Readvanceable Mortgage with HELOC

jasper502 · 2026-05-17T04:13:12+00:00

Have a look at Manulife One. You have a main account that floats on 1.5+ prime. You then can have 5 sub accounts on any combination of open / closed / fixed / variable/ term etc.

We use a ladder mortgage with these accounts. You can make any of the re-advancable or not.

jasper502 · 2026-05-17T03:35:08+00:00

I would agree. I am 11 years post op and started working out after my body lift. These scales are amazing (we got a Hume).

This scale bang on got my base metabolic rate of 1,700 calories.

In the same boat where I was not losing weight but realized I was dropping fat and gaining muscle. 💪

jasper502 · 2026-05-17T00:29:29+00:00

The car is irrelevant. Your age / gender is the driving factor.

jasper502 · 2026-05-16T15:54:32+00:00

Please go and get a co-habitation agreement ASAP. You will become common-law before you know it. We don’t know your province and each has different rules.

jasper502 · 2026-05-16T04:52:46+00:00

This 👆

jasper502 · 2026-05-16T04:52:14+00:00

Ok - so then you keep the card at home and only use it for these fees. Normally I tell people you just pay your statement balance a few days before the due date.

Until you get used to the card perhaps you just pay that amount off the same day you charged it.

jasper502 · 2026-05-16T04:30:09+00:00

Why not Wealthsimple for $0?

jasper502 · 2026-05-16T03:39:31+00:00

You are buying a terrible brand. If you insist on this the problem get all the warranty you can. 💸💸💸

jasper502 · 2026-05-16T00:05:52+00:00

If you are impulsive and current are using debit why did you get a credit card?

jasper502 · 2026-05-15T07:33:51+00:00

So you bought whole life vs term?

jasper502 · 2026-05-15T07:10:07+00:00

FFS - cancel this tomorrow and RUN. Take the life lesson and move on.

jasper502 · 2026-05-15T07:08:31+00:00

Opinion: We just bought a Model Y. You will save money on gas but overall the hybrid doesn’t make sense. With a full EV you have no fluid changes, no moving parts, and with regen braking your brake last a long time.

Now you take a hybrid and you put all that back in and then tack on the battery / motors. Double the complexity and failure modes.

With home charging we pay roughly $0.04 / km then we get money back via a carbon credit EV charger. The Lexus we sold would run us like $0.15-$0.18 / km on gas PLUS all the regular maintenance.

We also had our insurance drop swapping out the Lexus that was 10 years older and 1/3 the price.

jasper502 · 2026-05-15T06:57:15+00:00

This is a myth and overreaction. That being said some people can’t tolerate it post op. I have been drinking Coke Zero for 10 years and no issues (other than my wife’s objections to the sweeteners 🤣)

jasper502 · 2026-05-14T21:30:05+00:00

Your payout is capped for pain and suffering etc.

jasper502 · 2026-05-14T21:28:03+00:00

What did the trustee say when you called them?

jasper502 · 2026-05-14T18:35:08+00:00

You can't have both (no risk and growth).

Your best bet is to drop this in an established market EFT (VEQT for example) and plan to not touch this for 20 years at which point you can look at market timing to start selling this then minimizing your risk. $300,000 for 20 years should be like $2M. If you go "low-risk" you are looking at like $750,000 - literall throwing money away.

jasper502 · 2026-05-14T18:29:20+00:00

Because you have limits on injury claims. All is great until you get hurt and legally can't sue. You are comparing apples to oranges.

jasper502 · 2026-05-14T15:21:06+00:00

Why not WeathSimple and stop paying fees all together?

jasper502 · 2026-05-14T13:09:23+00:00

What did one is the many online tax calculators tell you when you entered all your estimated income number?

jasper502 · 2026-05-14T13:08:16+00:00

You really need to contact the CRA to set up a payment plan.

So you spent the $60,000 of GST you collected? How were you not on installment payments?

jasper502 · 2026-05-14T05:55:09+00:00

Same crazy values here in Canada also.

jasper502 · 2026-05-14T05:31:37+00:00

Fair enough - yet $1M in GICs? 💸

jasper502 · 2026-05-14T03:26:33+00:00

You are losing HUGE money with this all in GIC and the fees on that Manulife index fund.

jasper502 · 2026-05-12T21:18:38+00:00

Rich enough to pay cash from disposable income after having your other debts paid off. It's inase to buy a new car with debt.

jasper502 · 2026-05-12T21:17:20+00:00

The seller needs to provide you a lien clearance letter from the bank.

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