Canadian Money Forum banner
mortgage
1-17 of 61 Results
  1. General Personal Finance Talk
    I need to ensure that someone doesn't put me down as a co-signer to a mortgage. Is there any way i can prevent this? Someone i know has all my personal details, including SIN #, driver licence information, workplace details etc. If it has already happened, would i be able to find out via...
  2. General Personal Finance Talk
    I am hoping someone can provide a little clarity as we have been having contradictory information given by different mortgage specialists. My partner and I have been pre-approved for a mortgage, we are bidding on a condo tomorrow (Ontario), but I am starting a new job Dec 14, 2020. Problem is...
  3. General Personal Finance Talk
    I'm having a hard time figuring out the following situation I sold my house for 312000. I have a mortgage of 145000. I think I can transfer my mortgage to the new property I just bought. The new property cost is 125,000. So I have 2 options 1) take the existing mortgage and transfer it to...
  4. General Personal Finance Talk
    I'm having a hard time figuring out the following situation I sold my house for 312000. I have a mortgage of 145000. I think I can transfer my mortgage to the new property I just bought. The new property cost is 125,000. So I have 2 options 1) take the existing mortgage and transfer it to the...
  5. Investing
    I currently have just over $10,000 in a really really low interest TFSA and $30,000 in my chequings account that I would like to put somewhere so that it is at least gaining something.I'm currently about to remortgage my current home and am weighing the options of either saving for a second home...
  6. Real Estate
    We currently have a 2 bedroom condo in Toronto. Ideally, we would like to keep our condo as we purchase a home for our growing family. Our current condo mortgages, fees, and property taxes would be covered by renting it. What are some good resources when considering on getting a second home...
  7. Real Estate
    We're planning on buying a new house. It's in Calgary, price is around $520,000. Will be putting $250,000 for a down payment. We also have our current home in a smaller city that we would be selling. It’s all paid off. I’m hoping to get $180,000 for it. It may be a tough sell, because it's a 2...
  8. Real Estate
    Hi all -- We recently expanded our family and moved away from Vancouver (we couldn't afford a house in Vancouver so we bought a house in the Interior of BC and relocated). We kept our 2-bedroom townhouse in Vancouver as a rental property. We now have a good amount of equity in the rental...
  9. Real Estate
    Hi folks. I have two years on my current home mortgage to reach its 5-year term. It is RBC Homeline Plan with Variable rate. When I signed my mortgage in Jan 2016, the rate was 2.3. Now it is 3.75!! Today, RBC offered me to switch to 5 years Fixed rate of 3.74...... It increases my monthly...
  10. General Personal Finance Talk
    Let see if someone could understand my plight and come forward. I foreclosed on a house that had a first mortgage. I heard that I have an option that I could find a second mortgage also I would like to make this as a joint mortgage by including my wife into this. Note, she already has a...
  11. General Personal Finance Talk
    My fixed mortgage at 2.69% is up April 2020 where lump sum payments dont affect current interest payments. I have 15k sitting in my chequings account and 8k in a cheesy lowest interest ever TFSA. I have seen GIC ads for 3% interest for a one year term and am curious if I would be better off...
  12. General Personal Finance Talk
    Hello! My husband and I just got married less than 3 weeks ago. We received several cash gifts from guests at the wedding. We also went on a 2-week long honeymoon (rather expensive to Scotland and Ireland - wanted to get it done and meet family there before having kids!). We are now at the...
  13. Real Estate
    I need help with mortgage options. My fiancé has TERRIBLE credit, like the worst it can be from old collections agencies, and he’s never had a credit card. He is the sole money maker as we just had a baby..I have amazing credit (850) but no income. He is getting a large inheritance (50000)...
  14. Real Estate
    Hi all, Looking for some advice. Say for example a home we were looking at was $500k, 20% would be $100k. Assuming we have no debt, can afford the 20% down, should we do it? I recently read that you can get lower rates if you have an insured mortgage???, by paying less than 20% down, you pay...
  15. Real Estate
    Hello, I am trying to comprehend the nature of "home equity" and how it relates to bankruptcy. As I understand, home equity is the portion of your property that you truly “own.” So, for a house with a market value of $200,000, let's suppose I made a $40,000 down payment in order to pay the...
  16. General Personal Finance Talk
    Hey, Looks like banks are getting harder and harder in approving A side deals. New rules, 32/40 GDS/TDS for conventional mortgages. Looks like people are going to go to B-Side soon!
  17. Real Estate
    Hi all, I just received a call from Alterna Bank who I transferred my mortgage to from BMO a year ago. They said that BMO discharged my mortgage instead of transferring it and they want us to sign new documents to "protect us". I'm thinking this is to protect them, not us. Is there any reason...
1-17 of 61 Results
Top