# Mortgage Broker here, Anyone have any questions about RealEstate Financing in Ontario **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [February 1, 2015, 4:01pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594 "2015-02-01T16:01:40Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![240coupe](https://avatars.discourse-cdn.com/v4/letter/2/e495f1/32.png) [@240coupe](https://forums.speedlife.net/u/240coupe)\ **Post date:** [February 1, 2015, 4:01pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/1 "2015-02-01T16:01:40Z")
Hello SON, I am a Mortgage Broker in Toronto, Does anyone have any questions regarding what is needed to qualify for Real-Estate Financing in Ontario? I would love to hear some of the presumptions and misconceptions so that you can be better knowledgeable on the subject for your future benefit. Ask away! ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 1, 2015, 4:52pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/2 "2015-02-01T16:52:02Z")
dunno that there are too many CDN guys here in the mortgage market but i am sure there are US dudes that have some questions about our market that i havent been able to answer particularly well ---
**Author:** ![240coupe](https://avatars.discourse-cdn.com/v4/letter/2/e495f1/32.png) [@240coupe](https://forums.speedlife.net/u/240coupe)\ **Post date:** [February 1, 2015, 4:56pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/3 "2015-02-01T16:56:44Z")
Hopefully they find their way here as there is allot of misinformation in the market! ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 1, 2015, 5:58pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/4 "2015-02-01T17:58:17Z")
what kind of rates are you seeing in the secondary market from streetcapital and B2B right now? ---
**Author:** ![240coupe](https://avatars.discourse-cdn.com/v4/letter/2/e495f1/32.png) [@240coupe](https://forums.speedlife.net/u/240coupe)\ **Post date:** [February 1, 2015, 6:14pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/5 "2015-02-01T18:14:47Z")
B2B Bank 1 Year 3.05% 3 Year 3.14 5 Year 2.98 10 Year 4.99 VRM Prime -.60%\* (2.85-.60) = 2.25% Street Capital 1 Year 2.89% 3 Year 2.69 5 Year 2.99 10 year 4.79 VRM Prime -.50% (2.85-.50) = 2.35% First National 1 Year 2.99% 3 Year 2.69 5 Year 2.89 10 Year 4.49 VRM Prime -.55% (2.85-.55) = 2.30% Here they are! ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 1, 2015, 6:20pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/6 "2015-02-01T18:20:19Z")
i guess B2B hasnt dropped theirs since the BOC dropped the rate. i just into their 5 year. how about MCAP? their fixed rate back in Nov smoked those for a 3 year. ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [February 1, 2015, 6:24pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/7 "2015-02-01T18:24:38Z")
Can many maple syrups can you put down for a deposit in Ontario? ---
**Author:** ![240coupe](https://avatars.discourse-cdn.com/v4/letter/2/e495f1/32.png) [@240coupe](https://forums.speedlife.net/u/240coupe)\ **Post date:** [February 1, 2015, 6:40pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/8 "2015-02-01T18:40:21Z")
MCAP 1 year 2.89% 2 year 2.59% 3 year 2.79 5 year 3.09 10 year 4.49 ARM Prime -.50% (2.85-.50) = 2.35% The best 3 year on the market right now is CFF Bank @ 2.59% MCAP’s 3 Year was 2.79% in Nov and their 2 year was 2.59% ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 1, 2015, 8:08pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/9 "2015-02-01T20:08:41Z")
rates in the states are many % higher… most people in WNY from what i saw were mid to high 3.XX% ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [February 1, 2015, 8:25pm UTC](https://forums.speedlife.net/t/mortgage-broker-here-anyone-have-any-questions-about-realestate-financing-in-ontario/271594/10 "2015-02-01T20:25:43Z")
You aren’t comparing similar loan structures. In the states you can get 3.25% pretty readily right now and that is locked for 30 years. Just dropping to a 15 year term gets you 2.5% A 5/1 ARM is 2.33% All numbers current from Zillow right now.