Quantcast
Variable mortgage regret? - Page 9 - Beyond.ca - Car Forums
Page 9 of 30 FirstFirst ... 8 9 10 19 ... LastLast
Results 161 to 180 of 593

Thread: Variable mortgage regret?

  1. #161
    Join Date
    May 2002
    Location
    Chinatown
    My Ride
    NC1
    Posts
    10,841
    Rep Power
    86

    Default

    Quote Originally Posted by 90_Shelby View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Mine was not even noticeable in the sea of colourful GT cars.

    Back on topic. I would still prefer a variable mortgage.
    Variable for life. I don’t like being tied down
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  2. #162
    Join Date
    Jun 1987
    Location
    SK
    My Ride
    Fit Dugan Signature (2016)
    Posts
    3,375
    Rep Power
    100

    Default

    Quote Originally Posted by max_boost View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I don’t like being tied down
    Not what your tinder says.
    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.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.
    ^^ Fact Checked

  3. #163
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Quote Originally Posted by 90_Shelby View Post
    This quote is hidden because you are ignoring this member. Show Quote
    This.

    Step 1: Pay off house
    Step 2: Buy Trackhawk
    Step 3: Eliminate risk of driving a builder grade Ridgeline
    Step 4: Buy a 911?
    Get really confused at the Costco gas bar.

  4. #164
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Not what your tinder says.
    You must spread some Reputation around before giving it to JRSC00LUDE again.

  5. #165
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by vengie View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Well my renewal is in 11 months.
    Let's hope rates chill out.

    If not I'll likely do a very short term fixed
    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.

  6. #166
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by suntan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    There are people that have to sell and those that want to live somewhere else. It's the latter that'll just hang around and wait another 5 years before trying again.

    The percentage of homes that are in foreclosure is always very small. The bank will be very flexible in extracting more interest from you.
    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?



    Quote Originally Posted by kenny View Post
    This quote is hidden because you are ignoring this member. Show Quote
    The lender will four square you and let you keep home. Lower your payment, extend the term, and rake in even more $.
    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.

  7. #167
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Quote Originally Posted by Misterman View Post
    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?
    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.

  8. #168
    Join Date
    Feb 2005
    Location
    calgary.ab.ca
    My Ride
    E90M3 510 Wagon
    Posts
    8,025
    Rep Power
    64

    Default

    If you have “CMHC” aka mortgage insurance, you can transfer your loan to any lender, value be damned

  9. #169
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Even better!

  10. #170
    Join Date
    May 2002
    Location
    Chinatown
    My Ride
    NC1
    Posts
    10,841
    Rep Power
    86

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Not what your tinder says.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  11. #171
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Quote Originally Posted by max_boost View Post
    This quote is hidden because you are ignoring this member. Show Quote
    What does your grindr profile say?

  12. #172
    Join Date
    Mar 2009
    Location
    Calgary
    My Ride
    Silverado
    Posts
    3,090
    Rep Power
    47

    Default

    This is the bottom

  13. #173
    Join Date
    Oct 2005
    Location
    Calgary
    My Ride
    Canyonero
    Posts
    687
    Rep Power
    23

    Default

    Quote Originally Posted by vengie View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Well my renewal is in 11 months.
    Let's hope rates chill out.

    If not I'll likely do a very short term fixed
    If you think that rates will return to sub 3% 5yr fixed this lifetime; think again homie https://youtu.be/Wi_nFz1CJSI?t=2550

  14. #174
    Join Date
    Jan 2008
    Location
    calgary
    Posts
    2,028
    Rep Power
    96

    Default

    Fine.
    New plan.
    Go beast mode and earn enough commission in the next 11 months to pay out my mortgage.

  15. #175
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    Quote Originally Posted by vengie View Post
    This 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!

  16. #176
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by vengie View Post
    This 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.
    dooooo it

  17. #177
    Join Date
    May 2002
    Location
    Chinatown
    My Ride
    NC1
    Posts
    10,841
    Rep Power
    86

    Default

    Quote Originally Posted by vengie View Post
    This 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.
    And then heloc it and buy super car

    The max_boost way
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  18. #178
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by suntan View Post
    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.
    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!

  19. #179
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Who’s bending the law?

    No-recourse doesn’t exist anymore.

    But if there’s job losses then all hell will break loose.

  20. #180
    Join Date
    Feb 2005
    Location
    calgary.ab.ca
    My Ride
    E90M3 510 Wagon
    Posts
    8,025
    Rep Power
    64

    Default

    Quote Originally Posted by suntan View Post
    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 so

Page 9 of 30 FirstFirst ... 8 9 10 19 ... LastLast

Similar Threads

  1. Variable mortgage for 1.99%

    By benyl in forum Real Estate / Finance
    Replies: 8
    Latest Threads: 05-13-2014, 02:21 PM
  2. Fixed mortgage vs Variable

    By 540i in forum Real Estate / Finance
    Replies: 17
    Latest Threads: 04-26-2013, 11:48 PM
  3. Variable income effects on mortgage qualification

    By schurchill39 in forum Real Estate / Finance
    Replies: 9
    Latest Threads: 03-04-2012, 09:24 PM
  4. Percentage Variable Mortgage Rate

    By jadeboy in forum Real Estate / Finance
    Replies: 3
    Latest Threads: 01-03-2010, 12:36 AM
  5. Fixed or Variable? Best Mortgage for Right Now

    By cdnsir in forum Real Estate / Finance
    Replies: 24
    Latest Threads: 08-15-2009, 10:20 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •