Tips and Trick for Toronto first time Home Buyers With interesting stories and helpful tips from the trenches.
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Entries from May 2010

further drops in fixed rates

May 26th, 2010 · No Comments

New special in the broker channel from one of lenders.  Five year fixed rate of 4.19%.  Limited prepayment options of 5% per year.  Not available for preapproval.  Firm deals only with closing within 30 days. 
If interested contact www.buyingblock.com and mention the IA Special. 

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Tags: General

Fixed rate drops

May 25th, 2010 · No Comments

Gloom hanging over global economy has lessened odds of Bank of Canada raising prime rate next week as was anticipated.  Inflation #s still a little high so possible but experts suggesting Mark Carney will hold off until at least July as per original dateline mentioned last year. 
Fixed rates at major banks dropped .10% last week.  [...]

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Tags: General

Fixed Rates down a little

May 10th, 2010 · No Comments

Some smaller lenders have chosen not to follow big banks lead with higher fixed rates.  So special available for 90 day rate hold at a rate of 4.35% for 5 year fixed.  
Some new special variable rates as well, as low as .55% below prime or 1.7%.
Spring is in the air.  Great time to buy since [...]

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Tags: General