Walk a Kb or Two in my Moccasins- Nobody 'splained it to me like that!

Simple answers to Complex Questions and Complex Answers to Simple Questions. In real life, I'm a Greater-Toronto (Canada) Realtor with RE/MAX Hallmark Realty Ltd, Brokerage. I first joined RE/MAX in 1983 and was first Registered to Trade in Real Estate in Ontario in 1974. Formerly known as "Two-Finger Ramblings of a Forensic Acuitant turned Community Synthesizer"

My Photo
Name:

- Realtor (2nd or 3rd best you'll likely run into)
- Philosopher King of Real Estate Business in Ontario (self-assessed)
- Likes Public Policy & Governance Discussions
- Likes discussion on being an "Attestant" and First-Century Ecclesias(aka 'primitive congregations)

Sunday, September 12, 2010

Should you go with a short or long-term mortgage?

Q.......Should you go with a short or long-term mortgage?

from Zoocasa ASK the PROs


A.....Robert Ede




Sept 12/2010

Rates are very close to the all-time low and will be low for 6-12 months before creeping up very slowly

NB Bank Prime s/be 4%+ CPI inflation





Take a variable prime less 0.5% to 0.9%



Take a 25 yr ammortization but make payment equal to what you would have been paying on a 5yr fixed.



You'll be amazed in 3yrs when you see how far ahead you'll be in principal repayments

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

Politics Blog Top Sites