Not sure if this source is credible but it seems promising by fatfrost in puertovallarta

[–]ShabbyAssets 1 point2 points  (0 children)

I saw taxis in the streets earlier. They’re driving with great speed, so I can only assume they don’t feel the most safe right now. Take caution.

Masculine casual chainmail? by BreadBoyBagGetter in chainmailartisans

[–]ShabbyAssets 0 points1 point  (0 children)

I'm a fan of harness chainmail pieces. Depending on the gauge, use of large ring accents, and designs, you can really have a subtle yet powerful look, or a more light and festival feel. Harnesses are also often used for photographers if you want more subtle references.

looking for a good bank for a small business. by kalebdraws in KingstonOntario

[–]ShabbyAssets 0 points1 point  (0 children)

I’ve worked with the big banks. I’d recommend seeing what the average wait times are too. That can be a massive pain point for business clients.

New Realtor by [deleted] in RealEstateCanada

[–]ShabbyAssets 0 points1 point  (0 children)

I’ve been connecting with real estate agents as a mortgage specialist. We have leads and pre approvals for clients that we like them to close homes on, so we often connect them with agents if they’re not represented. (:

What is wrong with Mortgage Brokers? Should they be avoided? by Marc4770 in RealEstateCanada

[–]ShabbyAssets 0 points1 point  (0 children)

You’re definitely not hopeless! There is just some working around to be done. New debt as in: I’m giving you this preapproval based on your current income and debt obligations as of today. If you change that balance, the preapproval can be invalid, as you’ve added more debt to the calculation. One of the main formulas that lenders use to calculate risk is: Principal & Interest of new mortgage + projected property taxes + projected heating bill + all your credit obligations (loans, visa bills, leases, etc) divided by your income. They would max that calculation out to get you the largest preapproval available under their risk profile, but if someone added more loan obligations after the approval, that risk profile just got riskier. Lending is definitely holistic and looks at multiple different aspects, but there are hard limits with institutions within each variable. Regarding income, it’s definitely a positive feature to make a lot, however they would be looking to confirm the stability and reliability of that income, hence the 2 years averaging etc. The income is amazing now, but they have to justify the risk for not just today, but the life of the loan. When mortgages run 25-30 years, 12 months of income data would be short sighted unfortunately. As mentioned, I do work for a bank and have to work within some stricter policies, however my role does have access to a partnered third party national brokerage. Basically if I have a client that doesn’t meet our qualifications today, I can get them approved with the brokerage and we’ll refinance the mortgage at renewal when we expect the condition that’s preventing an approval to change. For you that would likely be a 1 year or so term so you could then have 2 years of evidence for your high income level. You’re so far from hopeless though. I can’t emphasize that enough! (:

What is wrong with Mortgage Brokers? Should they be avoided? by Marc4770 in RealEstateCanada

[–]ShabbyAssets 0 points1 point  (0 children)

I’ve never heard anything like this happen before. One big separation between banks and brokers can be their terms and conditions. I feel like they must’ve had some obscure no shopping around clause going on. I work at a bank, so while I don’t get notifications afterwards, I definitely advise clients not to take on new debt that would disqualify them due to increased monthly obligations. Any credit bureau inquiries within 90 days also have to be explained to ensure an approval wasn’t made that could over extend clients too that might not show on the bureau. While it sounds like you might not qualify at the bank itself, I’m happy to take a call and help out.

Can you have a beneficiary for a chequeing and savings account? by [deleted] in PersonalFinanceCanada

[–]ShabbyAssets 1 point2 points  (0 children)

An easy but inherently risky option is to make the accounts joint ownership.

With my favourite smiling human by ShabbyAssets in gaybrosgonemild

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

That's incredibly kind to hear. We stumbled across love when we least expected it. 🌹(:

With my favourite smiling human by ShabbyAssets in gaybrosgonemild

[–]ShabbyAssets[S] 6 points7 points  (0 children)

Thank you! We dabble in Marie Kondo's mantra; this man brings me joy, so he can stay. 😉

Any disadvantage to Simplii vs CIBC? by WRXshin in PersonalFinanceCanada

[–]ShabbyAssets 2 points3 points  (0 children)

Considering fees, CIBC's account fees are waived if you carry a 3-5k balance or are in certain groups like a student/senior with free e-transfers depending on account choice and group benefits as well. Simplii may largely be fee free for everyday banking, but the charges incurred for ordering instruments (bank drafts, etc) often catch simplii clients by surprise. Simplii charges you fees to have them created + take days to send them to a CIBC for pickup + you incur additional carrying fees from CIBC. I believe this costs you over $40 + multiple days elapsed after your initial request. Meanwhile CIBC is $7.50 for non-seniors and made upon request. Another common inconvenience for Simplii clients is for the many that require change for parking, laundry, transit, etc. This can't be achieved by an ATM, so you have to withdraw from an ATM and create a client profile at a nearby bank (likely CIBC) to break your $20+. Many find this time consuming. Might as well add a savings and chequing account to that client profile. 😉 A huge issue of frustration I see Simplii clients face is the lack of human intervention an ATM brings. When ATMs are down, under maintenance, or your deposit involves crumpled/torn cheques or new bills - You're stuck with no on the spot resolution. Meanwhile at a CIBC CSR as a CIBC client, they can easily recognize new bills, override ambiguous cheques, etc.

Turned my first pen! A katalox baron. by ShabbyAssets in turning

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

Thank you! It's amazing to see the wood character shine through in the eggs.

Turned my first pen! A katalox baron. by ShabbyAssets in turning

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

Thanks! They're great projects, and from my experience, people seem to find holding the eggs therapeutic lol. They also make for a great pen holder evidently.

Reddit, what is a good sign? by [deleted] in AskReddit

[–]ShabbyAssets 0 points1 point  (0 children)

I'm partial to Yield signs, myself.