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Deegee · 12-09-2009, 06:00 PM

I think one FI is doing 3.89%

Just be sure if you are going through a broker not to have super stiff prepayment penalty clauses. I think MRS Trust doesn't even allow prepayment at all unless you sell the property.

Also make sure if you plan on doing equity (to purchase another property) take outs at a later date and time they will offer those at 1st mortgage rates. If they do not do this I would not have my mortgage with them.

12-09-2009, 06:00 PM	#25
Deegee First Line Centre Join Date: Mar 2006 Location: Edmonton, AB Exp:	I think one FI is doing 3.89% Just be sure if you are going through a broker not to have super stiff prepayment penalty clauses. I think MRS Trust doesn't even allow prepayment at all unless you sell the property. Also make sure if you plan on doing equity (to purchase another property) take outs at a later date and time they will offer those at 1st mortgage rates. If they do not do this I would not have my mortgage with them.