Quote:
Originally Posted by JDMStyo
Correct. Once you got it - you just roll it over unless you're thinking of changing variable/fixed/terms, etc. Then it'd be a new application.
B Lenders and non-bank lending is amazing for retail investors. You have guys and conveyancers/lawyers doing $20-100K lending at 6-10%.
Second charge on title, even better rates.
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We could be looking at a new normal where even mortgage renewals are subjected to close scrutiny, all thanks to the gradual adoption of a new International Financial Accounting Standard called IFSR 9:
https://askross.ca/2018/03/more-bad-...als-in-canada/