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  1. Real Estate
    Hi CMF Long time reader but I seldom post. I have finally found my dream property, made an offer, and it was accepted! I still need to waive a few conditions to close,( septic test, wett certification, inspection…. Nothing unusual). I am very excited and hope inspections go fine. my question...
  2. General Personal Finance Talk
    Q: Can a mortgage be held in a TFSA? If so, would it not be possible to make payments without withdrawing money from the TFSA?
  3. Real Estate
    Hello! I'm wondering if anyone here would be able to create a detailed mortgage amortization table for me? The table would need to show each date of payment, compound interest being charged, a breakdown of the portion of each payment that goes towards the principal and interest, etc. I'm happy...
  4. Investing
    Hi all -- I want to start by saying I love this forum and I love the impartial advice that its members offer. In a nutshell, I sold a rental property and did quite well. I'm wondering if I should invest the proceeds or pay off our primary mortgage (or a combination of both). Here are my...
  5. General Personal Finance Talk
    I need to ensure that someone doesn't put me down as a co-signer to a mortgage. Is there any way i can prevent this? Someone i know has all my personal details, including SIN #, driver licence information, workplace details etc. If it has already happened, would i be able to find out via...
  6. General Personal Finance Talk
    I am hoping someone can provide a little clarity as we have been having contradictory information given by different mortgage specialists. My partner and I have been pre-approved for a mortgage, we are bidding on a condo tomorrow (Ontario), but I am starting a new job Dec 14, 2020. Problem is...
  7. General Personal Finance Talk
    I'm having a hard time figuring out the following situation I sold my house for 312000. I have a mortgage of 145000. I think I can transfer my mortgage to the new property I just bought. The new property cost is 125,000. So I have 2 options 1) take the existing mortgage and transfer it to...
  8. General Personal Finance Talk
    I'm having a hard time figuring out the following situation I sold my house for 312000. I have a mortgage of 145000. I think I can transfer my mortgage to the new property I just bought. The new property cost is 125,000. So I have 2 options 1) take the existing mortgage and transfer it to the...
  9. Investing
    I currently have just over $10,000 in a really really low interest TFSA and $30,000 in my chequings account that I would like to put somewhere so that it is at least gaining something.I'm currently about to remortgage my current home and am weighing the options of either saving for a second home...
  10. Real Estate
    We currently have a 2 bedroom condo in Toronto. Ideally, we would like to keep our condo as we purchase a home for our growing family. Our current condo mortgages, fees, and property taxes would be covered by renting it. What are some good resources when considering on getting a second home...
  11. Real Estate
    We're planning on buying a new house. It's in Calgary, price is around $520,000. Will be putting $250,000 for a down payment. We also have our current home in a smaller city that we would be selling. It’s all paid off. I’m hoping to get $180,000 for it. It may be a tough sell, because it's a 2...
  12. Real Estate
    Hi all -- We recently expanded our family and moved away from Vancouver (we couldn't afford a house in Vancouver so we bought a house in the Interior of BC and relocated). We kept our 2-bedroom townhouse in Vancouver as a rental property. We now have a good amount of equity in the rental...
  13. Real Estate
    Hi folks. I have two years on my current home mortgage to reach its 5-year term. It is RBC Homeline Plan with Variable rate. When I signed my mortgage in Jan 2016, the rate was 2.3. Now it is 3.75!! Today, RBC offered me to switch to 5 years Fixed rate of 3.74...... It increases my monthly...
  14. General Personal Finance Talk
    Let see if someone could understand my plight and come forward. I foreclosed on a house that had a first mortgage. I heard that I have an option that I could find a second mortgage also I would like to make this as a joint mortgage by including my wife into this. Note, she already has a...
  15. General Personal Finance Talk
    My fixed mortgage at 2.69% is up April 2020 where lump sum payments dont affect current interest payments. I have 15k sitting in my chequings account and 8k in a cheesy lowest interest ever TFSA. I have seen GIC ads for 3% interest for a one year term and am curious if I would be better off...
  16. General Personal Finance Talk
    Hello! My husband and I just got married less than 3 weeks ago. We received several cash gifts from guests at the wedding. We also went on a 2-week long honeymoon (rather expensive to Scotland and Ireland - wanted to get it done and meet family there before having kids!). We are now at the...
  17. Real Estate
    I need help with mortgage options. My fiancé has TERRIBLE credit, like the worst it can be from old collections agencies, and he’s never had a credit card. He is the sole money maker as we just had a baby..I have amazing credit (850) but no income. He is getting a large inheritance (50000)...
  18. Real Estate
    Hi all, Looking for some advice. Say for example a home we were looking at was $500k, 20% would be $100k. Assuming we have no debt, can afford the 20% down, should we do it? I recently read that you can get lower rates if you have an insured mortgage???, by paying less than 20% down, you pay...
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