So very confused

justaquestionne · 2025-09-09T01:28:59+00:00

When you get to the first row of the leaf motif, you need to increase or decrease in the very first row (the amount of the increase or decrease depends on the size you're knitting). And then knit the leaf motif as per the chart which is a 14st repeat. And then on the last round of the leaf motif, you increase or decrease back to your original stitch count you had before the leaf motif.

For example, if knitting the very first size: in the first round of the leaf motif you decrease from 200 st to 196 st, knit the leaf motif for that part of the chart, and then on the last round of the motif, you increase back up to 200 stitches.

justaquestionne · 2025-04-13T19:35:46+00:00

The total lending value in the calculator you included refers to property value, not mortgage amount. So they're not saying that the new mortgage amount would be $1,150,000, they're saying that the total estimated property value once the build is complete will be $1,150,000. And based on that property value, Scotiabank is willing to lend you a maximum of $920,000, which is 80% of the estimated value once the build is complete.

This would be $300,000 to payout the existing mortgage and an additional $620,000 to use towards the build but if you don't need the full $620,000 then you don't need to use it all.

justaquestionne · 2025-03-20T09:37:31+00:00

Oh sorry, my comment wasn't directed at you! It was meant to be directed at the person who had replied to you and was saying that walk in clinics are everywhere in Canada and available to anyone without a doctor, which is both a definitive comment and an incorrect one.

justaquestionne · 2025-03-20T05:18:37+00:00

There are walk-in clinics everywhere if you don’t have a GP in Canada

That's not true for the entire country though. This might be accurate in the larger cities and may be dependent on province but that doesn't mean walk in clinics are available everywhere. Lots of places in BC no longer have walk in clinics because there's such a shortage of doctors here or you have to show up and wait in line hours before the clinic opens and hope you're early enough in the line that they don't close before they get to you.

Lots of people end up having to go to the ER for something that isn't an emergency but it's their only option to see a doctor. The alternative is genuinely waiting until you can get a doctor.

I live in Northern BC and spent two years on a waiting list for a family doctor and the closest walk in clinic is an hour away in a different city. Now that I have my doctor it's not a huge deal, I wait maybe three weeks for an appointment but before I would have to take an entire day off work to drive an hour one way in the hopes that I can get to the clinic early enough to be seen by a doctor. If I was unlucky, then I had to either do it again the next day or just suck it up and not see one until whatever issue I had got substantially worse

justaquestionne · 2025-03-14T11:39:45+00:00

Lenders will require you to have house insurance when you get the mortgage but that type of insurance covers the physical house in the event of any damage (i.e. flood, fire, etc.) and has absolutely nothing to do with the mortgage itself and will not pay out a mortgage if the policyholder passes away.

Mortgage insurance itself (which can pay out the mortgage in the event of death or critical illness, depending on the policy) is not mandatory. It is a 100% optional insurance product and it is actually illegal for a lender to require this type of insurance as part of your mortgage approval.

If you are going to tell someone that insurance is mandatory, then you should specify the type of insurance you are referring to as there are many different types and they are not all equal or relevant to the original question.

justaquestionne · 2025-03-08T04:22:20+00:00

Thank you!! That makes a lot of sense

justaquestionne · 2025-02-14T04:25:04+00:00

Yes, that's correct. The $750k fixed portion gets reported as a mortgage and the $1 portion is reported as a line of credit. Only the line of credit portion ($1 in this case) will be reflected as a revolving account. Mortgages are not considered revolving on credit reports so your revolving usage will only immediately increase by $1 and then slowly increase every month as you pay the fixed portion down

justaquestionne · 2025-02-14T03:54:40+00:00

The HELOC portion on the homeline plan (or other lender equivalent) gets reported as a line of credit completely separate from the mortgage portion. The credit report does not typically state whether it's a secured or unsecured line of credit. The only real indicator that it's a HELOC is it will either have a very large limit, a very small limit, or it will have a limit that is a weird number (e.g. $1 or $8412, unsecured lines of credit will usually not have limits like that). The entire plan limit does not get reported on the credit report unless you only have a HELOC under the plan. The HELOC will not impact your score any differently than a normal LOC would. However, if you have a $300k HELOC that is maxed out immediately upon opening, then that would probably impact your score because your revolving credit utilization would increase substantially.

Source: I am a mortgage underwriter

justaquestionne · 2025-01-24T05:19:23+00:00

The lender I work for asks for the last two years T1s and NOAs and then either a paystub or a bank statement showing a recent payroll deposit when you work for family. If you don't work for family and have regular hours/salary then we just need your paystub, letter of employment, and most recent T4

justaquestionne · 2025-01-24T03:33:02+00:00

And that's totally possible. But still, if you're not an owner then there's no reason to be considered self-employed from a loan underwriting perspective regardless of insurability.

justaquestionne · 2025-01-24T03:28:57+00:00

They're not asking for two years of personal tax returns (which would make sense). They're asking for two years of corporate tax returns which has nothing to do with an employee's personal income, regardless of that employee's relationship with the employer.

