Current Mortgage Rates?

[Keebler Elf]

What's the going rate right now at the banks for a 5-year variable mortgage? Is it under 3.0%

 

[Celticman]

What's the going rate right now at the banks for a 5-year variable mortgage? Is it under 3.0%

http://beta.ratehub.ca/best-mortgage-rates

 

[FirstCaveman]

Google "Collateral Charge Mortgage", then call a broker.

 

[zefroggy]

Yes. Should be below 3%
And yes, call a broker. Pm if you want one.

 

[BlueLaser]

Google "Collateral Charge Mortgage", then call a broker.

What about the downsides? To save space, I just googled it and figured I'd link to one page that mentions them. CCM isn't for me. Too much power in the hands of the bank.

http://mortgagetruth.ca/beware-the-downside-of-collateral-mortgages