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Condos Mississauga, Oakville, Erin Woods, Port Credit
Mississauga offers more condo rental opportunities than any other city comparatively. Most condo rental payments range from $900 to $1600 per month. Over several years, this amounts to a substantial sum which the renter pays away with no lasting benefit. There is no equity in renting a condo or home. It's like a mortgage only with no benefits and no asset value to take away. If you're a condo renter, you should consider a ownership program. Lending rates have dropped and condo prices have dropped this year. Buying your next home instead of renting is the only way to escape the endless tyranny of condo rentals. Let us help you find the Mississauga condos for you and your family.
Mortgage Rates
As of February 25, 2010
Bank of Montreal Mortgage Rates (for Residential Mortgages). Learn more about the latest Canadian Interest rate announcements.
Posted Rates for Residential Mortgages
Type |
Term |
Annual Percentage
Rate |
| Fixed Rate |
6 month (convertible) |
4.650% |
| Fixed Rate |
6 month (open) |
6.450% |
| Fixed Rate |
1 year (closed) |
3.000% |
| Fixed Rate |
1 year (open) |
6.450% |
| Fixed Rate |
2 year (closed) |
3.750% |
| Fixed Rate |
3 year (closed) |
4.150% |
| Fixed Rate |
4 year (closed) |
5.040% |
| Fixed Rate |
5 year (closed) |
5.390% |
| Fixed Rate |
6 year (closed) |
5.390% |
| Fixed Rate |
7 year (closed) |
6.600% |
| Fixed Rate |
10 year(closed) |
6.700% |
| Fixed Rate |
18 year (open) |
8.950% |
| Variable Rate |
3 year (open)* |
3.050% |
| Variable Rate |
5 year (closed)* |
2.150% |
*The Annual Percentage Rate (APR) for the 3-year variable rate (open) term is equal to our Prime Rate + 0.80%. The APR for the 5-year variable rate (closed) term is equal to our Prime Rate. Each APR is for a mortgage of $100,000 with monthly payments and a 25-year amortization. APR assumes no fee(s) apply. If we require you to obtain an appraisal, the appraisal fee would increase your APR. The interest rate for a fixed rate mortgage is calculated half-yearly not in advance. The interest rate for a variable rate mortgage is calculated monthly not in advance.
Rates are subject to change without notice. Offer may be withdrawn or changed or extended without notice. Mortgage funds must be advanced within 90 days of the application. Applications are subject to meeting Bank of Montreal’s usual credit criteria. |
Bank of Canada Interest Rate Schedule
http://www.bankofcanada.ca/en/monetary/schedule.html
Bank of Montreal First Time buyers
Bank of Montreal Mortgage Selector
Bank of Montreal Mortgage Calculator
Mortgage Insurance
Genworth Financial offers a mortgage financing program which individually evaluates borrower's circumstances. This enables lenders to
extend high-ratio purchase or refinanced mortgages to borrowers who do not meet traditional
qualifying criteria. Mortgages are available for up to 35 years and mortgage amounts are up 75% LTV and a maximum loan amount of $700,000. Learn more about BMO home financing options. Contact our BMO Mortgage specialist for new homebuyer programs, tax refunds, and current BMO mortgage rates.
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Choosing the Right Home for You
A good real estate agent can help you save time and money along with introducing you to some great new homes or condos. Before you embark on your home buying journey you should consider the type of home you need and the price range you can afford. That will help you avoid viewing homes that just don't fit your lifestyle or budget. The real estate agent needs to know:
- what area of Mississauga you would like to live in
- your price range
- style of house or condo
- age of house or condo
- number of bedrooms and bathrooms
- square footage estimate
- how many floors
- size of lot
- distance to work
- recreational facilities desired
- shopping services desired
Contact us if you're looking for a home or ask for a free home evaluation.
Buying a house in Mississauga goes much smoother when you have a Mississauga real estate agent who is adept at finding the right real estate property. There are plenty of Mississauga homes, housing developments, Mississauga condos, Milton Homes, Oakville Homes, and Etobicoke homes to view. Learn more about the specific communities within Mississauga or Toronto. Damir would like to introduce you to houses for sale and condos for sale that suit your needs.
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