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Graham Stephan
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Comments by "" (@MikeRosehart) on "SELLER ACCEPTED MY OFFER - BUYING MY 6TH PROPERTY!" video.
Congrats graham!! That feeling of locking up a new deal is like the best drug. The high is unreal. It’s why I can’t stop buying even though I’m “Retired” “FI” “On FIRE” lol Killlinnggg ittt!!!
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Mafew in Canada it’s typically like 3.39% for a 5-year fixed at the moment. It’s slightly cheaper but shorter terms.
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Mafew a 5 year variable rate mortgage could be as low as 2.5% here in Canada still. But if prime goes up so too does the rate proportionally. Say we see a 1% increase in interest rates (4 hikes), then the variable rate becomes 3.5%, and so on & so forth.
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Graham Stephan nice!! Those 30 year fixed rate loans are so good. I wish we had those in Canada.
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Mafew yes, we have 5 year fixed as our most common. 10 year is the longest I typically see but you pay heavy rates for it.
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Mafew happy to share. I do a lot of videos on my channel about Canadian Real-Estate & Personal finance. I talk about specific Canadian strategies as well if you did want to explore how things work for financing in Canada. It is very similar but a few nuanced differences.
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