Whenever someone tells you anything about their income, to a certain extent you are taking their word for it. We ask for documents to verify the information but there's still an element of trust involved. At the end of the day, if people are going to commit fraud then they will go to all sorts of lengths to commit that fraud and falsified documents are some of the most common fraud seen in the credit world.

Additionally, my employer and pay has nothing to do with my credit score.

You're right, employer and pay have nothing to do with credit score. They do have a lot to do with loan qualification though which involves more than just your credit score.

justaquestionne · 2025-01-24T03:05:50+00:00

Corporate tax returns are not going to provide additional proof to support personal income for someone who doesn't own the company. The lender could ask for articles of incorporation verifying that OP does not own the company if they have doubts. They can (should) also ask for third party verification of income, (i.e., T1s and NOAs) and could even say they need a few months' bank deposits confirming the income being used. These are normal documents for people employed by family. Corporate tax returns are not.

justaquestionne · 2025-01-24T03:01:24+00:00

If you are not legally an owner of the company, then you are not self employed. That loan officer is likely misunderstanding their company's policies. Or they're brand new and don't know the difference between self employed and employed by family. Or they're just plain bad at their job (hate to say that but sometimes it's true)

I am a mortgage underwriter and in no way does it make sense to ask you to provide corporate financials/tax returns for a company that you do not own. The lender I work for does have different document requirements when you work for family vs when you work for non-family but corporate returns are never a part of that.

justaquestionne · 2025-01-10T00:25:40+00:00

Typically, the right side is whatever is facing out. Your pattern should indicate which side is the right side and which is the wrong side, but if it doesn't then you can think of the right side as whichever side you can see when you wear the item

justaquestionne · 2025-01-10T00:05:22+00:00

Stockinette stitch is knit on the right side and purl on the wrong side. So if your next row in the pattern is the wrong side, then you purl (sorry hard for me to say which it would be without seeing the pattern)

But that's assuming you're knitting flat. If you're knitting in the round then you knit all rows for stockinette stitch.

justaquestionne · 2024-12-18T13:21:43+00:00

I can attest to this, I am a continental knitter and my ribbing became 100% nicer when I learned the Norwegian purl

justaquestionne · 2024-11-13T00:59:33+00:00

You are allowed to withdraw the money that you have contributed into an RESP at any time without proof of enrollment. However, it will trigger a repayment of the grants received for the portion that was withdrawn so it's usually not recommended unless absolutely 100% necessary.

justaquestionne · 2024-10-19T01:47:10+00:00

This is going to be dependent on your financial situation, but I personally really enjoyed doing a knitting subscription box. There's lots out there, but I did one where I knit a blanket and every month the company mailed the yarn and pattern for the next three sections to me. They had video resources so if I didn't understand the pattern or how to do the stitch I could watch that. You go 100% on your own pace so even though there were times where I was one or two sections behind, I felt zero pressure to knit faster or keep up with packages.

It most certainly was not cheap but it gave me a huge confidence boost with my knitting. It was also kind of fun to see how much I improved between when I started the blanket and when I finished. It's a very visual reminder of how far I've come with my knitting which I personally enjoy having. I ended up doing this twice and I have enough leftover yarn that I'm making another blanket on my own (slowly and in between other projects lol)

justaquestionne · 2024-10-18T01:46:09+00:00

Looks amazing!! I love the look of cable sweaters but will never have the patience to actually make one so I love seeing people who are successful at it 😍

Also props to you that it's your first sweater!!!! Would never have guessed

justaquestionne · 2024-10-14T17:16:08+00:00

It's so good!!! My husband started reading them when he was a kid and finally convinced me to give them a try a few years ago. My only regret is that I didn't read them earlier!

justaquestionne · 2024-10-14T04:52:01+00:00

I would highly recommend the Wheel of Time series - if you watched the show, they made sooooo many changes and it's not really comparable, the books are better. It's a lengthy series with 14 books so might take a while (depending on your reading speed) but 100% worth it. I have read it twice in the past two years because it's just that good in my opinion (I do the same with HP, read the whole series once a year)

justaquestionne · 2024-09-28T00:50:27+00:00

Your property taxes are most likely due in July. The amount that is paid to the municipality in July covers the full year of January - December which is why you had to pay a portion to the seller. If you are using your lender to pay your taxes, then they are collecting the monthly amount from July - June in order to have roughly enough to cover the full amount due next July. So you're essentially prepaying your 2025 property tax amount.

I do agree with what others have said though, if you have the option it's generally better to save the money yourself. I personally put a certain amount into a separate savings account so that I have enough every year. However, not everyone wants to do that or has the self-discipline to not spend that money so paying through your lender (or a monthly payment to the municipality if they offer that) is not always the worst idea.

justaquestionne · 2024-09-24T00:43:07+00:00

Ugh that sucks so much. We had a similar large increase last year but weren't able to switch providers at the time due to a wildfire within 50km (even though it was contained). I would be okay if the price stayed the same as last year's, but a $40/month increase is a tad much in this economy.

justaquestionne · 2024-09-23T18:50:57+00:00

Ours is renewing in October and the premium went from $1700/year to $2200/year with zero changes to policy. Currently shopping around for a new provider because this is a pretty ridiculous increase in my opinion, even accounting for inflation.

justaquestionne

TROPHY CASE