40 sats \ 2 replies \ @Undisciplined 23 Oct \ on: Bank of Canada cuts benchmark rate to 3.75% econ
Can I take out a mortgage for an American house with a Canadian bank?
write
preview
79 sats \ 1 reply \ @HardMoney 23 Oct
Unfortunately you can only lock rates in Canada for 5 years vs the USA 30 year fixed
reply
32 sats \ 0 replies \ @grayruby OP 23 Oct
Yeah, it would have been nice to lock in my mortgage for 30 years when rates were sub 2.
Fortunately, I have a small mortgage compared to most people so even when I had to renew at a much higher rate my monthly payment only went up a couple hundred a month.
reply