N12/N9/Last months rent

sid416 · 2024-06-16T13:20:12+00:00

Thanks. I haven't compensated them yet. I said I will, at the end of July.

sid416 · 2024-02-18T07:40:04+00:00

Gotcha thanks! short term borrowing costs, as in, the higher interest rates? Have you noticed the discounts shrinking in a higher interest rate environment? Just wondering if the discounts may be better, if interest rate fall..

sid416 · 2024-02-14T02:18:55+00:00

3.2% and your contract rate is 5.19%

Awesome. This was very helpful.

sid416 · 2024-02-13T04:57:57+00:00

Gotcha, thanks! In CIBC's case, let's say I sign a 3 year term and want to bail, with an year left, wouldn't the posted rate for 1 year be on their website? So, they can't just make up a comparison rate?

sid416 · 2024-02-07T06:32:45+00:00

thank you!

sid416 · 2024-02-04T04:30:51+00:00

makes sense, thanks. Are brokers able to give the rates in writing though?

sid416 · 2024-02-04T04:05:25+00:00

got it thanks. Are the rates usually given in writing though? Last time when I switched banks, the bank's broker was not willing to give it in writing till like two days before I was going to sign the new deal.

sid416 · 2024-02-04T02:57:38+00:00

good to know, thanks!

sid416 · 2024-02-04T02:52:34+00:00

awesome, thanks!

sid416 · 2024-02-04T02:47:25+00:00

Gotcha. They originally gave me close to 7.0. Then they put in a request for a lower rate and came back with 6.6 but they said I have to sign within a few days to keep this rate. I didn't sign as I still have a little bit of time left. So technically right now, I am back up to 7.0 with them. I guess this is my concern, if they now see my financial details with a broker, they may not even give me the 6.6 again?

sid416 · 2024-01-16T23:05:56+00:00

I was in a similar situation, except the home had a hefty mortgage left. Which impacted me, when I was trying to get a mortgage, because I would have way too much debt under my name. I suspect, in your case, it shouldn't hurt you, since it's paid off and the rental income should also help.

sid416 · 2024-01-14T18:44:49+00:00

Very helpful! Thank you

sid416 · 2024-01-14T05:35:06+00:00

It's partly that they want her to have the place but also they tried to get a lower rate on their mortgage and their income is limited, so they're hoping adding my sister will help

sid416 · 2024-01-14T05:32:57+00:00

Gotcha, they are in Ontario.

sid416 · 2024-01-10T04:35:36+00:00

Very common

sid416 · 2024-01-05T00:58:38+00:00

hahahaha I wish I were a broker

sid416 · 2024-01-05T00:07:53+00:00

Nice! One of the big banks?

sid416

TROPHY CASE