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Toronto real estate - Neighbourhoods are our specialty
Interesting article about a guy who bought a house, just before the big crash, went into foreclosure – and then, somehow, ended up owning the house free and clear! This isn’t typical, of course, and was probably a fluke, but it’s still a good read!
http://jacksonville.com/business/2011-04-10/story/bank-gives-man-foreclosed-jacksonville-house-free#ixzz1J85Sn5WG
Sounds like the Big Banks are to.
Even the Bank of Canada can’t figure it out.
Here’s a quicky update:
Rate Uncertainty & Ben Tal’s Call
Choosing between a fixed or variable mortgage can seem like throwing darts with your eyes closed.
Borrowers today are seeing headlines like this:
Economists want BoC to keep raising interest rates
Then they turn the page [...]
There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider.
If you take a $1400.00 tax refund and apply it to a typical mortgage at 6% amortized [...]
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