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elwoodblues
Elwood Blues
Premium
join:2006-08-30
Somewhere in
kudos:2
Reviews:
·VMedia
reply to EUS

Re: [Serious] Banking on your home resale price to retire?

said by EUS:

Thankfully we can renew every few years, else I wouldn't be @ 2.25% right now, I'd be stuck with my starting rate of 4.59%

You were probably lucky, most banks want interest differential payments now. the money they'd "lose" by allowing you to renew at a lower rate.

This 3 months interest business is pretty much gone.
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No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake.......


EUS
Kill cancer
Premium
join:2002-09-10
canada
Reviews:
·voip.ms
Alas, I have to renew this month, and because of house hunting I will have to choose an open mortgage so that I can exit without penalty, which translates to a 1% increase in rate.
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~ Project Hope ~