When should I start shopping around to refinance my mortgage?
I have a 25-year mortgage that is fixed within four years approaching next July in 2009, under rate of 4.29%. Should I start shopping around a month or two before the presidency? Or should I wait for the bank contact me? Is it better to go through a bank or a mortgage broker? I live in Canada. My current mortgage is through a bank. This is my first mortgage and the next year marks the first time you refinance. Thanks!
You have a fixed rate for four years? Then it becomes an ARM? In the U.S., I would say start shopping around for a couple of months before the rate adjusts. If there is no prepayment penalty and you are in a declining market, you may want to start purchases at all times to ensure that your home will be considered in the amount of refinancing.
Higher Mortgage Rates Discussed by RateSupermarket.ca on Canada AM
I recently got married and now I'm thinking about investment. I have some ideas. What do you think is best?
A. Rent Buy / properties Wasaga Beach investment in Canada. 5.25 to 6.95% mortgage rates. Having family members for service or to find and deal with tenants. 2. Buy in HTC Corporation. Nexus manufactures A phone from Google. 3. Save for bar / restaurant in Kuala Lumpur. I will be moving there in two years. Perhaps just store and buy it for cash and other investments in the interim. 4. Use a financial adviser to purchase shares in EU funds. I have a friend who advises the subject. Seem right. 5. Buy property in China. I live in China. Can you handle it from here. Have a bit of experience in this. Prices are rising. Very reliable. Difficult drive if / when I leave. What is the best way to go? Why?
All these ideas are off the wall, unless you first: 1. A fund emergency of months of living expenses in August in cash, savings, money markets. 2. Maximized contributions to your 401k. 3. Having enough life insurance to provide for his family if you die prematurely. 4. Having adequate health insurance, homeowners insurance, auto insurance and public liability insurance. 5. Having a written will, living will, the health care power of attorney and financial power. After that, you can think about investing. Save 10-15% of their income each year. Do not buy anything that you can not understand. Love the idea of rental houses, especially the ability to hand-to-day responsibility to his family days and do nothing on their own. Good luck. With their approach to taking risks, you need it!
What is the best way to get a mortgage in the U.S., and our situation?
My husband is American and I am Canadian. We have immigration documents in the process for me and the children to go to the U.S. We are trying to buy a house before moving but we are having difficulty obtaining a mortgage because your credit score alone. I have a very good rating, but no social security number. We own a house in Canada that is currently rented in order to prepare for the move. Is there someone we can get a U.S. mortgage for no more than $ 140k max ???????
I have made some customer loans do not have a social security number, but have all legal rights to enter and leave the U.S. The 30% capture … down payment. However, it treated like any other borrower and there are many flexible programs to choose
In Canada, rates for a mortgage 0 down are significantly higher 5.85%, up from 4% to say that one in five years? "
fixed. My question is …… I can not find any information on the time you have to set the interest rate for a certain period of time or not (1,2,5 years) Does anyone know? Can we take the 0 down with higher interest rate for one year with the hope of locking in a lower interest rate is time for renewal?
? CMHC mortgage removed 0% over a year ago, I think their data are wrong. But so you know, the interest rate is fixed for the duration of the loan term. The 5-year rate quote is for a term of five years, with the rate fixed duration. If you receive a loan at less than 25% by below, will have to pay CMHC insurance fees (which are a percentage of the purchase price). These are added as a lump sum, and that the result of raising the effective rate. Since it is a lump sum, if you have a longer term mortgage, you'll see less of a rise in rates for a shorter period, but the total amount you extra pay is the same.
Canada Mortgage Rates and Mortgages for Home Buyers, Home Equity Loans and Refinancing
When is the best time to get good rates of interest on the mortgage?
I'm really interested in my rate lowerin is my home and has accumulated I would like to take some equity out ….. Please advice
no time like the present, I am sure that the fees will not be 4% and the daylight, so jump on it and do some shopping. if your capital is not good at this point, you could use up the points and fees of just getting the loan, so be careful with the cost / layers / costs !!!!!!!! get fixed and if you have less than 6%, now that is fixed, no blow, just do a HELOC and use only what you need and not squander the spoils. You can sometimes cost more to make money, then its value. So, think and consider your position at this time. What is your outcome and what are the costs for $$$$$
Rallies dollar as speculative liquidity Meets European uncertainty, follow through is still uncertain Is it really shocking news that officials Europeans underestimated the potential risk that regional banks are facing? That seems to the advent of strong risk aversion and robust supply of dollars that developed Tuesday. Interest Rate Increase
