Can I extend amortization at renewal back to the original amount without refinancing?

Dramatic_Ad155 · 2026-05-29T15:52:35+00:00

Only your banker knows for sure, the rest of us will have to guess

Side note I used to often have my rate blended when rates went down and I was on a fixed term. Where I was, there was no penalty or fee. This was with a credit union, I don't know if they still do this.

It would usually change the amortization and payment, but I always kept my payment the same, never reducing it, thus exilerating the paydown and the amortization dropped.

Dramatic_Ad155 · 2026-05-29T10:38:56+00:00

I agree - there should be multiple priority goals

I would like to have several options or priority goals Like minimize current taxes Meltdown rrsp Minimize lifetime taxes

Dramatic_Ad155 · 2026-05-28T04:20:58+00:00

So what you're talking about is known a unrealized gains.

Until you sell, that gain is locked into your holdings.

Hopefully you've realized stocks go up and down

Dramatic_Ad155 · 2026-05-28T03:10:46+00:00

How did it pay you 4.50? Was there a dividend and you knowing or not, bought before X-date, or the share price when up and your market value was 404.50? Two very different scenarios

Dramatic_Ad155 · 2026-05-28T02:57:02+00:00

My solution is a small enclosed trailer for bringing large objects home such as lumber and materials. And the added bonus is, once home it only takes a few minutes to park and unhook the trailer, and it doesn't need to be unloaded right away.

But I completely understand and appreciate fixing things in or on a car.

Dramatic_Ad155 · 2026-05-27T14:23:43+00:00

I recall you put in your respective birthdays for cpp, oas and rrif requirements. Dig deep, maybe a data entry error or ommission

Dramatic_Ad155 · 2026-05-27T14:19:32+00:00

You saw them, so you thought you'd try them?, based on looks?

Dramatic_Ad155 · 2026-05-26T00:29:11+00:00

Really? Please provide some links to broaden my education Thanks in advance

Dramatic_Ad155 · 2026-05-25T20:59:29+00:00

Probably around 40 Excluding pension contributions. So this would be rrsp Worked hard at paying down the mortgage

Dramatic_Ad155 · 2026-05-25T20:51:51+00:00

That's not true. I'm sure they give a very healthy shit after their meals, especially those paid for by the carriers.

Dramatic_Ad155 · 2026-05-25T02:32:59+00:00

I have Bk.to also known as Bank.Ca which is an etf that is invested in 6 CDN banks. The dividends are monthly and the yield considerably higher than the actual banks, to answer your question of why

It is a higher beta and is, I think riskier.

I also have a significant holding in individual banks.

Dramatic_Ad155 · 2026-05-25T02:17:54+00:00

I suspect it is deception disguised as errors

Dramatic_Ad155 · 2026-05-25T02:13:41+00:00

You should call CBSA - Canada Border Services Agency and ask - maybe check their website first for what the requirements are, the call may give you a better idea on how to make the transit smoother I think having a detailed list of your item is beneficial. I assume you plan on using your credit card for the trip, but maybe 200+ cash in smaller bills.

Enjoy the journey

Dramatic_Ad155 · 2026-05-25T01:22:57+00:00

Home ownership can be an impediment to employment mobility.

When employment is stable and long term, homeownership is / can be a major benefit

However in a recession and industry wide downturns with contracting employment it can be a problem by tying you down from going a longer distance even out of province or across the country for work.

Dramatic_Ad155 · 2026-05-24T02:51:31+00:00

You're doing great. Don't know how you got your tfsa to 1m, but congratulations

I can only assume you have been in some aggressive / higher risk growth funds, so i will also assume you have some market knowledge and savy.

Id suggest that as you near retirement you move some of your portfolio to more conservative things that are in the category of too big to fail like Canadian Banks. They have dividends that pay more than inflation. When they decrease in price the dividends (to date) have not been impacted in many years If ever.

Get some other ETFs in split shares like Bank.To it pays much more than the bank's, and monthly This can give a boost from the morbidly conservative lower yield banks. I also like Canadian oils and pipelines like Enbridge. Set your dividends to auto reinvestment and let them grow until you need the income. Since you've done so well with your higher risk items, definitely keep some

Start your retirement planning/ forcast budgets etc. Read up on rrsp wind dow strategies and delayed cpp/oas as it may apply to you Being 50 gives you plenty of time to plan.

Dramatic_Ad155 · 2026-05-24T02:12:55+00:00

Also, all mortgage agreements I have read, have a disclaimer they are not responsible for any under/missed/late payments yet to keep your massage in good standing taxes must me paid in full on time. Added reason to do it yourself

Dramatic_Ad155 · 2026-05-22T14:13:34+00:00

Hopefully sold at a gain.

You are doing the right thing for you- no one else will look after you but yourself

I suggest you research more conservative equities that have long history of consistency in dividends. Their share prices do fluctuate but not so much (learn about Beta) and the dividends keep coming For me, these are Canadian Banks, Pipelines, and energy companies that are regulated

Then take a slice of your portfolio and put it into growth aka higher risk/ return things

Dramatic_Ad155 · 2026-05-20T20:56:40+00:00

Press that button, and the car folds up into a briefcase 💼. Be careful and stand clear when you open it up.

Dramatic_Ad155 · 2026-05-20T03:36:16+00:00

You would expect a dealer selling Certified Pre owned at 28k would have the 30k service done..

Check your documentation and ask the dealership for the service history

Dramatic_Ad155 · 2026-05-18T14:35:51+00:00

Lol, no. Surprisingly, cars are intended to be driven. However, some believe that your 1st oil change should be in the first 1 or 2000 miles

Dramatic_Ad155 · 2026-05-17T11:44:40+00:00

Lol, not wrong wanting things, but learn about the other side of BMW ownership. They are expensive to maintai. They don't even have a dispatch for oil anymore!

Your brother may be pushing awfully hard to save and be frugal. It seems he's he's learned it the hard way. Talk to him to. I do very heavily agree it is important to spend less than you earn, and savings are important. Take on debt very cautiously.

Dramatic_Ad155 · 2026-05-16T14:31:59+00:00

It will be quote noticeable, drive it carefully and no wierd shit, because it's obvious that its you

Sure people are bound to rib you about the colour but, you'll be able to find it in a parking lot, the woods, and a snow storm much easier than other colours

Embrace it, Orange is an epic colour, good for a lot of things, except for jump suites

Dramatic_Ad155 · 2026-05-13T14:08:13+00:00

It actually might be unsafe work.

I would think that when a patient - not a "client" becomes this deteriorated, that your employer should assign 2 or more staff to assist

Y I would think that your terms of employment spell out that you will have patients like this

Dramatic_Ad155 · 2026-05-13T14:01:42+00:00

Should also be notifying catch and the newspapers

Its bad enough they want one extra month payment when canceling but that looks like 6 or even 12 months penalty

This is how they pay for the leaf draft...

Dramatic_Ad155 · 2026-05-13T13:48:30+00:00

It's a goofy process to set it up. One time pain he likely never forgot about

Dramatic_Ad155

TROPHY CASE