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Any mortgage agent recommendations?
Looking for a mortgage agent. Thanks
- chinaboy1021
- May 17th, 2022 12:25 pm
- Forum: Real Estate
- Real Estate
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May 17th, 2022 12:25 pm
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Need a quick mortgage or a loan approval
Hi guys, What is the shortest turnaround time for a loan? One of my family member's mortgage application was denied and there is no time to get another mortgage application from a different lender. The seller does not want to extend the closing date and he is forced ...
- Spirolttc
- May 7th, 2022 4:54 pm
- Forum: Real Estate
- Real Estate
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May 7th, 2022 4:54 pm
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Renew mortgage with higher amm with extra payments banker says yes?
... something wrong.. Option 1 2.89 payments 1730( 3 years at 30 years amortization) **pay 5000 a year extra) 43,700 principal—33,585 interest. <——- Mortgage term end 376,269.27 2.89 3 years payment 1903 ( 26 year amortization) Extra payments (5,000 a year) 50,058 principal 33,556 interest <——— Mortgage ...
- Dejavudiva
- Apr 30th, 2022 9:58 am
- Forum: Real Estate
- Real Estate
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Apr 30th, 2022 9:58 am
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Mortgage lender telling me to close line of credit and credit card
When applying for a mortgage, is it normal for the bank to ask me to completely close a line of credit and/or credit card, even though the balance on both is zero? I've heard of having to pay everything off, but never having to close ...
- DaveGill
- Apr 29th, 2022 4:48 pm
- Forum: Real Estate
- Real Estate
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Apr 29th, 2022 4:48 pm
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Should you apply at multiple banks for mortgage application?
When applying for a mortgage, do all banks ahve the same or similar rate and amounts? RBC, CIBC, Bank montreal etcWas wondering if its worth going to a few banks to see who offers more or less for rates and amounts for a mortgage.
- thatsnazzyiphoneguy
- Apr 28th, 2022 3:43 am
- Forum: Real Estate
- Real Estate
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Apr 28th, 2022 3:43 am
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Lower mortgage payments
Hi Say I have a mortgage of 500000 And my monthly payments are 3000$ 3 years later I sell a rental property and end up with 200000 and I decide to I want to change that 500k mortgage to 300k and lower my payments to 2000$ or less ...
- sky1213
- Apr 27th, 2022 10:35 pm
- Forum: Personal Finance
- Personal Finance
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Apr 27th, 2022 10:35 pm
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Mortgage rate: Variable or Fixed rate?
Question: I have been with variable rate since early 2021. Should I switch to fixed rate now? Just want to hear what other ppl's thinking...or suggestion
- kiasu
- Apr 25th, 2022 12:09 pm
- Forum: Personal Finance
- Personal Finance
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Apr 25th, 2022 12:09 pm
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If possession is June 30th and I close next week, when is my first mortgage payment?
... have had to have money lent to me by the bank to give to the seller. Just want to make sure I'm not being misled by my realtor. If I have to pay mortgage payments before possession, how is this typically handled? Can you charge the seller rent? Do you just negotiate a lower price if it's a later ...
- BarbaraJeanE834
- Apr 21st, 2022 7:43 pm
- Forum: Real Estate
- Real Estate
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Apr 21st, 2022 7:43 pm
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Mortgage Options - Looking for opinions - Variable (2.05% with cash back) vs Fixed (2.84%)
hi, looking for opinions on the following 2 options (approved for both a few months back), close on the new house at the end of may principal balance will be 1.728M in GTA, 5 year term 1) Variable, P - 1.3% - currently 2.05%, $13,000 in cash back (broker + bank offer) 2) Fixed, 2.84%, no cash back W...
- atoronto22rfd
- Apr 18th, 2022 1:26 pm
- Forum: Personal Finance
- Personal Finance
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Apr 18th, 2022 1:26 pm
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[Nesto] [Sponsored] With nesto, You Get the Lowest Rate Mortgage on Your First Try
... no negotiation needed . Get unbiased advice Our advisors don’t take commission. Trust us to guide you to the choice that is good for you. Get your mortgage fast, really fast Accompanied by our financing team, make sense of lender requirements to get approved or pre-approved in record time . A true ...
