First rank Private Mortgage rates?

Thomas Beyer

0
REIN Member
Assuming you wish to exclude banks that loan at 2.4% to 3.5%, private loans are anywhere from 4% to 30% depending on collateral, creditworthiness of borrower, loan-to-value, asset location, asset quality, state of repair, .. so to repeat, to get betetr answers than "it depends" your need to specify more details, such as this rephrased question:



What is the price of a 4 cylinder 2012 5 passenger sedan of average quality with no more than 30,000 km ?
 

Joel

0
Registered
Hope now you'll understand.



First rank Mortgage in one of the top 10 cities in Canada, 70 to 80% LTV. I assume the rates are between 8 and 12%, I just would like to confirm it.
 

Thomas Beyer

0
REIN Member
Depends on you. You can get lower. Many MICs have loads of cash. Ask a good mortgage broker that evaluates you and the asset.



How much is that car btw ?
 
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