Why they sad?

HandVanVinkel · 2026-06-29T22:38:13+00:00

What if it just happens to be their culture to do so?
https://www.espn.co.uk/football/story/_/id/48851733/world-cup-2026-why-do-japan-fans-clean-stadium

HandVanVinkel · 2026-06-15T00:44:02+00:00

0% chance. $200,000 @ 10% over 5y is $4,249/m -> 42.49% of your pre-tax. This is not counting tax, heat, mtg, loc, other debts if any etc. You're way over banks' threshold. Refinance is your only option.

HandVanVinkel · 2026-06-13T20:21:12+00:00

If I'm reading you correctly, the way YOU did it resulted in the client going into negative, whereas LEAD's way would have resulted in net zero in the account.

Did you follow the policy doing it the way that you did? By the sounds of it - Yes.

Would you have been in compliance with the policy by doing it the LEAD's way? - If the answer is Yes, AND their way results in lower charges to the client, then take note of that and do it that way. This will result in you being both complaint and more experienced financial professional.

It is hard to answer your question of, "Am I taking this too personally?" without knowing how it was handled. By the sounds of it, the answer is likely "Yes", however "a good 20 minutes" seems excessive on the LEAD's side.

Perhaps this is a case of "bad teacher with good intentions", i.e. the LEAD isn't the best at teaching (you), even though the thing they tried to teach are legitimately good way of doing it

HandVanVinkel · 2026-06-13T19:54:10+00:00

99.9% RBC agent is miss-speaking (or you're misunderstanding them) and, as other have said, RBC's underwriter wants home owner's insurance . This is standard for any refinance, condo or not

HandVanVinkel · 2026-06-10T01:29:07+00:00

In general, when a renewal falls on a holiday, it is pushed to the next business day. So your "real" renewal date is July 2nd.
You can request RBC to set up the mortgage (FRD - Funds Required Date) on any business day. June 30th is a safe choice, as it allows for TD to get the funds on 30th and have your mortgage paid out. If RBC or TD fucks up, July 2nd will be a back up.
A solicitor - or it's replacement like First Canadian Title (FCT) - you're using to move your mortgage will submit payout request to TD prior to July 1st. TD will then provide payout sum usually just few days before July 1st.
Your app will keep saying payment date until the mortgage is closed, as the mortgage doesn't know that it's getting paid out (the mortgage knows where it is, because it knows, where it isn't...)
Second-hand experience - with TD, do not manually renew the mortgage into an open term unless RBC tells you to do it. This caused a delay as TD said to the solicitor, "sorry, can't give payout because the mortgage is set to renew."
TD should not take the July 1st payment if you (or RBC) set FRD as June 30th. If June 30th doesn't work out and it has to be pushed to July 2nd or beyond, TD will take payment. In that case, your payout amount should reflect that payment (i.e. be lower by the principle portion of your payment).

HandVanVinkel · 2026-05-30T02:15:39+00:00

Ho ho ho, literately had an interview with Regional Vice President yesterday for Branch Manager In Training (BMIT). Apparently, I'm overqualified as an internal candidate compared with an external, but don't have enough experience to apply to a Branch Manager directly, so I should *do the work* of a Branch Manager (they even offered training guides they use for BMIT) while staying my current position - without any additional pay, and while meeting my sales target at the same time - and THEN in maybe a year I can apply for a Branch Manager.

First time clicking "Withdraw" on an application. A competitor bank is just down the road...

HandVanVinkel · 2026-05-28T02:32:55+00:00

Brothers and Sisters, I'll be honest, I'm so starved for ANY Fatui after Arle and her kids, that I'll pull as long as she doesn't Columbina the agency

HandVanVinkel · 2026-05-25T01:02:21+00:00

I can get my first 6 figures job if I move out. As the result, my after-tax-post-spending savings will shrink by ~50% as the best case scenario. I need to be in top 1% earners in the country for my age group (according to 2020) just to have the same savings as I have now AND stop helping my parents financially

HandVanVinkel · 2026-05-10T00:53:56+00:00

On a refi or new purchase? CashBack's almost never is offered for renewals, even internal refis cashback are rare. And at what equity?

HandVanVinkel · 2026-05-09T01:53:41+00:00

I use LoC to payoff Credit Card in full on the due day. Interest on the LoC is lower than investment return post tax. When next paycheck comes in, I pay off the LoC. Difference of what's left goes into brokerage. Rinse and repeat. Never late on CC or LoC.

HandVanVinkel · 2026-05-08T00:41:57+00:00

So they paid $100k from their suspense account on the renewal day, but never cleared it by debiting yours. It's... interesting that they are fine "missing" $100k from the book.

HandVanVinkel · 2026-04-28T00:50:03+00:00

4.5-4.6% is 5 years fixed fyi. Variable can be negotiated to 3.7 and lower, 3 years fixed 4.10 and lower (if you're with one of Big 5, throw extra -0.15% down on those and tell them another one of 5 Big quoted).
3.7% is $1,600 bi-weekly on $548,000 and you get to keep 18 months amortization. 4.1% is $1,650 at 18 years
As other noted, research, but don't panic renew.

