Quote:
Originally Posted by Kavy
(didn't end up buying, and would have used a broker if I was serious)
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Be careful of some really good rate options. Inquire as to renewal fees and prepayment penalties. For example, I think BMO runs a really excellent 5 year rate, but there are absolutely no prepayment possibilities.
If you want to land your mortgage at a bricks and mortar FI, but still get a great rate, look for Credit Unions that have excess liquidity from their balance sheet online (more deposits then loans) and you can usually get a sweet deal.
Secondly, shop around your lawyer fees a bit. They can vary quite a bit. Most around here are about $1,500 for a purchase, but I refer most of my business to a guy who is about $800 taxes in.