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枫下家园 / 住房话题 /
tor
bmo给的贷款,3年浮动,前3个月2%,后面是p-0.375%,1.25%的现金返还,请问一下这个产品到底怎么样?
-littlesquirrel(小松鼠);
2005-4-10
(#2232965@0)
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Not bad! I was told from BMO rep. only 1% cash back,which BMO you deal with?
-hw9988(hongqi);
2005-4-10
(#2233052@0)
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how much the loan?
-ineaton(AN);
2005-4-10
(#2233059@0)
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10万
-littlesquirrel(小松鼠);
2005-4-10
(#2233102@0)
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yuo get PM-2.25% for the first three months, and then PM-0.375% after; 1.25% cash-back? right?; not bad.
-ineaton(AN);
2005-4-10
(#2233106@0)
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Prime less 0.85% is better than this one. You can go to some website using their calculator and will find the difference. Good luck.
-fudu(fudu);
2005-4-11
(#2234760@0)
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That's correct. 1% cash back is for whole 6 yrs. Average discount is about p-0.65%. It's the worst one among the banks. If you transfer out after 3 yrs, you'd have to give back half of the cashback.
-lsgsz(WEI);
2005-4-13
(#2237544@0)
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虽然我不知道具体怎么算,但也感觉这个不如p-0.85,因为对贷10多万款来说,cash back 也就是1000多元,而如果p涨了,p-0.375就太不合算了。也不知想的对不对?
-littlesquirrel(小松鼠);
2005-4-13
{96}
(#2237742@0)
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利率是前三个月p-2%?or 2% regardless Prime rate?
-yeek(yeek);
2005-4-10
(#2233088@0)
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是p-2.25
-littlesquirrel(小松鼠);
2005-4-10
(#2233101@0)
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This is very good rate. Could you PM your mortgage broker/branch information. Thanks a lot!
-yeek(yeek);
2005-4-11
(#2233536@0)
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这个好像是6年计划,如果3年后你退出,是要还回去一部分现金返还的,这点要留意。
-burberrys(burberry);
2005-4-11
(#2233789@0)
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more details need.
-yeek(yeek);
2005-4-11
(#2233961@0)
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It should be 6 terms but open after 3 years so no penalty.
-dormouse(mi);
2005-4-11
(#2235202@0)
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no. you have to pay back portion of cashback amount. I called BMO and was told your cashback will be (1 -total months with BMO mortgage/ 60months)*cashback amount
-yeek(我爱我家);
2005-4-13
(#2237850@0)
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Compare with prime less 0.85%, this one is worce. use calculator www.lendingtree.com or www.invis.ca, you will find the difference.
-fudu(fudu);
2005-4-11
(#2234774@0)
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If this is 3 years terms, I would say it is much better than p-0.9.
-yeek(yeek);
2005-4-11
(#2235087@0)
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Its 5 yrs average discount is : p-0.67%, which is (2.25%*3months+ 0.375*57months) / 60months + 1.00%cash back / 5yrs=0.67%.
-lsgsz(WEI);
2005-4-14
(#2240044@0)
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but it is fully open after 3 years, so you should be able to get a better rate than p-0.375 at that time.
-toronto1(Toronto 1);
2005-4-14
(#2240494@0)
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Though it's fully open after 3 years, but you need to pay penalty plus portion of your rebate to switch to a better rate.
-yeek(我爱我家);
2005-4-14
(#2240519@0)
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i don't think so as long as you don't move your mortgage out from BMO. it says on the contract.
-toronto1(Toronto 1);
2005-4-14
(#2240529@0)
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Double check with your Banker or Mortgage broker. If you really can switch to a better rate without any penalty, I would say that's a great deal. I may take it too.
-yeek(我爱我家);
2005-4-14
(#2240562@0)
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i don't think it is a great deal though, at least comparing to 5 years p-0.85 plus cash back. but i don't know how 小松鼠 get 1.25% cash back from BMO, i was told 1% only.
-toronto1(Toronto 1);
2005-4-14
(#2240618@0)
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How do you do calculation?
-yeek(我爱我家);
2005-4-14
{884}
(#2240750@0)
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my 2 cents
-toronto1(Toronto 1);
2005-4-14
{596}
(#2240785@0)
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if you only borrow not much (i.e 10W), and you can pay off all mortage after 3 years but before 6 years( i.e 3.5 years), I don't think you have penalty except returning portion of cashback.
-yeek(我爱我家);
2005-4-14
(#2240856@0)
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Honestly, this one would be very good only if you can fully pay out your mortgage right after the first 3 years.
-yeek(我爱我家);
2005-4-14
(#2240532@0)
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your caculation is not 100% coz the money from cashback is present value, which can be used to repay principle, thus reducing interest payment. This option should be better than p-0.67% at least 200-300 bps.
-yeek(我爱我家);
2005-4-14
(#2240868@0)