Forum Discussion
ShinerBock
Oct 13, 2020Explorer
4x4ord wrote:ShinerBock wrote:
I have never seen that kind of interest rate on land or mortgage loan and I have an 830 credit score.
Type in Alberta mortgage rates into your browser ..... you’ll likely be surprised.
I keep forgetting you are in Canada. It appears it is because they compound it semi-annually there, but have stiff penalties for breaking your mortgage. Although, due to the exchange rates, a 1.8% interest there is equivalent to a 2.4% interest here in terms of interest US dollars paid.
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