QUOTE (billf @ Mar 15 2009, 09:11 AM) If not, this is a great argument for the largest possible mortgage with the longest amortization possible. It actually discourages savings. BillF Well I guess if you take the longest mortgage and longest amort and use the extra cash flow to buy non...

QUOTE (billf @ Mar 15 2009, 09:11 AM) Great Post, I have one more scenerio to add to the pile if you could answer. Say you had a property with a 100,000 mortgage and after 5 years you paid down to 60,000. Could you not reborrow to the original 100,000 and use the money for whatever, and still...

QUOTE (RobMacdonaldCMT @ Mar 12 2009, 12:51 AM) It`s difficult to make a recommendation without seeing the whole picture. What you really need is a readvanceable mortgage. Scotiabank offers the STEP mortgage that allows you to have up to 3 mortgages and 3 LOC`s. As you pay down one, the...

Hi, this is a continuation of my previous thread but now that I have some answers I need some advice. Rental Mort 460K due Jan 09 (deductible intrest debt) CIBC Personal LOC 120K prime + 1% (non deductible intrest debt) TD HELOC 270K prime (deductible intrest debt) I would like to devote...

QUOTE (thomasbeyer2000 @ Mar 9 2009, 11:48 AM) You MUST separate the two as per CRA .. i.e. have a personal LOC and a business LOC !!! physically separate i.e. two different accounts !! Perfect, thank you. I thought would be the case...now it`s off to the bank to squeeze that Investment LOC...

This Q is more down a CA alley... I would like to pay down all my personal debt using cashflow from my investment property. In order to do this I will borrow to pay the mort/taxes/ins on the investment property while diverting all rental proceeds to personal debt reduction. 2 problems. It`s...

QUOTE (realfortin @ Mar 5 2009, 07:01 AM) In one of my tri-plexes, the appliances are appartment sized, brown-beige and really, REALLY unnatractive. Would you say that on re-rental that iappliance replacement one of my 1st priorities? You can get a fridge, stove, hood fan in nice, bright white...