Banks initial 5yr offer is:
Fixed: 3.64%
Variable: Prime minus .33% (currently at around 3.02%)
Broker is currently offering for 5yr:
Fixed: 3.24%
Variable: Prime minus 1% (currently putting us at 2.35%).
We are not going to prepay, port or refinance, so all of those variables don't affect us.
We plan to live in this house for at least 15 years - maybe longer.
Thoughts?
Fixed: 3.64%
Variable: Prime minus .33% (currently at around 3.02%)
Broker is currently offering for 5yr:
Fixed: 3.24%
Variable: Prime minus 1% (currently putting us at 2.35%).
We are not going to prepay, port or refinance, so all of those variables don't affect us.
We plan to live in this house for at least 15 years - maybe longer.
Thoughts?