- RedFlagDeals.com
- Apr 18th, 2022 9:27 am
- Forum: Real Estate
- Real Estate
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Apr 18th, 2022 9:27 am
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Mortgage Options to Purchase Small Industrial Bay
I'm currently leasing a small industrial bay (1800sft) and am looking at possibly purchasing it from the owner later this year. I have an "option to purchase" in the lease agreement, with a fixed price for the first 18 months. After 18 months the price is to be agreed upon or use FMV by a ...
- Semp12
- Apr 15th, 2022 1:54 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Apr 15th, 2022 1:54 pm
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Paying off remaining Mortgage in cash. Lender only allows mailing a draft and no other option?
Have our mortgage through Think Financial (the lending arm of True North Mortgage brokerage). I'm located in Calgary and wanting to pay off my remaining mortgage in full (around 90k). True North/Think Financial have advised that ...
- RigorMortis
- Apr 14th, 2022 3:14 pm
- Forum: Real Estate
- Real Estate
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Apr 14th, 2022 3:14 pm
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Extra mortgage payment for the increased rate
Hi, sorry for the naive question. I'm considering paying extra for my 2 mortgages (25 year / 30 year amortization). I'm thinking of paying extra for both of them to increase contribution to principal. I have a lump sum payment option so I'm thinking I could just save up the money, then pay at the en...
- siddha3
- Apr 13th, 2022 2:45 pm
- Forum: Real Estate
- Real Estate
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Apr 13th, 2022 2:45 pm
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Gifting or Selling Real Estate with Mortgage - taxes?
A friend wants to transfer a house to an adult child. The father does not live in it, but the adult child does. There is a mortgage on the house. The house has accrued in value since the father bought it. They have not yet decided whether the house will be gifted or bought. Does it ...
- sokolov
- Apr 13th, 2022 12:55 am
- Forum: Real Estate
- Real Estate
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Apr 13th, 2022 12:55 am
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Paid off house, HELOC vs mortgage for some expenses?
We're moving into a basically paid off home in a few months, new construction. There's roughly $40k to get to mortgage free between our sold house gain and new house price. Since it's new construction, there's a ton of things we'll need and want to do straight away (blinds, washer ...
- Jokerpersona
- Apr 11th, 2022 7:32 pm
- Forum: Personal Finance
- Personal Finance
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Apr 11th, 2022 7:32 pm
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Mortgage for rental property
... down because you pulled equity out of your house via refinance or heloc, how do lenders figure out how much you can afford for a rental property mortgage? Is it based on your salary/income the same way your primary mortgage is? Or does it take into account the amount you have owing on your current ...
- kyledig5
- Apr 5th, 2022 8:03 am
- Forum: Real Estate
- Real Estate
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Apr 5th, 2022 8:03 am
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Property is CMHC approved, how likely mortgage denial by lender
The strata of the building where the property is located has an ongoing legal case against a contractor that worked on the building years ago. CMHC has no issue with the building, is it possible lenders would deny a mortgage based on that? And if so, why could they potentially do it?
- Vaza3D
- Apr 4th, 2022 5:49 pm
- Forum: Real Estate
- Real Estate
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Apr 4th, 2022 5:49 pm
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Is having part variable and part fixed on your mortgage a smart route
Im being given the advice thst its wise to do something like 65% of a mortgage, and then the rest, fixed. He said because if one wants to break, the penalty will not be that high as well as one can make extra payments.
- Dejavudiva
- Mar 31st, 2022 9:49 am
- Forum: Real Estate
- Real Estate
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Mar 31st, 2022 9:49 am
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I’m really worried about getting approved for a mortgage
... of it) last year when rates were lower and it’s closing this fall (rates rising). I’m worried about the rates and if we’ll now qualify for a mortgage. Here’s our numbers: House price: $862k Down payment: $297k (gave 40k to builder already) Mortgage needed: $560k Property taxes: should be ...
- espressoObsessed
- Mar 29th, 2022 12:19 am
- Forum: Real Estate
- Real Estate
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Mar 29th, 2022 12:19 am
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Porting Mortgage
I am planning to sell my property and buy a new one, but my mortgage has 3 years remaining. What is the process of porting your mortgage, and is there a penalty? What If I want to borrow more? Can I have two mortgage terms on the same property? I am with BMO
- lightspeed
- Mar 27th, 2022 10:02 pm
- Forum: Personal Finance
- Personal Finance
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Mar 27th, 2022 10:02 pm