Quote:
Originally Posted by MJK
Here si the latest e-mail regarding the best rates he can give me:
5 year fixed 3.75%, 3.65% 3 year fixed, 3.55% 2 year fixed, 3.25% 5 year open variable, 3.05% 5 year variable closed
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Cross check the rates at this site :
http://www.canadianbusiness.com/my_m...gage/index.jsp
This gives you a general idea which lending institution has the lower rates
that you can usually get talked down even further. Also I have yet to meet a mortgage broker that works with RBC so it might be worthwhile to contact a RBC mortgage broker direct to make sure that you have a comprehensive look at things. You will notice that the posted rates are just the starting point and there is room to negotiate lower with most of these lenders. You couldn't have picked a better time to negotiate a mortgage as long as you don't mind filling out a lot of paper work.
Also get the mortgage life insurance seperately as pointed out here and don't forget to get disability coverage as this is often overlooked.