Post whatever is on your mind!!

[newbiestangowner]

Well what did I expect
Bunch of TMC members discussing money WE don’t have




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[92redragtop]

We have appointment set to discuss that because we still are carrying some start up costs personally that my accountant says we should be in far enough that we can get the business start to carry more of it.

We have been putting extra into the highest interest one and by this time next year it will be gone so then everything we were putting on that will go onto the next one on top of the payment currently being paid. Then the. Ext one after that. Once the ball gets rolling it snowballs pretty quick

Can you combine both into one at the lower rate then you take the money you were paying to the higher one and put that into a TFSA bi-weekly/monthly, then withdraw and make a lump-sum annually which goes straight to principal on the combined? Most conventional mortgages at the banks allow you to pay a lump sum periodically (RBC/BMO are annually on the anniversary date) up to a specified percentage (eg. 20%). You get the benefit of lower interest and a faster combined paydown - also leave the HELOC/LOC at zero after the balance is moved to the mortgage. Only suggesting this as I think you said the balance on the LOC/HELOC was for property improvement versus consumer spending - otherwise I wouldn't suggest it.

[newbiestangowner]

Common Richard

All people need to know is that I paid cash lol

They don’t need to know I used my homeline lol and that I’ll actually pay off the car clear when I’m 80 yrs old


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[5.4MarkVIII]

Can you combine both into one at the lower rate then the the money you were paying to the higher one and put that into a TFSA then withdraw and make a lump-sum annually which goes straight to principal on the combined? Most conventional mortgages at the banks allow you to pay a lump sum periodically (RBC/BMO are annually on the anniversary date) up to a specified percentage (eg. 20%). You get the benefit of lower interest and a faster combined paydown - also leave the HELOC/LOC at zero after the balance is moved to the mortgage. Only suggesting this as I think the balance on the LOC/HELOC was for property improvement versus consumer spending otherwise I wouldn't suggest it.

My brain dosnt work good enough for this stuff sometimes. Can I just send it to you and you can do it all?

Lol jokes

[hammerhead]

Gerry u got me confused





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Sometimes i sound like that other french guy with a couple of foxbody - its a foxbody thing..lol

[Laffs]

Well this thread has brought up some workplace war memories and now I'm going 4 Banquets deep by dinner. Thanks all.

[hammerhead]

Hahahaha and a pair of eggs side by each

[Old Fart]

Quick question...will the wheels from a 96 fit a new edge?

[RedSN]

quick answer: yes

[Old Fart]

Quick thank you: Thanks!