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Interest rates

Locked in. 

Before the loan is / isn't approved. 

Good sign? 

2.99 %p.a. for 12months

This also allows the $4k cash contribution. 

Which will help with the lawyers. 

I chose to go with this rate for this length of time as a fixed rate because the rates were going to go up considerably the next day. 

It was a good time to do this. 

Let's hope it pays off. 

Need to come up with a plan for when that low rate stops next year and we jump to a higher price for interest rates. 

How much could actually be paid off in one year?

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