不明白为什么好多人都抢着还房贷，以mortgage free为荣

[uglyducking]

骗mortgage呀

the bank cares if you will have a down payment to close the deal and you have the ability to repay the loan. as long as you rent can cover the refinanced part of mortgage and new mortgage + other expenses, this is a good example of 100% financing of investment properties.

another way for 闲得慌's solution, he could refinance his house first to have the cash in his checking account, then show the cash balance to BMO. BMO would have his new mortgage approved.

 

[uglyducking]

抓住什么了？
我没有赌咒发誓签名盖章说我那钱是我自己的。

that money is yours, you saved them into your previous house as equity. you just take them out to make some investment.

 

[苦逼热狗]

the bank cares if you will have a down payment to close the deal and you have the ability to repay the loan. as long as you rent can cover the refinanced part of mortgage and new mortgage + other expenses, this is a good example of 100% financing of investment properties.

another way for 闲得慌's solution, he could refinance his house first to have the cash in his checking account, then show the cash balance to BMO. BMO would have his new mortgage approved.

我看他原文怎么觉得是他空手套白狼啊

我第一栋房的首付是从另一个银行借的。 当时不懂， 到BMO去贷款的时候，实话实说首付是借的，立马被拒了。 到第二家银行，就说首付是自己攒的，我是“被说谎”。

 

[闲得慌]

that money is yours, you saved them into your previous house as equity. you just take them out to make some investment.

你错了。那是我买第一栋的时候，当时我还没有“previous house”。

 

[闲得慌]

我看他原文怎么觉得是他空手套白狼啊

过了！

我那是冒风险的。 如果房价跌，我就负资产了，哪有什么白狼？

 

[苦逼热狗]

过了！

我那是冒风险的。 如果房价跌，我就负资产了，哪有什么白狼？

我是从资本家角度来看待你的

 

[uglyducking]

你错了。那是我买第一栋的时候，当时我还没有“previous house”。

misread. that can be counted as 2nd mortgage
or just personal line of credit.

someone had said, your credit is your money

 

[苦逼热狗]

misread. that can be counted as 2nd mortgage
or just personal line of credit.

someone had said, your credit is your money

my credit score is at about 840. does that mean I have 840 bucks to blow?

 

[闲得慌]

misread. that can be counted as 2nd mortgage
or just personal line of credit.

someone had said, your credit is your money

没错，是 personal line of credit.

2010年我买最后一套房的时候才知道，只有 secure personal line of credit 才能用来做首付。

 

[Riven]

my credit score is at about 840. does that mean I have 840 bucks to blow?

这个相当于CFC声望和CFC 币的关系。

 

[uglyducking]

my credit score is at about 840. does that mean I have 840 bucks to blow?

you can try to get a unsecured personal line of credit from your bank and ask them how high the limit you can go.

 

[URL]

lots of bank/credit union don't report mortgage accounts to credit bureau, BMO is an exception though.

for 闲得慌's case, the refinancing and new mortgage can be done at the same time(when the house was closing), so even the first bank report his refinancing to the credit bureau, the 2nd bank who gave his new mortgage won't have a chance to know that he was increasing his debt level from another bank

The absence of mortgage information on credit reports is quickly becoming history. Try to replicate this with any sizeable bank now, chances are the little lie will be exposed very soon.

It is totally legal to use the fund borrowed through refinancing of another property towards a down payment. However, any responsible bank serious about due diligence would review one's total debt load to determine if he's qualified for additional mortgage debt. If someone is not truthful/forthcoming about his resources of down payment, he could loss his credit and the title might be in danger.

In the case of a second mortgage, especially when a different lender is involved, significant equity in the first mortgage is a key consideration, as the new lender will hold second lien at foreclosure.

 

[TIFF]

被美国的状况吓的。

 

[GYGY]

难道快点还完房贷款就一定要日子紧巴巴 的苦哈哈的吗？我就向往既快还房贷又日子happy的生活，既能不耽误孩子和享受生活又能mortgage free。
咱移民相对失业压力大，而且好多过了３０岁才开始买房，过４奔５了孩子有的还小，想想一边大的孩子上大学要花钱，小的教育也要不少钱，一年年年龄也大了做hitech工作的压力太大，要是还有一大堆贷款，２人都上班还可以过个正常生活，万一有一个人失业了哪怕是暂时的，就死翘翘了。
有的人还有老人要孝敬啥的，不都是钱吗。
我们当地人同事的确也有好多年才还完贷款的，可人家有cottage，有船，每星期dining out，稍微一点重要的日子就买花，上spa，我们公司几百个人，我就没知道有谁有２，３ 套房子的，但光我们部门我知道的大概有一半人都有cottage，可能cottage也是投资，可人家的目的是为了享受生活，而不时想着投资回报什么的。
从一个正常工作收入的家庭来说，把２孩子养好了，该买的rrsp什么的都买好了，保障一定的生活质量了，能有多少钱剩下呢？
比mortgage利息高的投资渠道有多少？反正我家和我自己身边的人可能都是笨，没人能找 到这个投资方法，就是笨。

 

[uglyducking]

没错，是 personal line of credit.

2010年我买最后一套房的时候才知道，只有 secure personal line of credit 才能用来做首付。

你的银行失职，一般要求出示statement证明你有首付的。
不过不清楚PLOC要多久才出现在credit report上。