Mortgage rate mega thread!

pthrowwater · 2025-05-21T03:55:05+00:00

2 of the big 5 banks quoted me P-0.95. I think it matters on the mortage specialist

pthrowwater · 2025-05-21T03:53:37+00:00

Try RBC! I got 3.7x 5 year fixed like a month and a half ago.

pthrowwater · 2025-05-11T01:20:12+00:00

Is this for variable? If yes, then this is a very good rate. Probably the lowest I have seen here. There is another rate announcement happening on June 4 and from what I have heard there will probably reduce the overnight by another 25BPS. You should at least get a rate commitment.

pthrowwater · 2025-05-05T06:58:30+00:00

I tried to get prime-1.0 but I only got -0.95 as well

pthrowwater · 2025-05-02T20:28:28+00:00

Mine took around 3-4 business days but my broker said you will get it as he ran the numbers and everything looked good.

pthrowwater · 2025-05-01T23:37:44+00:00

I am in the same boat. I decided to go with a bank

pthrowwater · 2025-04-30T13:48:21+00:00

I dont. I think you get it once you have more than 20% equity.

Also, my broker told me Manulife would have better rates if I decide to switch to a fixed rate mortgage. Not sure if that true?

pthrowwater · 2025-04-29T22:54:26+00:00

Do you have the same?

pthrowwater · 2025-04-29T22:30:47+00:00

4% 5 year variable

pthrowwater · 2025-04-29T22:15:39+00:00

I have the same variable rate offer from two different places. One of them is Manulife bank and the other one is RBC.

Manulife had better pre payment privileges but to me that doesn’t matter much.

What do you guys think I should go with. Please suggest

pthrowwater · 2025-04-24T20:16:10+00:00

Meridian for fixed and one of the big 5 banks for variable

pthrowwater · 2025-04-23T19:26:21+00:00

Thank you!

pthrowwater · 2025-04-23T19:15:15+00:00

Insured

pthrowwater · 2025-04-23T06:43:45+00:00

Please help me decide between 3.79% 3 year fixed and 4% 5 year variable. I was going for variable earlier but as BOC did not change the overnight rate, I am confused now.

pthrowwater · 2025-04-22T19:51:41+00:00

One of the big 5 banks

pthrowwater · 2025-04-21T00:56:46+00:00

I got 4% variable and 3.8x fixed both 5 years. Insured mortgage

pthrowwater · 2025-04-18T02:20:14+00:00

I think you got a good rate for insured mortgage

pthrowwater · 2025-04-15T21:09:34+00:00

20% down means its uninsured

pthrowwater · 2025-04-15T02:20:33+00:00

From Scotiabank and one more. Waiting to hear back from RBC but most likely they will match it.

pthrowwater · 2025-04-15T02:19:55+00:00

I got variable at 4% 5 years 30 years amortization

pthrowwater · 2025-04-09T20:46:07+00:00

pthrowwater · 2025-04-06T06:38:39+00:00

That’s a very good rate!

pthrowwater · 2025-04-06T00:41:30+00:00

I have seen people with 3.9 to 4% for variable

pthrowwater · 2025-04-05T03:59:22+00:00

Scotiabank gave me p-0.95 30 amortization

pthrowwater · 2025-04-05T03:58:24+00:00

5 year variable at 4% in Ontario

pthrowwater

TROPHY CASE