Canadian Mortgage Rates
Hi Folks,
I am looking to refinance my house hacked principal residence. It’s at 3.2% open variable. My last mortgage was 3.6. Why am I seeming rates in the twos when no mortgage broker I have talked to can actually seem to get those rates.
I make 78k credit score 830
Wife makes 82 credit score 780
2 conventional mortgages on
1. a triplex that grosses 28k annum ...900/mo mtg
2. Principal residence with secondary suite gross 17.4K annum 1400/MO MTG
No debt other then conventional mortgages on two homes.
Is it possible to refinance for equity and get a better rate? I know I will pay 3 months interest and lawyer / Apprasial fee.