I am in Ontario and am looking to get my first mortgage, think i am going to go with the 5% back mortgage in order to get some cash in my wallet to furnish my first house. $300,000 mortgage gets me $15,000 cash in my account. Great for first time home buyer and the rate isn't awful at 4.75%, considering a lot of people locked in last year at over 5.7% and got no money back.
|