Variable for life. I don’t like being tied downThis quote is hidden because you are ignoring this member. Show Quote
Variable for life. I don’t like being tied downThis quote is hidden because you are ignoring this member. Show Quote
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Not what your tinder says.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
Get really confused at the Costco gas bar.This quote is hidden because you are ignoring this member. Show Quote
You must spread some Reputation around before giving it to JRSC00LUDE again.This quote is hidden because you are ignoring this member. Show Quote
I would probably do variable at that point based on current outlook. Would have to reassess at the time, but one would expect the hikes to be almost done with by then. So then you can just ride the variable rate down from there, and it's a cheap remortgage penalty if rates get low enough to just refinance the whole thing.This quote is hidden because you are ignoring this member. Show Quote
And there is a lot that have renewals coming with no equity in their home, that have no choice but to refinance at a rate that makes their mortgage unaffordable now. I don't know how bad it hurts your credit to owe CMHC a bunch of cash that was upside down on your home at it's new market value which is lower than when you bought it?This quote is hidden because you are ignoring this member. Show Quote
And this is the best possibility to hope for. Because any thing else means a lot of people lose their home, which means the market tumbles even farther.This quote is hidden because you are ignoring this member. Show Quote
Why would the lender do that? They want to squeeze you as much as possible. They'll just change the amortization length, which apparently is still possible.This quote is hidden because you are ignoring this member. Show Quote
If you have “CMHC” aka mortgage insurance, you can transfer your loan to any lender, value be damned
Even better!
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I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
What does your grindr profile say?This quote is hidden because you are ignoring this member. Show Quote
This is the bottom
If you think that rates will return to sub 3% 5yr fixed this lifetime; think again homie https://youtu.be/Wi_nFz1CJSI?t=2550This quote is hidden because you are ignoring this member. Show Quote
Fine.
New plan.
Go beast mode and earn enough commission in the next 11 months to pay out my mortgage.
Now ya talking!This quote is hidden because you are ignoring this member. Show Quote
dooooo itThis quote is hidden because you are ignoring this member. Show Quote
And then heloc it and buy super carThis quote is hidden because you are ignoring this member. Show Quote
The max_boost way
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
If the banks are suddenly in favor of bending the law in this circumstance on a huge number of loans, then sure maybe we skate through this without much headache. Doesn't really fit with their track record, but hey, first time for everything!This quote is hidden because you are ignoring this member. Show Quote
Who’s bending the law?
No-recourse doesn’t exist anymore.
But if there’s job losses then all hell will break loose.
No recourse still exists in Alberta for uninsurable loans… but yeah not a major part of the Canadian lending portfolio… will be interesting if Ontario actually causes some pain to CMHC for once. Real steep decline in appraised values over the last few months out that way. But it shot up so fast the only pain so far is to buyers in the past year or soThis quote is hidden because you are ignoring this member. Show Quote