Location: God's own country
Posted on: 28-04-06 16:46:04
The Canadian lending wing of massive U.S. conglomerate General Electric Co. has begun offering a 40-year amortization mortgage, designed it said to help combat rising home prices and allow easier entrance to the booming housing market.
Link is this : http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1146222071188&call_pageid=968332188492&col=968793972154&t=TS_Home
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TK-> Looks like this will help new comers to buy a house by offering low monthly payments. This is a good option for people who are almost on the border line to buy or not to buy a house on the reason of High monthly payments.
Negetive aspect : It will take 40 years to finish the mortgage the missionary / conservative way.
I invite CD houseowners/ future house owners to discuss the implications.
TK
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I am a Gents and not a Ladies.
u can take 40 year mortgage aur baad me accelerate payments jab paisa zyada hoing.
Lakin will have to study terms of yeh mort b4 giving more info. but if u can pay 15% extra every year then kyoon nahin- take and < 7 years mein bharo by guerilla smith manoev, providing ke markets aple saath giving.
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hinglish zindabad
Location: God's own country
Posted on: 30-04-06 19:18:21
680 news advertisement claimed that Northwood Mortgage allows Smith manouvre in its mortgage.
May be highly salaried and employed CD members can change to / get this mortgage so that they can write off the interest in the mortgage as our american friends.
Please look into their website and inform the CD board, if this is worth it.
TK
Sidenote : I am not affiliated to northwood mortgage
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I am a Gents and not a Ladies.
