Amortization Discussions, Offers & Promotions

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  • Tax question re amortization

    Our company was carrying some very old furniture on the books (> 10 years old) as an asset gradually being amortized at the allowed rate year by year. I discovered that it actually no longer existed, having all been trashed or given away free years before. So I said to write off the small residual t...

    • Scote64
    • Apr 4th, 2022 9:59 am
    • Forum: Entrepreneurship & Small Business

  • Amortization on equipment with financing

    If I bought a business equipment with financing in 2020 (Down payment in 2020 + monthly payments for 2020-2022), can I claim amortization expense on the total purchase price on my tax return or only on the amounts I actually paid in 2020??

    • fbjin01
    • Apr 30th, 2021 4:39 pm
    • Forum: Entrepreneurship & Small Business

  • Is there a threshold on office equipment for amortization vs expense

    ... vs expense it entirely? If I buy a $250 dollar printer for my business, should I amortize it into multiple years or directly expense it? If amortization, how many years of amortization should I put?

    • ilovetoyota
    • Apr 22nd, 2021 8:19 pm
    • Forum: Entrepreneurship & Small Business

  • How to calculate difference between 6 vs 10 years amortization period

    Interest rate is 1.79%. How do I calculate the total interest paid during a 5-year period?TIA!

    • jigsatics
    • Mar 30th, 2021 2:35 pm
    • Forum: Real Estate

  • Rules for Amortization

    Are there any rules for taking out a 30 year amortization? Do you have to have certain circumstances to do this? I thought 25 was max now.

    • Topher86
    • Jun 29th, 2020 12:15 pm
    • Forum: Real Estate

  • HELOC limit change / recall/ amortization

    https://twitter.com/doughoyes/status/1246425898066165760Interesting discussion here. Anybody experiencing any of the above yet?-reduction in unused HELOC portion-recall of existing HELOC-amortization of revolving HELOC

    • whirlwinds
    • Apr 6th, 2020 2:33 pm
    • Forum: Real Estate

  • Rates vs amortization period

    Hi I recently got more mortgage offer of 3.04 for 2 year fixed From a bank (25 years of amort) for a condo.I want to ask if I stretch to 30 yrs period ..What would be the rate likely be for two year fixed?Tc

    • love0715
    • Apr 18th, 2019 7:18 pm
    • Forum: Real Estate

  • Advice re $35K/3 year amortization mortgage

    ... owing at that time will be approximately $35K. We would like to purchase a closed product to ensure a consistent payment amount over the remaining amortization period which is 3 years. Our current lender is only offering a 3.99 rate. So far online I have seen rates as low as 3.29%. Is it worth ...

    • narly1
    • Feb 7th, 2019 4:40 pm
    • Forum: Real Estate

  • Confused between Amortization and Capital cost allowance (CCA)

    My first time to fill a T2 form. In schedule 1, there are line 104 - Amortization of Tangible Assets, and line 403 - Capital Cost Allowance from Schedule 8. I've already figured out CCA, and thought it's same as Amortization. Why there is a different line ...

    • bigbug
    • Dec 4th, 2018 2:39 pm
    • Forum: Entrepreneurship & Small Business

  • Mortgage renewal amortization

    Say you have a 5 year fixed/5 yr variable, and 30 year amortization. When your 5 years is up, you look for a new rate, some place else or the same institution aka Mortgage renewal, will your amortization start at the 5th year, or back to the beginning, ...

    • smartfood
    • Jul 3rd, 2018 12:47 am
    • Forum: Personal Finance

  • Amortization Schedule

    Hi Everyone, Do anyone of you guys use BMO for their mortgage? My current mortgage is with BMO and I have been unable to get amortization schedule from them. I have asked them thru their online banking messaging system, people at local branch and thru the telephone banking as well. So ...

    • rsharma55
    • Apr 4th, 2018 11:31 pm
    • Forum: Real Estate

  • How to report GIFI 1775 Cumulative Amortization

    ... have any way to ever go down? It makes more sense to report for the current year, the NET value from last year + new equipment and current year's amortization.. but I'm not sure what is expected. The result is the same, because NET will always be same regardless of which method you pick, I just ...

    • sailplane
    • Feb 12th, 2018 5:57 pm
    • Forum: Entrepreneurship & Small Business

  • Amortization Renewal question

    I'm curious how other lenders handle your amortization upon renewal. With TD they'd put me exactly where i am now at 16 years. With another lender i got a commitment letter from they are putting me at 20 years which i'm not happy about. Is it ...

    • Latebuyer
    • Jan 27th, 2018 11:00 am
    • Forum: Real Estate

  • extending the amortization

    Hi My house is coming to renewal in few months. At the renewal time, I will have 10years left on my mortgage. I would like to extend the amortization of my house back up to 25 years. When I did the calculation with new 25y amortization, my monthly payment comes to less than $600. 1. Is it ...

    • sadiya
    • Sep 11th, 2017 11:32 pm
    • Forum: Real Estate

  • Choosing between 30 or 25 year amortization

    So I've been offered 2 year fixed rate of 2.24% on 25 year amt or 2.29% on 30 year amt. Which one should I choose?

    • mitchieyy
    • Feb 21st, 2017 4:46 pm
    • Forum: Real Estate

  • Is my mortgage amortization incorrect?

    ... first mortgage payment withdrawn. It is a 25 year mortgage for $146,000, a 3 year fixed term @ 2.89% (the monthly payment is $684.14). I have an amortization calculator I downloaded (Vertex42 spreadsheet), it shows that the first payment should consist of $351.80 to interest, and $332.34 to principal. ...

    • kashwashwa
    • Aug 5th, 2016 11:01 am
    • Forum: Real Estate

  • 35 years amortization still exists?

    Hi , I was wondering if 35 or 40 years amortization still exists?

    • amiratish
    • Mar 20th, 2016 7:36 pm
    • Forum: Real Estate

  • Choosing long amortization to lower risk. Is it good idea?

    ... especially in this forum to gather as much information as I can before I talk to any financial institution. I'm currently trying to decide what amortization period to pick and I'm leaning toward the idea of picking longer amortization to bring down committed monthly payment to be lower than ...

    • kanli1984
    • Aug 20th, 2013 9:45 pm
    • Forum: Personal Finance

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