#9154731 - 10/10/17 12:15 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: SuPeR-MaRiO]
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Balhar
Post Master Supreme
Registered: 06/16/02
Posts: 16824
Loc: Gee Tee Ay
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i have 2 segments on my house, one is up in feb and the other in june... i want to put them both on one segment so gonna wait. but rbc just called and offered me 4 year fix for 3.19. currently it's 2.19
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#9155236 - 10/10/17 09:04 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Balhar]
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SuPeR-MaRiO
Post Master Sr
Registered: 06/28/01
Posts: 6123
Loc: Toronto, Ontario
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2.19% after a .50 point increase? I'm guessing you have prime minus 1.01%?
/notbadobama
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#9208290 - 12/13/17 12:21 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Senor Eduardo_82]
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Screamin Type ARGH!
High Value Poster
Post Master Supreme
Registered: 02/20/01
Posts: 47708
Loc: T.O. - Canaduh
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Got my 1yr @ 2.79%. 12 months from now, bye-bye mortgage!
wow nice, congrats meng. you made it. we still slavin'
_________________________
"Ban low performance drivers, not high performance cars"
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#9208324 - 12/13/17 12:46 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Screamin Type ARGH!]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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Says the guy buying a Lambo
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#9232860 - 01/16/18 12:02 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: iamfob]
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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What are the best var rates out there right now?
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#9232862 - 01/16/18 12:07 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: spd-dmn]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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#9232927 - 01/16/18 01:51 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Senor Eduardo_82]
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spd-dmn
Post Master
Registered: 11/24/04
Posts: 2271
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I like that prime minus 1.25% by butler
But I guess it depends how fast prime will actually ramp up in the next few years.
Tough call....
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#9232950 - 01/16/18 02:17 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Screamin Type ARGH!]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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Someone remind me, what's 0.5% of $0 balance?
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#9233114 - 01/16/18 07:13 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Screamin Type ARGH!]
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A2B-Lexus
Post Master Supreme
Registered: 04/19/01
Posts: 45550
Loc: Raptors Land
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Spoke to my realtor friend and he says a lot of houses over $1M has been sitting on the market for a while and things have cooled.
There is a newly build 2 car garage home (no fence, no yard so pretty much BNIB) that looks decent and it has been on the market for a month plus.
Tossed around the idea of moving but with baby #1 due in April, we are cutting it too close....
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#9234588 - 01/18/18 06:43 PM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: furball]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44865
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Wife is juuuuuuuuuuuust beginning to look at homes, and ... windowshopping and picking at err-little thang...
Likely look at something close to 407 for her, and GO for me ... Though 401/Leslie/DVP/York Mills is a window-shopping area, given her friend lives 'Hoggs Hollow' area (i.e. 401/Yonge) -- traffic there is a fucking cluster fuck, all the time.
Anything outside of Hamilton is good.
Why are you shopping for a house? Don't you already have a house in Markham...you would already be close to GO/407.
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#9465683 - 12/14/18 06:34 AM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Senor Eduardo_82]
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c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19293
Loc: Wiesloch-Walldorf, Germany
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Got my 1yr @ 2.79%. 12 months from now, bye-bye mortgage! Been listening to a lot of podcasts recently on retirement savings, early retirement, semi-retirement, as I try to figure out what my next 15-20 years may look like. Lots of calculators and spreadsheets about how much to save, and trying to figure out when I can exit the rat race. As predicted, yesterday was mortgage freedom day. A new adventure begins.
Congratulations! Im sure the bank must really hate you now.
_________________________
Who cares
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#9465786 - 12/14/18 08:21 AM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Senor Eduardo_82]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44865
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Got my 1yr @ 2.79%. 12 months from now, bye-bye mortgage! Been listening to a lot of podcasts recently on retirement savings, early retirement, semi-retirement, as I try to figure out what my next 15-20 years may look like. Lots of calculators and spreadsheets about how much to save, and trying to figure out when I can exit the rat race. As predicted, yesterday was mortgage freedom day. A new adventure begins.
That's amazing man, huge accomplishment imo especially if you are still in your 30's. Hope to join the club soon.
As far as FIRE calcs, I think the 4% withdrawal rule would suit you well.
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#9465813 - 12/14/18 08:46 AM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Risky Business]
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Mr.Bozack
Sr Member
Registered: 03/24/06
Posts: 1186
Loc: Ontario
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Yeah man congrats - now you have true freedom! If you loose your job tomorrow you don't have to worry about those banks coming looking for their interest payments.
Keep saving like you were before and don't spend the "new" money and your savings should grow nicely.
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#9465881 - 12/14/18 09:57 AM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: Big Tasty]
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furball
Post Master Sr
Registered: 09/24/03
Posts: 9487
Loc: Toronto, ON
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The future looks to be that we're selling the Makham home, and moving on towards Burlington/Oakville area next summer ... and the wife needs to pick up some training on cash flow, etc. Cuz if not, we're gonna be house-poor ...
As my mortgage comes up for renewal in Jan 2019, gotta figure out wtf to do, i.e. looks like we may either jump ship from CIBC, and/or get a larger mortgage for another home, etc... From the basic intel I got, in any case I'm looking at paying some kind of early termination fee, even if I did a 1-yr open etc...
Edited by furball (12/14/18 09:58 AM)
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#9465903 - 12/14/18 10:15 AM
Re: RBC, CIBC, TD raised their fixed term mortgage rates
[Re: furball]
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Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
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The future looks to be that we're selling the Makham home, and moving on towards Burlington/Oakville area next summer ... and the wife needs to pick up some training on cash flow, etc. Cuz if not, we're gonna be house-poor ... As my mortgage comes up for renewal in Jan 2019, gotta figure out wtf to do, i.e. looks like we may either jump ship from CIBC, and/or get a larger mortgage for another home, etc... From the basic intel I got, in any case I'm looking at paying some kind of early termination fee, even if I did a 1-yr open etc...
Are you on the CIBC Home Power Plan?
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