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... risk takers so GIC seems to be the best option for us. My question is - are there any drawbacks of mortgage early ? Would it be a good idea to pay off mortgage in this economy when cash is short because of high interest rates ? In case we need cash in future , is there a way to access it by refinancing ...
Feb 18th, 2024 11:40 pm
Hi Experts RBC wrote off my CEBA loan without any reasoning - I went to branch, then called credit card line then collection line everyone said no idea and call CEBA helpline. Noone from CEBA helpline called me back over last 3 days ...
Dec 23rd, 2023 2:08 pm
Hubby and I paid off our mortgage and it was a great moment for us. I went to TransUnion to check my credit rating, thinking it went up because I paid off the mortgage. But it went down!! Like about 40 points!! I was really proud ...
Jul 1st, 2023 4:00 pm
... a mortgage that is about $120k with renewal coming up in July. With high interest rates (and it rumored to go higher), I'm leaning towards selling off my investments to pay off the mortgage. I think I have 3 options and was hoping to get some opinions/input on what I should do. 1) Renew at variable ...
Jun 13th, 2023 8:22 pm
... utilization under 30% and never missed any payments) Is there anything I can do to remove these collections or do they just automatically fall off after 6 years? Also, what does it mean it will fall off exactly? Will it still show on my credit report in a past 6 years section or would it disappear ...
May 25th, 2023 9:55 am
... (VFV) and 20% stocks. My gross income is 100k, but net is only 65k after taxes/donations. I don't care about "peace of mind" of paying off a mortgage, and just want to maximize net worth. Is it as simple as "invest if I think i'll earn more than 4.8%"? When it comes time to ...
May 20th, 2023 7:37 pm
Hello All, I'm looking to find a good way to pay down credit card debt. I currently have $13,600 in unsecured debt. My monthly income is $6200 net. After my mortgage and any associated costs, plus living expensives I'm left with around $440 to pay down said debt. I have $7500 in RRSP left (used what...
Mar 14th, 2023 6:19 pm
... I was still in the mid to high 700's down from 800's. I applied for a mortgage to buy a second house in 2019, the lender asked me to pay off the debt from Bell in other to approve the mortgage but after my mortgage broker gave the lender an explanation about my debt and good it was an ...
Mar 1st, 2023 9:43 pm
... pertaining to your credit score. Let's say I'm applying for a mortgage in a year. All else being equal, if I had a statement balance and paid it off before the statement date, ie it will always be 0 vs waiting for the statement to be created and then paying off only the full required amount so ...
Jan 31st, 2023 2:58 pm
Asking for a friend literally…Spouse owes 48,000 in cc debtExcellent credit. Pays every month plus extra. Which bank is best to get a loan to pay off the cards so he can get a lower rate as the cards are crazy high.
Jan 23rd, 2023 6:56 pm
A very close friend of mine has a credit card debt that is currently with collections. It's about $1,800. We are located in Ontario. Should he pay off the debt in full or settle with collections for a lower amount? After doing some research, I'm reading conflicting information. Some people are ...
Jul 27th, 2022 1:31 pm
... least up to 5%. No other debts. We have excess cash after selling our condo and want to use it towards one of these expenses. Simple math says pay off the car since its rate is higher. Just confirming thats the best course of action? There isn't some mystical reason paying an extra amount on the ...
Jun 18th, 2022 8:52 am
Good idea? Bad idea?More importantly, what are the tax implications here? How can I minimize the amount of tax I'd end up paying?
Jun 15th, 2022 1:54 pm
Any thoughts on what is the best way to pay a US bill? I keep reading about Wise but I’m not entirely sure if bill payment can be performed directly through them or if I need to transfer to US bank account then do the payment. Also, does Wise wire to a US bank account or does it use ACH, i.e will I ...
May 9th, 2022 10:08 am
... and apply for secured mastercard from capital one? Am I able to do so? Question 3: I see 2 creditors taken me to collection and others are charge off but now showing in collection. Does this mean the other creditors simply wrote it as bad debt and didn't sent the file to collection. Thanks
Apr 10th, 2022 4:45 pm
... card debt from the same bank, and the interest rate is 20.99%. I can't afford to pay the entire amount all at once, but I am slowly paying it off. From what I see, I can't find any reasons why I shouldn't take the line of credit offer, and use the money to pay off my credit card debt. But ...
Apr 1st, 2022 8:43 am
... was a total of $848, with $832.52 going to the principal. So I'm really not paying that much Interest. I guess my question is: How do I pay off the Mortgage without incurring Fees in my Account and are there fees for the Deed or Discharge? Should I wait a few more pays to have sufficient ...
Mar 26th, 2022 4:39 pm
I bought an item and it was refunded back to a credit card that I forgot that I used for the purchase. (I could not find my main one and I needed this item fast) Is there a way to get that money transferred to my bank account or even my other credit card which is used frequently. There is no money o...
Jan 24th, 2022 11:36 am
Hello. I have 250k left on my mortgage. My 5 year fixed closed is up in July (30 year amortization, 25 years left). I want to pay up everything when the term is up in July. What is the best approach to make sure I'm not hit with hidden fees / penalties, etc. I'm with Scotiabank if that makes a diffe...
Jan 13th, 2022 10:22 pm
For those people living off investments (perhaps retired), is it "better" to withdraw the entire annual amount in a lump sum from the investment account(s) or is it "better" to withdraw the amount monthly? I have an ...
Sep 5th, 2021 7:16 pm