snoflake
Active VIP Member
I missread your post. Didnt realize you want to pay it off in 10 more years
Here Come 30 Year Mortgages
- Thread starter ABMax24
- Start date
- Thread starter
- #102
ABMax24
Active VIP Member
You can use RRSP's as a down payment, although you have 15 years to re-deposit that amount into your RRSP or pay tax on that amount. I used mine when we bought our house.
There's some kind of first time homebuyers savings account now, but I'm not sure on the particulars.
There's some kind of first time homebuyers savings account now, but I'm not sure on the particulars.
Caper11
Active VIP Member
Same, I was thinking of moving to WCT to be closer to work with less travel, but I can’t bring myself to get into a new mortgage when I am at 1.6%. I will stay put, but I would love to be on a acerage.
Caper11
Active VIP Member
I need some of those!
- Admin
- #105
Hopefully you have a long term on that 1.6% and don't have to renew for a bit.
Most mortgages are portable to a new property, I am currently doing that to keep my last 3 years of 2.09%, RBC allows 120 days between closing dates.
Caper11
Active VIP Member
Yep you bet, I currently like the look of my balance owing at the moment. The real estate market is not doing so hot, especially with all of the recent homes put up forsale around in the area lately.
- Thread starter
- #109
ABMax24
Active VIP Member
Kind of related
mclean
Active VIP Member
As do I. And had to consolidate. They have the newest truck and sports car and camper trailer and acreage. In their mid to late 50s. Doesn't make sense to me. I'd like to be done work by then
snopro
Active VIP Member
Some people are spenders and some are savers. I prefer the perfect mix of both so an early retirement is an option.
Teth-Air
Active VIP Member
My son just got promised 4.99% for a 3 year from a mortgage broker.
- Moderator
- #115
I’m in the middle of that. I’m not great at spending and I’m not great at saving, but if I want something car truck house whatever I need to finance it. Because I don’t have the discipline to save $80,000.
plio7
GBCA Member
same here. we do ok but unfortunately saving is not mine or the GF's strong point
snoflake
Active VIP Member
That's encouraging.
Bnorth
Active VIP Member
That seems about right for a 5 year through a broker right now
Best mortgage rates Canada | Compare Canada mortgage rates | Ratehub.ca
Compare Canada mortgage rates. Find the best mortgage rates in Canada from the Big Banks and lenders. Get expert mortgage rate insights daily.
www.ratehub.ca
Bond yields may push rates higher later this week though so tell him to get that rate locked today.
plio7
GBCA Member
3 and 5 year fixed you can still get right in around that 5%. I have heard of a few people who were renewing getting right in around there.
- Thread starter
- #120
ABMax24
Active VIP Member
Here we go again, now let's allow first time home buyers to take a 30 year mortgage on a $1.5 million dollar home. That oughta make housing more affordable.
globalnews.ca
Ottawa to expand 30-year amortizations, raise insured mortgage cap - National | Globalnews.ca
Finance Minister Chrystia Freeland announced proposals Monday to expand the availability of 30-year amortizations and to raise the price cap for insured mortgages.
globalnews.ca
Similar threads
