Fixed rate is 4.7% I think he said locked in for 5 years? I will probably go with this rate over the variable rate of 4%.
I still have to pay legal costs but becuase I live in Nunavut I qualify for a $45,000 down payment on the house which can be used to pay the lawyers.
Thoughts on my mortgage rate?
Fixed, 4.7%, 25 year bi-weekly accelerated payment.
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