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Mortgage Question
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 ilikelissie |
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Posts: 11252 (04/16/08 1:49 PM) Registered user |
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merkyl |
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Posts: 51518 (04/16/08 1:49 PM) Registered loser |
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pie123452001 |
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Posts: 29715 (04/16/08 1:52 PM) Registered user |
I am leaving this thread forever!!!
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Hamdingers |
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Posts: 5525 (04/16/08 1:52 PM) |
foorrevahhh...evvahhh...vah...vah....vah...vah...vah...
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ilikelissie |
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Posts: 11253 (04/16/08 1:53 PM) Registered user |
It's breathtaking.
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 NewOrleansIsSinking |
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Posts: 10031 (04/16/08 2:42 PM) Registered user |
If you walk into a TD for example and say you want to talk about a mortgage, you'll get the lady or man who sells RRSP's, opens and closes accounts,
does loans and they will give you a mortgage rate of say...... 5.93%. Maybe you want to try and bargain a little. You could get it down to 5.5 or so. They are
not mortgage experts.
If you contact TD's mobile mortgage specialist, your rate is immediately 4.93. There is no need to shop around. Every mortgage broker who is independent and every bank's mobile mortgage rep is offering this rate. So if you want a certain bank to deal with, call your branch and ask for the name of the mobile mortgage rep or ask a realtor at the beginning of your search. If you go into the bank and then try and get the mobile mortage rep rate, it doesn't go over very well with them. Or you can deal with a mortgage broker who will search for the best terms that a bank/trust company would offer you. Eg, I was self-employed which meant Maple Trust or PCFinancial were best for my mortgage rather than TD. Plus that rep only deals in mortgages so your deal is important to them. |
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Hamdingers |
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Posts: 5532 (04/16/08 2:43 PM) |
It's always so jarring when somebody re-jacks the thread back on-topic.
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merkyl |
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Posts: 51523 (04/16/08 2:43 PM) Registered loser |
Ya, listen to her tits.
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NewOrleansIsSinking |
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Posts: 10032 (04/16/08 2:44 PM) Registered user |
I'm so sorry. Forgive me?
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Hamdingers |
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Posts: 5533 (04/16/08 2:45 PM) |
Maybe. Lose the blouse.
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NewOrleansIsSinking |
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Posts: 10033 (04/16/08 2:49 PM) Registered user |
It's a t-shirt and I found it the other day in my summer clothes pile. I should get it out and wear it.
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speedyforme |
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Posts: 7240 (04/16/08 4:51 PM) Registered user |
Thanks makes sense. Basically I just want a variable rate that is the lowest I can get. Nothing fancy, unless there is a better deal out there, lol
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JVL58 |
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Posts: 244 (04/16/08 4:58 PM) |
Have you learned nothing from the current mortgage crisis... stay away from adjustable rate loans!
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merkyl |
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Posts: 51527 (04/16/08 4:59 PM) Registered loser |
shhhh
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speedyforme |
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Posts: 7241 (04/16/08 4:59 PM) Registered user |
what wrong with variable rates? I mean this is in 2 years time...
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JVL58 |
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Posts: 245 (04/16/08 5:01 PM) |
yeah, that's what they all said 2 years ago!
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speedyforme |
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Posts: 7242 (04/16/08 5:05 PM) Registered user |
but if you got a variable rate 2 years ago, it's a good thing now that they went down, you get a fixed 2 years ago and you'd be paying more...
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CBRetriever |
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Posts: 17223 (04/16/08 6:19 PM) MESS member |
fixed - a variable rate can also go way up real quick
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ripeplum |
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Posts: 40 (04/16/08 6:56 PM) |
You could sit down with any mortgage broker and they will get you the best rate but there is really no sense in wasting your time at this point. 2 years is a
long time in real estate and banking, who knows what will be. Educate yourself on the costs of home ownership and the closing costs as well - a lot of people
are quite surprised by the land transfer tax and the lawyer fees.
One word of warning; anytime you fill out any info online asking about mortgages with a mortgage broker they are likely selling that info to a Real Estate Broker......expect calls |
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IFY0USEEKATE |
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Posts: 458 (04/16/08 7:50 PM) Lost soul |
Do not get an adjustable or variable rate! Remember OT and always go with FIXED!
You also have to figure in your escrow payments for your property taxes when looking at how much you can actually afford. Those calculators that say you can pay $600 per month for a $200,000 home are not figuring in the property taxes, your homeowners insurance, or any PMI (private mortgage insurance) that you may need to pay. You also need to consider maintenance for your home and any deductible on your homeowners insurance. |
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- Survivor Sucks
- Lions, Tigers, Survivors - Oh My!
- Survivor Spoilers
- MESS Hall Tribal Council
- MESS Hall Archive
- Survivor Speculation
- Survivor 20+
- The Amazing Race
- Big Brother
- Big Brother - PAST SEASONS
- The Apprentice
- American Idol
- American Idol PAST SEASONS
- The Mole
- Lost
- Other Shows That Suck
- Off Topic
- Clubs That Suck. No, Really.
- The Dump
- Monster Island
- Purgatory
- FAQ
- In Memory, 9/11/01
