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40 sats \ 2 replies \ @Undisciplined 23 Oct 2024 \ on: Bank of Canada cuts benchmark rate to 3.75% econ

Can I take out a mortgage for an American house with a Canadian bank?

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79 sats \ 1 reply \ @HardMoney 23 Oct 2024

Unfortunately you can only lock rates in Canada for 5 years vs the USA 30 year fixed

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32 sats \ 0 replies \ @grayruby OP 23 Oct 2024

Yeah, it would have been nice to lock in my mortgage for 30 years when rates were sub 2.

Fortunately, I have a small mortgage compared to most people so even when I had to renew at a much higher rate my monthly payment only went up a couple hundred a month.

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