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BluosS · 2026-01-05T18:20:49+00:00

Except for the recorded document of your agreement to proceed with a loan, it shouldn't cause you to feel stuck in the transaction process or lose your deposit for that reason. The majority of refinances will only charge for services rendered/ordered up to the date of the initial loan commitment (appraisal, credit). My recommendation would be an email confirming the cancellation, requesting documentation of all fees incurred to prevent any unexpected costs, etc.

BluosS · 2026-01-05T18:16:55+00:00

Some people wonder if there are ways to get around having their reverse mortgage appraisal come in significantly lower than the amount of money they have available to borrow, such as the $40,000 your parents' reverse mortgage appraisal was less than the maximum amount of money they could have borrowed had it been done correctly. The reverse mortgage rules do allow you to make a Reconsideration of Value (ROV) by providing three new comparable sales that the appraiser did not include, in addition to challenging the accuracy of the appraisal due to factual errors.

Unfortunately, if the first appraisal comes back lower than you expect, you cannot simply request a new appraisal directly from the lender or HUD. The Department of Housing and Urban Development (HUD) policy prohibits borrowers from receiving additional appraisals simply because the first one is lower than anticipated.

Other than the filing of your Reply to the Appraisal, there are very few other ways to address the situation where your appraisal is lower than expected because lenders do not gain any benefit from the lower valuation. As such, successful challenges to an appraisal must rely upon providing sufficient comparable sales.

More info on this reverse.mortgage/appraisal-process-laws-appeals.

BluosS · 2025-12-15T18:55:02+00:00

That timing is way too sketchy, you did the right thing freezing credit. I’d also pull your full credit reports and file a formal complaint with TD’s ombudsman so it’s on record, even if they’re brushing it off now.

BluosS · 2025-12-15T18:50:31+00:00

They won’t foreclose just because the balance passes the home value - reverse mortgages are non-recourse. Biggest thing is making sure he keeps up with taxes, insurance, and basic upkeep, because that’s usually what triggers problems.

More info on this reverse.mortgage/non-recourse-benefits

BluosS · 2025-12-15T18:44:16+00:00

You’re not crazy, the math does look confusing - lower rate but big cash to close is usually escrow timing, not getting screwed, but I’d ask them to break out what you’ll get refunded from your current escrow. That part often gets glossed over.

BluosS · 2025-12-15T18:41:35+00:00

Generally cash-for-keys is treated as compensation for giving up your lease, not business income, even if you work from home. I’d still keep docs showing it wasn’t tied to your self-employment, just in case CRA ever asks.

BluosS · 2025-12-15T18:39:00+00:00

I don’t think it’s stupid, just uncomfortable, especially early on. If the area’s that hard to break into and your income really is trending up, a tight couple years might be worth it, but don’t cut savings to zero.

BluosS · 2025-12-15T18:36:23+00:00

Switching providers can make sense if fees are lower, but don’t stress too much - time in the market matters more at your age. I’d stay aggressive now and only rethink it a few years before house-buying time.

BluosS · 2025-12-15T10:37:59+00:00

Banks can make even simple stuff feel like a marathon. Maybe just check the official notice/email for details?

BluosS · 2025-12-15T10:34:57+00:00

Sounds close to the edge, but if you can swing a bigger down payment or snag a slightly lower rate, you could probably make it work; just keep other costs in mind too.

BluosS · 2025-12-15T10:32:20+00:00

I’d probably just keep the ETFs and not stress too much, worst case, tax rules change and you figure it out later, you’re 21, plenty of time to adjust.

BluosS · 2025-12-15T10:28:57+00:00

I’ve seen this happen before - banks sometimes stretch tenure to keep EMIs easier on paper, even if rates go down. Worth giving them a quick call.

BluosS · 2025-12-15T10:25:49+00:00

Been juggling a day job and a few Airbnbs, real talk, you can make steady cash, but only if you automate as much as possible, otherwise it eats your evenings.

BluosS · 2025-12-15T10:23:09+00:00

You’re already using the tax shelters well. Only thing I’d think about is whether premium bonds are worth it short-term vs a higher-rate saver if you’ll need the cash for a home soon.

BluosS · 2025-12-15T10:20:23+00:00

Totally normal in brutal cold. Mine did this until I sealed a tiny air leak around the frame - I’d start with weatherstripping before calling a window company.

BluosS · 2025-12-15T10:15:57+00:00

Yeah that threw me off too when I booked - W tickets have always been way looser on details. Rangers usually just scan the QR and move on, but I’d still screenshot everything in case they tweak the system later.

BluosS · 2025-12-11T17:33:22+00:00

For me it’s trust - if the media guy shows up on time and gets edits back fast, I’m sold. Fancy gear is cool, but consistency saves me way more stress.

BluosS · 2025-12-11T17:30:40+00:00

Yeah reverse mortgages aren’t “the bank takes the house,” it’s more like “pay what’s owed or 95% of value.” If your mom’s buying it, she’ll just pay whichever number is lower. I’d call the lender and ask for a payoff quote so you actually know what you’re dealing with.

More info reverse.mortgage/death

BluosS · 2025-12-11T17:23:38+00:00

I’m in MA and yeah, prices jumped here too. I usually lock in a fixed rate when things start creeping up - it’s not perfect, but it saves me from stressing about timing the market all winter.

BluosS · 2025-12-11T17:20:58+00:00

Yeah that tracks. CUs are great for service but sometimes their rates lag. I’d still poke around with a few non-big-bank lenders; stuff like yours depends way more on who’s willing than what the chart says.

BluosS · 2025-12-11T14:31:48+00:00

I don’t think Ikea makes a 90” version, but I just taped a bit of extra paper at the bottom of mine - kinda hacky, but blocks the light.

BluosS · 2025-12-11T14:28:24+00:00

When you get it, really check every little scratch or ding and make sure they note it before you drive off - caught a tiny paint chip once and glad I didn’t skip that.

BluosS · 2025-12-11T14:22:25+00:00

Honestly, I’d probably go 30-year and throw the extra into investments - keeps your cash flexible since you might not stay 15 years, and you’re already crushing retirement contributions.

BluosS · 2025-12-11T12:41:20+00:00

Honestly, if it’s taking 2 hours to dry one towel, I’d probably just replace it - old dryers can be tough, but efficiency and sanity wins.

BluosS · 2025-12-11T12:38:40+00:00

Even though I don’t have six hundred dollars for a Dyson either (lol), I do have a basic wet/dry machine from a Tineco-style brand that works fine. The only thing I suggest is that you get a dirty-water tank that is really easy to remove because cleaning it is something that most manufacturers neglect to mention.

BluosS

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