Summary

Best Mortgage Agent Course Ontario

• User experiences and comments did not specifically mention the best mortgage agent course in Ontario as requested. However, several insights and tips related to the mortgage industry were provided as follows:

Mortgage Rates and Options

• It's advised to get a rate hold which is valid for 120 days to hedge against potential rising rates before closing in 3 months.
• Consider a 3-year fixed mortgage option in the current environment.
• Brokers can access different lenders to get better rates and suggest monoline lenders for potentially lower rates.
• For insured mortgages with a 20% down payment, lenders may pay the mortgage insurance resulting in a lower rate.

Mortgage Rate Examples

• rates for a 3-year fixed insurable mortgage range from 5.99% for 65.01% to 80% LTV.
• rates for a 5-year fixed insurable mortgage are at 5.49% for 70.01% to 80% LTV.

Additional Tips

• FHSA contributions are recommended, and if not used for a home purchase, funds can be rolled over to RRSP with no repercussions.
• Avoid a 5-year fixed mortgage term to prevent significant penalties if you need to sell in the future.

Additional Information

• Consider other key factors such as loan to value, purchase price, city, term length, amortization length, and whether the home is under or over $1M when seeking mortgage insights.

The Reddit comments provided valuable insights into various aspects of mortgages, rates, and options, although they did not specifically address the best mortgage agent course in Ontario.