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Old 10-03-2016, 01:41 PM   #5
Knut
 
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Join Date: Oct 2002
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Quote:
Originally Posted by PaperBagger'14 View Post
Wow, my girlfriend and I couldn't have timed a house purchase better. We have 2.39% with a ~20% down payment. That combined with financial analyst reports saying Alberta is now at rock bottom makes me feel great about this purchase.
From my understanding, you could still get a lower rate, it is just you have to qualify at a higher rate. This builds in a 1-2% into approvals so that small interest increases do not decimate home owners stretched to the max.
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