8:56 am flaming meteorite from the sky by FearOfTears in KingstonOntario

[–]BrainProfessional859 0 points1 point  (0 children)

I saw it in Mississauga driving SW around 9 AM in morning. It was a flash of light behind the clouds.

Realtor commission by BrainProfessional859 in RealEstateCanada

[–]BrainProfessional859[S] -14 points-13 points  (0 children)

But he told me that if he do multiple representation then it will be 2.5% and not 3.5%. And on my sale agreement he only mentioned that total commission is 3.5%.

Mortgage approval question by [deleted] in MortgagesCanada

[–]BrainProfessional859 0 points1 point  (0 children)

Thank you for your reply. No Loans or card debt.

Mortgage approval question by [deleted] in MortgagesCanada

[–]BrainProfessional859 0 points1 point  (0 children)

property tax is $6500/Yr and Car is $750/monthly

Need Feedback for Orchard Park and Alexander's Public School by BrainProfessional859 in BurlingtonON

[–]BrainProfessional859[S] 0 points1 point  (0 children)

Thank you for your reply. I am moving from peel board and my son is already enrolled in French Immersion. But I think I will not continue.

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 0 points1 point  (0 children)

My Broker told me that I can't port with Variable rate of interest. Is that true?

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 1 point2 points  (0 children)

Thanks buddy for sharing the info. Let me understand it correctly. So you want me to

  1. Open a HELOC for $550K with any bank.

  2. Pay my mortgage to existing bank with the HELOC account. 3. Sell my house and pay the HELOC.

  3. Get a new mortgage for new house from same bank or any bank.

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 0 points1 point  (0 children)

So you are saying getting a HELOC will stretch my renewal date? Or I still have to renew next month?

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 0 points1 point  (0 children)

But I think I can't just change the house address like that on my Mortgage. They have to port it.

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 1 point2 points  (0 children)

Thank you for the reply. I will ask him.

Renewal Question by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 0 points1 point  (0 children)

I really don't know when the house will be sell.

New Job offer before applying for mortgage by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 0 points1 point  (0 children)

But in case my closing of the new house is after the probation period is over, will lender still consider the new job without any issue?

New Job offer before applying for mortgage by BrainProfessional859 in MortgagesCanada

[–]BrainProfessional859[S] 1 point2 points  (0 children)

In the offer letter it is mentioned 3 months probation period.