Quote:
Originally Posted by fotze
Anyone know the cheapest rate open mortgage available?
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Excuse the cheap plug, HELOCs can be had at 3% through Mountain View Credit Union based in central Alberta who I work for (1 year floating term before moving to market pricing with a maximum 75% LTV in a HELOC) or through ATB (again a 1 year term with a maximum 65% LTV in a HELOC).
Maybe some CP brokers can speak to their HELOC pricing and LTV terms?
I don't know precisely how the ATB HELOC works. I know with ours we attach it to a free chequing account with unlimited transactions (similar to a Manulife One product).
Don't recall seeing an open variable blended payment mortgage option for cheaper then 3% nor have I had to compete against a broker for an open blended payment so I don't believe the lowest rate for one of them is at 3%.