I currently hold a 5-year fixed variable interest rate of 4.55% through TD and RBC with a standard 20% down payment as a first-time homebuyer for my principal residence. Is there someone offering a better deal?
UPDATE: I negotiated with RBC, and I’ve secured a rate of prime minus 1, which is now 4.45%!
Hey, great negotiation skills! I heard through a friend at work that CIBC is throwing some competivive deals now. i believe they have got a rate of 4.35% for similar terms. might be worth checkin them out too if you’re open to some more bargaining 
I recently secured a mortgage rate of 4.30% with BMO for a similar property and conditions as yours. They were offering some good incentives for switching, like covering appraisal costs or providing legal fee rebates, which made the overall package quite attractive. It might be beneficial to approach different lenders with competitive quotes as a negotiation strategy to potentially lower your rate further, or to find better package benefits. You can also inquire about any temporary promotional offers they might have.
Hey Sarah! Have you explored the idea of working with a mortgage broker? They often have access to exclusive rates that aren’t advertised publicly. I’m curious to know if anyone here has had any experience or success stories with brokers. Maybe they can spot deals like a 4.25% somewhere!
hey there! have you thought about looking at credit unions? they sometimes have lower rates for members. a friend told me that Coast Capital has something around 4.40% right now, maybe give them a call? always good to shop around outside the big banks too.
In my recent experience, online lenders also offer competitive mortgage rates worth considering. I managed to secure a rate of 4.20% through an online platform, which was quite a pleasant surprise. Online lenders often have lower overhead costs, which can translate to lower rates for borrowers. It’s a good idea to explore some of these digital lending options, compare their rates, and see if they offer any additional benefits like user-friendly technology or faster processing times. They might have special deals that are less complicated than traditional banks.