Comments on: Prime – 0.25% for MDJ Readers and Weekend Links

By: Canadian Mortgage

Canadian Mortgage — Thu, 29 Oct 2009 07:35:15 +0000

Hi Luc: The prime – 0.25% promotion is something that only we (MyVirtualMortgageBroker.com) are running at the moment. It is not offered through other Mortgage Architects planners.

Hi Peter: Unless it was an ultra-short-term teaser rate (i.e. the regular rate reset higher after x months), then prime – 1% (1.25%) is a huge money-loser given the cost of variable-rate mortgage funds. Perhaps the broker made a mistake.

Cheers,
Rob

By: Peter B

Peter B — Sun, 25 Oct 2009 00:13:37 +0000

Hi FT,

No don’t know who the lender is but the mortgage broker is Dominion Lending.

Cheers,

Peter

By: FrugalTrader

FrugalTrader — Sat, 24 Oct 2009 10:54:39 +0000

Peter, prime minus 1% is an extremely low rate for this environment. Do you know what lender your broker was quoting?

By: Peter B

Peter B — Sat, 24 Oct 2009 01:53:13 +0000

I was recently offered prime minus 1% which floored me by a mortgage broker. Unfortunately the prices here in Vancouver are still out of reach with a baby on the way early February.

Peter

By: MoneyEnergy

MoneyEnergy — Sat, 24 Oct 2009 01:06:36 +0000

Thanks for sharing my article, FT. Have a great weekend! I like Canadian Capitalist’s tip. Good one.

By: Ms Save Money

Ms Save Money — Fri, 23 Oct 2009 23:01:37 +0000

Interesting read “How Much Does Raising A Child Cost?”

By: This is why I signed up with ING Direct

This is why I signed up with ING Direct — Fri, 23 Oct 2009 19:55:15 +0000

this looks like a really good offer

By: luc

luc — Fri, 23 Oct 2009 17:27:07 +0000

MyVirtualMortgageBroker is affiliated with the Mortgage Architects group, so wouldn’t any of their brokers be able to offer the same rate?

By: Big Cajun Man

Big Cajun Man — Fri, 23 Oct 2009 15:41:50 +0000

Thanks for the mention!

By: Canadian Capitalist

Canadian Capitalist — Fri, 23 Oct 2009 14:24:30 +0000

Thanks for the mention FT!

By: Tom @ Canadian Finance Blog

Tom @ Canadian Finance Blog — Fri, 23 Oct 2009 12:41:40 +0000

Thanks for the mention, have a good weekend!

By: Ray @ Financial Highway

Ray @ Financial Highway — Fri, 23 Oct 2009 11:02:02 +0000

Thanks for the link MDJ!