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Quote from: Lazybones on July 26, 2020, 07:49:01 PM
Quote from: Tom on July 25, 2020, 08:39:16 AMIn other news We're looking at buying a house. With my current contract it should be possible for us to get a decent mortgage. woo. Past years income isn't too terrible either. Not counting the almost entire year I had off (which was about 29k ish?) a few years ago, my lowest year was 42k ish? We REALLY need another bathroom and bedroom. I mean I don't actually know for sure yet if we will for sure qualify right now, but It looks promising. My Accountant and I have almost finished getting my taxes done (both personal and corporate taxes). Once I've got the forms I'll be forwarding them to the mortgage broker. Fun.

In addition to home prices being down in Alberta, interest rates are also historically low.

Make sure you research your mortage very well, there are some huge differences in rates offered and you also need to be careful of the terms such as your how your payment frequency influence interest, if you are allowed to pay it off at any time or if there are limits and if you can't make a payment in the future what are the grace options. You will want to chose something that matches your risk tolerance.

Yeah, thanks for the reminder. When I get back some options, I'll do my best to research it all. I know a bit already, but nothing super in depth.

Lobby / Re: BORED

Last post by Lazybones - July 26, 2020, 07:49:01 PM

Quote from: Tom on July 25, 2020, 08:39:16 AMIn other news We're looking at buying a house. With my current contract it should be possible for us to get a decent mortgage. woo. Past years income isn't too terrible either. Not counting the almost entire year I had off (which was about 29k ish?) a few years ago, my lowest year was 42k ish? We REALLY need another bathroom and bedroom. I mean I don't actually know for sure yet if we will for sure qualify right now, but It looks promising. My Accountant and I have almost finished getting my taxes done (both personal and corporate taxes). Once I've got the forms I'll be forwarding them to the mortgage broker. Fun.

In addition to home prices being down in Alberta, interest rates are also historically low.

Make sure you research your mortage very well, there are some huge differences in rates offered and you also need to be careful of the terms such as your how your payment frequency influence interest, if you are allowed to pay it off at any time or if there are limits and if you can't make a payment in the future what are the grace options. You will want to chose something that matches your risk tolerance.

Lobby / Re: BORED

Last post by Melbosa - July 26, 2020, 05:48:11 PM

Banks are assessing at 75% LTV atm... my house that is $410K, TD Assesses at $307k and the city assesses at $340K. Like @Tom I am doing my mortgage stuff right now as mine matures in August. I have an appraiser coming on Wednesday to see if I can get a higher appraisal for going with RMG rather than a traditional bank again.

Lobby / Re: BORED

Last post by Tom - July 26, 2020, 07:44:16 AM

Quote from: Mr. Analog on July 25, 2020, 10:17:45 AMWow! You're doing a lot!!

I've been too depressed to really do anything outside of work except watch livestreams and sleep, it's really getting me down. I find myself with a lot of free time working a four day week and I just throw away the time doing nothing. I wish I could get my motivation back

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I totally know how that is. It BLOWS. The only advice I've found that works is "just do it". That also sucks and/or blows. Its something I know you already know. It's something I know, and still struggle with. SUCKS hard.

I'm really not doing that much, but i do technically have more hours a week for work. but lately nothing super time sensitive or intensive in any way, except my side project which keeps me from getting too bored. Work has been letting me work on it during work, so there's that. I get paid for it. woo.

Otherwise, I do a lot of vidja watching and factorio.

Quote from: Thorin on July 25, 2020, 08:58:21 PMTom:

Now's a really good time to get into a first home - house prices cratered over the last ten months and mortgage rates are set historic lows. Do you have the down payment saved up now? That was the hardest part for me.

Yeah one of the reasons we want to move quick is the "time is right". Only main problem has been my financial past and our current reality wrt savings (we've only got about 12k cash atm). We will figure something out I'm sure.

Quote from: Thorin on July 25, 2020, 08:58:21 PMMy house dropped from bank-assessed value of $400,000 in Feb 2016 to $340,000 in Feb 2020. This past month, the neighbour across the street put their house up for sale at $317,000, and it's comparable (and probably in better shape than my house). Kinda scary that he didn't ask for at least $340,000, makes me wonder if mine is still over-valued.

Lobby / Re: BORED

Last post by Melbosa - July 26, 2020, 01:42:08 AM

Quote from: Mr. Analog on July 24, 2020, 12:56:47 PM
Quote from: Melbosa on July 24, 2020, 12:14:13 AMSux... wish I had time to breath. Virtual Fraga is taking a lot more prep than actual Fraga
Oh yeah? What kind of stuff are you up to?

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Streaming... rehearsals....

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