One of the questions I get asked frequently is whether to choose a fixed product or a variable product. Which route to take ultimately depends on the borrower’s preferences. The widely quoted number is that 77% of the time, variable borrowers end up paying less. But that means that 23% of the time, they pay … Read more
Get your applications in, because it looks like rates in BC are going up.
I am always actively looking at our competition, and we can usually beat the rates available in British Columbia. The reason this is possible is because TMG does so much volume that the lenders offer us exclusive discounts. Right now, our best 5 year fixed rate is 3.65% and it looks like it could go … Read more
Fixed rates continue to drop because of the low bond rates. We currently have a 3.69% 5 year and it’s quite possible it could go even lower. Variable remains steady at prime – .65%
We have a 5 year fixed at 3.95% but that rate could get even lower. Our best closed variable rate is P-.70% (translation= 2.05% until next prime change in September).