mossberg590 comments on the bank's second house

[–] mossberg590@lemmy.world 1 point 21 hours ago (1 child)

Re financing comes with fees and doesn't make sense to do often. They hide the fees into the new mortgage. Banks don't lower your costs for funsies.

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[–] rabber@lemmy.ca 2 points 20 hours ago (1 child)

I'm on floating mortgage so I don't think I'm affected - floating just follows the prime interest rate of the BoC + 1.5% or something

Gambling to go with floating but to me its a no brainer that rates will get cheaper

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[–] mossberg590@lemmy.world 1 point 14 hours ago

There are many options that make the whole thing more complicated. For demonstration a 30 year fixed is easiest.

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