Sentences with phrase «than discounted mortgage»

In Canada, these macroprudential measures included the increase to minimum down payments required for home purchases over $ 500,000 and the requirement of all high loan - to - value borrowers (and those who chose amortizations over 25 years) to qualify based on posted mortgage rates, rather than discounted mortgage rates.

Not exact matches

Such rates will generally be higher than what home buyers currently pay, not only because banks now offer substantial discounts from posted rates, but also because many buyers (40 % according to a July 2011 TD Bank report) take mortgages with variable rates, which are lower than fixed rates at least 85 % of the time.

While the interest rates it advertises online tend to be lower than most banks or direct lenders, a quick look at the underlying assumptions shows that these rates are the result of factoring in mortgage discount points, which must be paid for upfront as an extra item in your mortgage closing costs.

Chase primarily offers mortgages as a service to its customers rather than a major focus of its business, which means that existing customers are more likely to find friendlier mortgage rates and fee discounts here.

If you factor in the effect of the discount points lowering the mortgage rates, then a few of SunTrust's mortgage products actually charge higher rates than usual.

Discount points are a one - time, upfront fee paid at closing which gets a homeowner access to lower mortgage rates than «the market».

Chase primarily offers mortgages as a service to its customers rather than a major focus of its business, which means that existing customers are more likely to find friendlier mortgage rates and fee discounts here.

Citibank advertises mortgage rates that depend on the purchase of discount points, making its online estimates less reliable to most borrowers than a formal estimate obtained from a mortgage loan officer.

If this is a CIBC Better Than Posted mortgage loan and is in the promotional interest rate period, enter the interest rate discount off the promotional interest rate.

While the interest rates it advertises online tend to be lower than most banks or direct lenders, a quick look at the underlying assumptions shows that these rates are the result of factoring in mortgage discount points, which must be paid for upfront as an extra item in your mortgage closing costs.

If you factor in the effect of the discount points lowering the mortgage rates, then a few of SunTrust's mortgage products actually charge higher rates than usual.

There has been a «dramatic shift» in banks» willingness sell a property for less than the mortgage balance to avoid foreclosing... short sales, typically change hands at a discount of about 20 percent to homes not in financial distress, compared with a 40 percent price cut for bank - owned homes, according to RealtyTrac Inc..

For homebuyers with less than 20 % down payment — currently to qualify for a 5 year fixed rate mortgage, borrowers are qualified based on the fully discounted rate which is currently more than 2 % lower than the Bank of Canada benchmark rate.

This rate is generally higher than the rate stated on your mortgage note because, in addition to the interest rate, the APR includes other costs, such as origination fee, loan discount points, pre-paid interest, and mortgage insurance.

The prime rate in 1 - year will not be higher than today, and b. Variable rate mortgages in 1 - year will be available at a discount to prime then you may save money by opting for a 1 - year fixed today?

Rather than qualifying for the higher, posted rate, these buyers could qualify for the loan based on the much lower discounted rates, explained Calum Ross, a Toronto - based independent mortgage broker, who works with high net worth clients as a dually licensed wealth advisor (with his MBA) and mortgage broker.

Since I have the ability to negotiate discounts on your mortgage rate too, I can almost always guarantee a better rate than what your own bank is offering.

Over the past two decades, discounted mortgage rates have dropped more than five percentage points.

If you are in the market for a low ratio mortgage meaning if your loan to value is less than 80 % then you are unlikely to get those discounted rates.

Discount points are a one - time, upfront fee paid at closing which gets a homeowner access to lower mortgage rates than «the market».