Between my wife and myself we make about $ 50,000 a year, we have 3 children and are currently renting a home. We feel we are throwing away our cash away renting. I was wondering whats the best route to take in getting a mortgage and what is the price range we would best be able to afford.
Mar 192012
Okay. Right now I have a 1130 mortgage payment (not including my property tax) at a 2% prime. I want to know what I would have to pay if I went for a 3 or 4% fixed. Im in canada and the prime will stay till mid june supposivly so Im looking to get fixed. [...]
I work in US, but my family is in Canada, and we bought house in Canada (no house in US). Wonder whether the mortgage interest paid in 2008 is tax deductible. Thanks. Sorry, I forgot to mention the question is about the deduction in US income tax return.
Seems in Canada as soon as one bank raises it’s interest rate for a 5 year mortgage then all the other major banks follow suit soon after. Why? Can a bank not raise it’s rate and get more business from people looking to get the best rate to purchase a home?
The Canada Mortgage and Housing Corporation wants to examine how much homeowners plan to spend on renovations in the next year. A simple random sample of 125 shoppers produces a mean of $ 750 with a standard deviation of $ 135. Based on the survey result, use alpha=.05 to provide a population mean estimate. Demonstrate [...]
Nov 302011
I just moved to Canada from Washington State. I haven’t been able to get my canadian driver’s license but I NEED insurance on a vehicle I just bought. Can I get auto insurance with my Washington license or do I need a canadian license?
Is there a way to get the government to pay a portion of your national student loan? Or anything you can apply for to reduce the amount owed?
(while working in the USA, we are paying mortgage payments in Canada) Thanks for the answers. Now how to get a MCC certificate from a non-US government. I hope the bank’s printed statement is okay… ?
We own a property in Florida that unfortunately does not make financial sense to try to keep. We will likely walk away from the house and default on the mortgage. What access will the mortgage company have to my assets here in Canada, and what are the possible repercussions? Thanks very much.
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