I am getting an RTM house built and i have already went with RBC for the mortgage. They are offering a rate of 3.29% 5 year fixed or a rate of 3.79% 7 year fixed. I am not sure what is going to be the best fit for me.
Total mortgage will be around $300000 and a 20 year amortization period. I hope to be able to pay it off in less than 10 years by setting up accelerated bi weekly payments as well and double up payments.
Which rate would you guys choose?
Thanks
Total mortgage will be around $300000 and a 20 year amortization period. I hope to be able to pay it off in less than 10 years by setting up accelerated bi weekly payments as well and double up payments.
Which rate would you guys choose?
Thanks