Woofcat to Canada · 2 years agoThe painful end of free money as real interest rates start to risewww.cbc.caexternal-linkmessage-square8fedilinkarrow-up115arrow-down11cross-posted to: torontorealestate
arrow-up114arrow-down1external-linkThe painful end of free money as real interest rates start to risewww.cbc.caWoofcat to Canada · 2 years agomessage-square8fedilinkcross-posted to: torontorealestate
minus-squareNovedlinkfedilinkarrow-up5·edit-22 years agoJust got to renew my mortgage! Wooooo. Lol, 5.25% for 5 years yeah! The only thing that ended up being great was we worked a line of credit in at 1% + prime.
minus-squareLockelinkfedilinkarrow-up4·2 years agoIm at 5.90 now. Fortunately my mortgage has only a little over $100k left. So it sucks, but not painful. Feel bad for people who overextended.
minus-squareNovedlinkfedilinkarrow-up2·2 years agoWe refinanced up to 174k but we are still on track to have our 30y amortization paid in 12 or less!
Just got to renew my mortgage! Wooooo. Lol, 5.25% for 5 years yeah! The only thing that ended up being great was we worked a line of credit in at 1% + prime.
Im at 5.90 now. Fortunately my mortgage has only a little over $100k left. So it sucks, but not painful. Feel bad for people who overextended.
We refinanced up to 174k but we are still on track to have our 30y amortization paid in 12 or less!