Comments for The Mortgage Teacher - London, Ontario http://www.themortgageteacher.ca Mortgage Broker, Low Rates, Calculators, Credit and Refinancing Mon, 26 Apr 2010 00:44:40 -0700 hourly 1 http://wordpress.org/?v=3.0.1 Comment on Are Fixed Rates going up?…. March 8th, 2010 by admin http://www.themortgageteacher.ca/teachers-notes/are-fixed-rates-going-up-march-8th-2010/#comment-238 admin Mon, 26 Apr 2010 00:44:40 +0000 http://www.themortgageteacher.ca/?p=467#comment-238 Yes it may be, but the best way to take advantage of the LOW rate variable is to SET your payment at the rate of 5% to 5.5% ... that way you are far and above any increases in the next few years, and in the meantime you could pay $20,000 to $30,000 off in principle Yes it may be, but the best way to take advantage of the LOW rate variable is to SET your payment at the rate of 5% to 5.5% … that way you are far and above any increases in the next few years, and in the meantime you could pay $20,000 to $30,000 off in principle

]]> Comment on Are Fixed Rates going up?…. March 8th, 2010 by shan http://www.themortgageteacher.ca/teachers-notes/are-fixed-rates-going-up-march-8th-2010/#comment-237 shan Tue, 30 Mar 2010 23:10:17 +0000 http://www.themortgageteacher.ca/?p=467#comment-237 is it a good idea to stay with a variable at this time? is it a good idea to stay with a variable at this time?

]]> Comment on What is HST ?… and how will it affect me ? by admin http://www.themortgageteacher.ca/teachers-notes/what-is-hst/#comment-232 admin Wed, 10 Mar 2010 01:20:12 +0000 http://www.themortgageteacher.ca/?p=452#comment-232 <p>Great point John, happy to see some of the solutions, there seems to be so many opinions on this.</p> <p>so thank you so much for giving us a ppositive example right here in our backyard.</p> <p> </p> <p>Thanks John.</p> Great point John, happy to see some of the solutions, there seems to be so many opinions on this.

so thank you so much for giving us a ppositive example right here in our backyard.

 

Thanks John.

]]> Comment on What is HST ?… and how will it affect me ? by John Dunbar http://www.themortgageteacher.ca/teachers-notes/what-is-hst/#comment-231 John Dunbar Tue, 09 Mar 2010 22:37:35 +0000 http://www.themortgageteacher.ca/?p=452#comment-231 Mike:    I think there might be a little more to the story. The builder I represent has included an addendum into the offer form wherein the HST rebate, like the GST, will be assigned back to the builder. this effectively eliminates any noticable price increase to the Buyer.    I suspect other local builders are working the program similarly and the Buyer should  experience the increased HST costs on his soft costs only - such as legal fees and  inspection costs etc.                                                                                  John Dunbar,                                                                                  Broker,   Suttton Group - Preferred Realty. Mike:
   I think there might be a little more to the story. The builder I represent has included an addendum into the offer form wherein the HST rebate, like the GST, will be assigned back to the builder. this effectively eliminates any noticable price increase to the Buyer.
   I suspect other local builders are working the program similarly and the Buyer should  experience the increased HST costs on his soft costs only – such as legal fees and  inspection costs etc.
                                                                                 John Dunbar,
                                                                                 Broker,   Suttton Group – Preferred Realty.

]]> Comment on What is HST ?… and how will it affect me ? by admin http://www.themortgageteacher.ca/teachers-notes/what-is-hst/#comment-230 admin Thu, 25 Feb 2010 20:09:05 +0000 http://www.themortgageteacher.ca/?p=452#comment-230 <p>Hey all !.... I would REALLY like to get some Feedback on this one, so please fee free to COMMENT.</p> Hey all !…. I would REALLY like to get some Feedback on this one, so please fee free to COMMENT.

]]> Comment on A reminder on the idea of making our mortgage tax deductible by admin http://www.themortgageteacher.ca/teachers-notes/a-reminder-on-the-idea-of-making-our-mortgage-tax-deductible/#comment-153 admin Sat, 20 Feb 2010 16:02:01 +0000 http://www.themortgageteacher.ca/?p=191#comment-153 <p>Thanks All..... i'll try to apply more blogs...watch for my video blogs coming soon.</p> Thanks All….. i'll try to apply more blogs…watch for my video blogs coming soon.

]]> Comment on Due to our debt, Canada makes another change to our Mortgage Guidelines….Effective April 19th 2010 by admin http://www.themortgageteacher.ca/teachers-notes/due-to-our-debt-canada-makes-another-change-to-our-mortgage-guidelines-effective-april-19th-2010/#comment-225 admin Fri, 19 Feb 2010 20:55:13 +0000 http://www.themortgageteacher.ca/?p=439#comment-225 <p>oh... and yes, Prusty is fitting in just fine...LOL</p> oh… and yes, Prusty is fitting in just fine…LOL

]]> Comment on Due to our debt, Canada makes another change to our Mortgage Guidelines….Effective April 19th 2010 by admin http://www.themortgageteacher.ca/teachers-notes/due-to-our-debt-canada-makes-another-change-to-our-mortgage-guidelines-effective-april-19th-2010/#comment-224 admin Fri, 19 Feb 2010 20:54:22 +0000 http://www.themortgageteacher.ca/?p=439#comment-224 <p>hey Doug, thanks for the reply..... What typically happens is, all deal SUBMITTED after April 19th will be set with tthe new rules, not closing..... The one thing the Lenders are wondering is... when using a 5 year fixed to qualify for the variable, will it be a discounted 5 year, or the 5 year posted...???... we'll see?</p> hey Doug, thanks for the reply….. What typically happens is, all deal SUBMITTED after April 19th will be set with tthe new rules, not closing….. The one thing the Lenders are wondering is… when using a 5 year fixed to qualify for the variable, will it be a discounted 5 year, or the 5 year posted…???… we'll see?

]]> Comment on Due to our debt, Canada makes another change to our Mortgage Guidelines….Effective April 19th 2010 by Doug Crockett http://www.themortgageteacher.ca/teachers-notes/due-to-our-debt-canada-makes-another-change-to-our-mortgage-guidelines-effective-april-19th-2010/#comment-223 Doug Crockett Fri, 19 Feb 2010 20:05:55 +0000 http://www.themortgageteacher.ca/?p=439#comment-223 Mike, Does the April deadline apply to loans advanced or committed? (I trust Prusty is adjusting to the Big Apple?) Mike, Does the April deadline apply to loans advanced or committed?
(I trust Prusty is adjusting to the Big Apple?)

]]> Comment on London’s HOTTEST Hockey Contest, and the WINNER is…. by admin http://www.themortgageteacher.ca/teachers-notes/and-the-winner-is/#comment-217 admin Thu, 04 Feb 2010 17:53:35 +0000 http://www.themortgageteacher.ca/?p=424#comment-217 <p>can you click on the photo above to show you my LIVE Draw on YouTube?...if not here's the link: </p> <p>http://www.youtube.com/watch?v=PTCa2S72s7A.</p> can you click on the photo above to show you my LIVE Draw on YouTube?…if not here's the link:

http://www.youtube.com/watch?v=PTCa2S72s7A.

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