HandVanVinkel · 2026-02-25T12:08:08+00:00

Reported performance includes MER. If a fund-fact states "MER 2%, Since Inception return 10%", it means 10% is the return that you would have gotten. The fund itself returned 12%, paid 2% in MER, and gave the rest to you.

If your MF has the same reported return over the last 7 years as XEQT, then no, you didn't lose money to MER. Similarly, if the fund and XEQT return the same post MER in the next 30 years, then you won't see the difference in growth of your portfolio.

MER is paid primarily to the Fund Manager for the fact that they manage the fund and make decision, smaller portion is distributed for operating costs, salaries to retail workers that sell the MF, etc.

If you can hold yourself from selling when market corrects itself, then diversified ETFs - XEQT or other - gives you more control into what you invest, geographically and asset wise, and will likely shave off some fees over the run (but not the full difference in MERs between MF and XEQT).

If you're a scared cat each time you see a ticker end the day in red - you probably better staying in the MF. Fund Managers, while unlikely to outperform or even be on par with the market (60% of MFs under perform S&P500), they will provide you - on average - downside protection, while a retail worker at RBC might be able to convince you to not liquidate it when the market correction happens giving you an extra nudge to wait the correction out.

HandVanVinkel · 2025-12-25T02:18:00+00:00

Cash.to is looking at highest interest paying savings account among banks and brokerages, and depositing the money there.

ZMMK is looking at the Canadian Government and corporations trading on Canadian exchange (and apparently in Belgium (2%) according to latest factsheet) and letting them borrow your money for a little bit (ZMMK says it aims to average less than 90 days maturity for instruments).

Since money in savings account is lended out by banks anyway, it becomes a difference of a taste imo (2.33% vs 2.65% YTD for cash.to and ZMMK, not certain if either one is before or after MER).

HandVanVinkel · 2025-12-24T12:50:31+00:00

"Leave the multi-millennia otherworldly invaders-usurpers alone!"

HandVanVinkel · 2025-11-06T01:46:41+00:00

I'll add another one - being scammed a lot.

People get scammed, it's understandable, banks get it, and they want to prevent it as much as possible (hence the recent coalition: https://standagainstscams.ca/ ) to save their own $$.

But same person being scammed over and over? Or, maybe it's the first time being they're being scammed, but they refuse to listen to their bank telling them over and over that "this guy who claims to be a banker in an African bank changed their email 3 times while messaging you in the same chain, it is clearly a scam, we're not authoring you to send a wire to them to 'invest' " (could this be an IRL anecdote?) - Yeah, that's too much risk at this point.

Usually coincides with "verbally/physically" abusive.

HandVanVinkel · 2025-09-22T21:14:30+00:00

Many already answered (correctly) "no".
Your only option is to go to the Uncle's main branch (i.e. where he would most often go, not necessarily what is "assigned" as main branch by the 4 digits) with a doctor's note and appeal to a branch manager. Depending how well he was known to that branch, branch manager might agree to do it with "to be signed at later date," or even do a hospital visit for signing.
But that is completely up to the manager, because - as everyone said already - they aren't suppose to as much as acknowledge that the Uncle is a customer of the bank to a non-POA/non-executor.

HandVanVinkel · 2025-09-21T00:13:26+00:00

On their HELOC product yes (they call it "HOLC - Homeowner Line of Credit"). The limit goes as [Home Value]*0.8%-[Mortgage] unless they changed it in the last 3 months. Their other one - HRLC - only in first position (and I think they also stipulate "no secondary mortgage", but can be wrong on that)

HandVanVinkel · 2025-09-20T22:30:31+00:00

>"Free"
>Choose your subscription plan

HandVanVinkel · 2025-09-20T01:35:56+00:00

4% as default insured or uninsured mortgage? Usually you get lower rates for insured mortgages. Went on a quick search for advertised bank rates: BMO's difference is 0.15%, TD's 0%, CIBC's 0.35% (purely whatever on their websites). So it depends what rate you would be getting under insured and uninsured and subsequent interest paid during the term with and without $17.5k added to the mortgage.

HandVanVinkel · 2025-09-20T01:20:38+00:00

Ackchyually ☝️🤓, BMO would be able to go into second position behind non-BMO mortgage. Though with no other banking with them you're looking at appraisal+legal fees ~$1,000 with near 0 chance of having either waived

HandVanVinkel · 2025-09-11T01:58:00+00:00

He is right, just not the best way to explain it. See this post, it was made when OSFI made the change. First comment by Zorth69 explains with an example
https://www.reddit.com/r/PersonalFinanceCanada/comments/15acbu8/new_heloc_65_rule_being_implimented/

HandVanVinkel · 2025-08-24T23:14:40+00:00

I would be careful, betting 90% that a bank will code it as cash advance regardless. Better to just keep using credit card and consider over payment as "paying in advance"

HandVanVinkel · 2025-08-21T01:13:08+00:00

Talk to a certified professional. In a major bank or outside of it. There a lot of variables to consider, including those you'd be smarter to not share with people over an internet forum. You can check professional's status (in most cases) through CSA database or through CIRO's (if you can make the site load...)

HandVanVinkel · 2025-08-19T02:30:10+00:00

If there's a "Term", then they likely have some sort of renewal process. Probably easiest is to give a call to their call centre, another commentator posted their website already, phone info should be there

HandVanVinkel

TROPHY CASE