| Term | Bank Posted | Discount Rates |
| 6 Month | 5.20% | 4.90% |
| 1 Year | 5.00% | 2.90% |
| 2 Year | 5.00% | 3.69% |
| 3 Year | 5.15% | 3.69% |
| 4 Year | 5.45% | 3.85% |
| 5 Year | 5.55% | 3.59% |
| 7 Year | 7.00% | 4.99% |
| 10 Year | 7.35% | 5.25% |
| Variable Rate | 3.00% |
Rate Are Subject to Change Without Notice. Some Conditions Apply.
| Term | Bank Posted | Discount Rates |
| 6 Month | 5.20% | 4.90% |
| 1 Year | 5.00% | 2.90% |
| 2 Year | 5.00% | 3.69% |
| 3 Year | 5.15% | 3.69% |
| 4 Year | 5.45% | 3.85% |
| 5 Year | 5.55% | 3.59% |
| 7 Year | 7.00% | 4.99% |
| 10 Year | 7.35% | 5.25% |
| Variable Rate | 3.00% |
Rate Are Subject to Change Without Notice. Some Conditions Apply.
When I meet with prospective sellers, one of the components of my presentation is the sellers net sheet. The seller net sheet simply anticipates the money you will receive from the home sale, once all fees and charges are settled.
The seller net sheet calculates your closing proceeds after you enter variables such as your mortgage payoff, sales price, sales commission, pending real estate taxes, and closing costs.
Why is this tool so important. First of all it show you, the seller, what costs are involved in selling their home. Not everyone realizes all the costs associated with selling a home. Secondly it shows whether there will be money left over at the end of the day. If not then a short sale would have to be negotiated if defaulting on a mortgage was likely.
Don't put your home on the market without knowing where you stand.
To book a Free Market Evaluation of your Toronto Real Estate, give me a call at 416-518-8188.
With the advent of "Buyer Agency" (Buyer Brokerage) in the early 1990s as opposed to seller agency, a real estate Agent/Broker agrees and contracts to represent the Buyer in her purchase of a home/property. The goal of Buyers Agent is to safeguard the buyers confidentiality and act in the buyers best interest as we negotiate prices, arrange financing and manage closing. Buyer Agency Agreements set out the main conditions of the relationship between the Buyer Agent and her Buyer Client including such things as the duration of the agreement, the commission to be earned/paid, and the various rights, duties and obligations of the parties.
Don't buy a house without the protection of a buyers agent to educate you and guide you through the process. If you are thinking of buying a home in Toronto, give Lisa a call today.
I have to say that all buyers should now be looking at homes. There has never been a better time. Prices have moderated and interest rates are lower than ever! You can get a five-year fixed rate mortgage at 3.85% and the variable rate is 3.25%.
Let's compare numbers. Last years, rate was approximately 5.09%. So if you have a $200,000 mortgage your monthly payment last year would have been $1,173.47 but this year it is only $1,035.84. That is a savings of $137.63 per month. This is a significant amount.
Get out there and start looking. Opportunity knocks!
My client's interest are my top priority. Thinking of buying or selling Real Estate in Toronto/GTA? I can be a part of your team along with mortgage professionals, lawyers and inspectors. Call me!
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