Quote:
Originally Posted by hulkrogan
Usually something with horrible terms that will cost you 10s of thousands if you do anything with your house during the term of the mortgage. I know of a few people that had $20 a month in interest turn into $20k to get out of their mortgage when they sold their place earlier than planned.
I'm renewing currently and 3.09% is the lowest rate I could find for a 5 year that doesn't have awful restrictions attached to it.
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Did you try these guys?
http://www.streetcapital.ca/
I locked in at 2.8 over 5 years last summer with them. No idea where they're at currently though.
I had to do some fancy juggling to qualify the mortgage (was holding 4 properties at the time) and not only did they approve it when RBC wouldn't look at me, I got it at a rate the majors wouldn't touch.
Pretty happy with them so far.