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greenborough(cccc)

The prime is rising now. It is safe to choose the fixed rate. From the history of prime rate in Bank of Canada, when the prime is decresing, variable rate is better than fixed rate, and vice versa.

The calculation showed that when the prime is raised to 6.5% over the next five years, compared with the fixed rate year by year, the variable rate can let you pay more than 4000 can$ (prime -0.75) with 200,000 mortgage.

So the wise choice is choosing one year fix, then when the rate is raised to around 5.5% then change to a variable one.

(#1799305@0)
Last Updated: 2004-7-12
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枫下家园 / 住房话题 /
tor
Toronto Area

买房的Mortgage， open/close利息和费用有什么差别，哪个比较划算，我在那里可以看到这方面的资料啊？ -lilyba(sunshine); 2004-7-12 (#1799176@0)

爆订! -lilyba(sunshine); 2004-7-12 (#1799223@0)
都差不多,就胡乱选一个得了 -eagle_no1(瞎起哄); 2004-7-12 {77} (#1799231@0)
prime interest rate - 0.75 5 years, scotiabank. I choosed it a few hours ago.

干嘛选SCOTIA?不能DOUBLE PAY呀,最多只能多PAY20% -aifu(全心全意做贤妻); 2004-7-12 (#1799243@0)

20%就够了,留着银子吃香的喝辣的; 咱乡下房子也不值什么钱,买个小房子也就跟打个酱油差不多..:-)) -eagle_no1(瞎起哄); 2004-7-12 (#1799257@0)
奇怪, 那么多人看重能不能double pay, 能多pay 15% 还是20%, 假如贷20万, 20% 每年就是要多付4万, 一般人家第一次买房肯定大部分钱都投在down payment, 怎么还能有多余的钱, 更何况还要买每年的RRSP什么的. -nix(不在加拿大等退休); 2004-7-13 {77} (#1799597@0)
当然如果理财观念是前几年什么也不投资, 只供楼, 每月收入又高的花不完就另当别论.

some people have protantial to make more money, but they don't have cash at closing day, or, they want more flexibility. -tuantuan(help*wanted); 2004-7-13 {75} (#1799713@0)
in my case, I am paying off my car loan, so I want a double pay after that.

SCOTIA有三个选项: 每次付款可以DOUBLE,或+15%. 每年可付总额的15%. -steamwhistle(beer); 2004-7-13 (#1799732@0)

Not good -greenborough(cccc); 2004-7-12 {545} (#1799305@0)
The prime is rising now. It is safe to choose the fixed rate. From the history of prime rate in Bank of Canada, when the prime is decresing, variable rate is better than fixed rate, and vice versa.

The calculation showed that when the prime is raised to 6.5% over the next five years, compared with the fixed rate year by year, the variable rate can let you pay more than 4000 can$ (prime -0.75) with 200,000 mortgage.

So the wise choice is choosing one year fix, then when the rate is raised to around 5.5% then change to a variable one.

老兄有所不知, 银行给我的5 years fixed rate 是 5.x%, 抢钱啊！！ -eagle_no1(瞎起哄); 2004-7-12 (#1799331@0)

how much down you put? -tuantuan(help*wanted); 2004-7-13 (#1799630@0)

just 25% -eagle_no1(瞎起哄); 2004-7-13 (#1799985@0)

how much is 1 year fix now? is it lower than prime-0.75? -tuantuan(help*wanted); 2004-7-13 (#1799631@0)
错。历史数据表明：Prime-0.5比固定利率合算的情况多于不合算的情况。 -rollor(Rollor); 2004-7-13 (#1799655@0)

I have a question, can fixed rate lower than prime-0.75 -tuantuan(help*wanted); 2004-7-13 (#1799662@0)

当然可能。比如1981年1月，Prime rate是19%，而平均固定利率是15.17%。不过，如果你当时选择看上去较低的固定利率就赔了，因为利率下滑，其后五年的浮动利率总平均只有11%多一点。 -rollor(Rollor); 2004-7-13 (#1799689@0)

3% variable, prime - .75 是不是还算不错呢？ -lilyba(sunshine); 2004-7-12 (#1799233@0)

3%是什么？ -rollor(Rollor); 2004-7-13 (#1799659@0)

现在的PRIME是3.75%, 减.75% = 3% (MY GUESS).. -lazycow(阳光心情); 2004-7-13 (#1799958@0)

yes, yes. xie xie. -lilyba(sunshine); 2004-7-13 (#1799979@0)

那就不错。根据自1951年至2003年的历史数据，采用浮动利率合算的可能性是采用五年固定利率合算的八倍。 -rollor(Rollor); 2004-7-13 (#1799997@0)

CIBC是我原来的银行, 在我要转走的时候给了我5年OPEN的PRIME-0.75的VARIABLE. 我觉着是不错的. -steamwhistle(beer); 2004-7-13 (#1799744@0)

@San Francisco

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