The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.
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Nonetheless, 5 years is a popular mortgage term and about half of all mortgages have 5-year fixed terms. At times when the difference between fixed and variable rates is minimal, most people will choose the stability of a 5-year fixed rate in BC. Compare Best Mortgage Rates in BC
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THE big banks are pushing up interest rates. mortgage broker. They can help you look for a better offer and professionals such brokers often know the products inside out. But be careful before.
Reporters Bryan Carney and Andrew MacLeod to receive award from BC privacy advocacy group. and Finance Minister Michael de Jong brag about the province having the best growth rates in the country.
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