Quote:
Originally Posted by Gerbs
Was going to buy a place in the boonies but then realized I should probably refi away from Scotia next year before I do that otherwise I'll get destroyed by the 6% rates they have.
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That's ironic. Scotia offered me 5.29%, 5 year fixed, 30 year amort on $680K. I feel like refi to new lender is high key a pain but EQ Bank ain't doing much to keep my business. Their most attractive offer is 5.99%, 3 year fixed, 24 year amort with a $3.4K renewal few (wtf).
I was looking at KEB (Korea) with a broker, 4.8%, 3 year fixed, 25 year amort on $710K. But we ended up not qualifying due to the (all) bank's ass backwards way of combating efficient tax planning within a corporation. In this instance, they don't accept dividend income from retained earnings as part of qualifying income. Which imo is bs, cause as a business owner why would I take on more tax liability when I don't have to.