enigma0t2
New Member
I read an article last week in which someone sold their home within the first five years of ownership because they could not afford it. The bank wanted a $13 000 dollar penalty to get out early. I am only mentioning this because while rates are certainly very important, don't forget to check the fine print and consider all costs as well as potential costs. 1.99 is certainly very attractive though.
Well... it is true that Investor's Group has a reputation for luring people in with some attractive deal, only to saddle them with tons of administrative fees, management fees, and super-restrictive penalties that prevents clients from opting out. I don't think I'd ever sign up with Investor's Group. But I am hoping that the other big banks will react to this and lower their own respective mortgage rates in order to compete.