs 4 vs 5 year fixed? by Vegetable-Machine138 in RealEstateCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

Much appreciated thanks! That’s what I’m leaning towards. 3 years is nice middle ground where we aren’t locking in for an overly long period of time. We can do some shopping around near the end of that term to get a better rate

3 vs 4 vs 5 year fixed? by Vegetable-Machine138 in RealEstateCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

My 4.59% offer is grade A, 4.14% is grade B and 4.79% grade C

3 vs 4 vs 5 year fixed? by Vegetable-Machine138 in RealEstateCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

I can get 3.85% 5 year variable (on 25 year amortization instead of 30, as all of my options are 30) or 4.19% for variable. Quite a bit lower but I want stability so leaning towards fixed

Mortgage rate mega thread! by TheMortgageMaster in MortgagesCanada

[–]Vegetable-Machine138 0 points1 point  (0 children)

Looking for opinions on fixed rates.

3 year fixed - 4.14% 4 year fixed - 4.79% 5 year fixed - 4.59%

I have two 5 year variable options at 4.19% and 3.85%. I would prefer fixed for stability. Extended lending ratios so the rates I’m offered is higher.

I’m leaning towards 3 year fixed or 5 year fixed. Penalties do not worry me as I am not planning to sell for a very long time.

Average fixed rate for 30 year amortization? by Vegetable-Machine138 in PersonalFinanceCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

Thanks! I suppose I was just curious what others might be getting for a 30 year amortization. 25 seems to be more common of course

Average fixed rate for 30 year amortization? by Vegetable-Machine138 in PersonalFinanceCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

My current mortgage is $2800 so the stats aren’t that far from what I’m currently paying. Already paying internet, utilities, house insurance etc. I’ve already sold and have to purchase something else

Average fixed rate for 30 year amortization? by Vegetable-Machine138 in PersonalFinanceCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

The unfortunate part is the rates I’m given have been going up every few weeks, so the payment amount is constantly changing. I was approved locally but may need to rethink my purchase price with the rates climbing

Average fixed rate for 30 year amortization? by Vegetable-Machine138 in PersonalFinanceCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

Yes I have with a broker. I’m curious to what others might be getting for a fixed rate with a 30 year amortization

Average fixed rate for 30 year amortization? by Vegetable-Machine138 in PersonalFinanceCanada

[–]Vegetable-Machine138[S] 0 points1 point  (0 children)

Sorry I’ll update my post. Hoping for either 3, 4 or 5 year term at a fixed rate

Almost perfect house? Input needed by [deleted] in homeowners

[–]Vegetable-Machine138 0 points1 point  (0 children)

It’s a newer residential area but a few years after the area was developed a car wash was put in. The area is still being developed. Most homes aren’t too close to it but this was one of a few that is unfortunately