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rohara66 · 01-23-2013, 04:05 PM

I just re-signed my mortgage with Royal Bank (4 month early before it expired) and I told them on the phone when I made the appointment that I knew what other banks had for posted rates and that I was looking for them to match. They obviously didn’t agree to anything on the phone however when I went in they offered a lower rate than anything I could find published by any other lender (and lower than what RBC had published online) it to me with me even asking.

Considering the new rules for having to re-qualify if you switch lenders I figured they were going to try and screw me over, was shocked how it went haha.

Just keep in mind some of those lenders have crappy terms with their super low rates so all major lenders might not be able to match it exactly. But as long as you can get in the ballpark 0.05 doesn't make a huge difference.

01-23-2013, 04:05 PM	#2
rohara66 First Line Centre Join Date: Oct 2008 Exp:	I just re-signed my mortgage with Royal Bank (4 month early before it expired) and I told them on the phone when I made the appointment that I knew what other banks had for posted rates and that I was looking for them to match. They obviously didn’t agree to anything on the phone however when I went in they offered a lower rate than anything I could find published by any other lender (and lower than what RBC had published online) it to me with me even asking. Considering the new rules for having to re-qualify if you switch lenders I figured they were going to try and screw me over, was shocked how it went haha. Just keep in mind some of those lenders have crappy terms with their super low rates so all major lenders might not be able to match it exactly. But as long as you can get in the ballpark 0.05 doesn't make a huge difference. Last edited by rohara66; 01-23-2013 at 04:10 PM.