Do yourself a favor, if you are going to pick one item to hang your investors hat on, learn everything about that number that you can.

By the time you can do things with standard credit avenues, real estate will be old hat.

So my hat's off to you providers who are listening to customers and who are creating platforms that are robust, dynamic, and have great customer service.

Go to the next board meeting, hat in hand, and explain your honest mistake. 

You mention that hat you're in first position if something goes wrong, I would argue that, that is a bad thing.

I guess I had my maple leaf hat onOn residential mortgages up here, you are allowed to select your payment frequency (Monthly, semi-monthly, bi-weekly, weekly) at the time the loan is drawn - but may not be allowed to change it afterwards.The payment order is the same: accrued interest, then principal, but with more frequent reductions in principal, there will be less interest paid overall.Since there is no tax deduction for mortgage interest incurred on an owner occupied residence in Canada, there has traditionally been a great incentive to increase payment frequency and pay down more quickly.

Sounds like a good insurance policy is helpful but not something to hang your hat on3.  

All i know is my hat is off to you because you took action that some people are in fear of doing.

My luck is that the 2 hat are occupied are at $475, a $25 bump wont be too bad, might even go to $550.At $60k would YOU take the deal?

Hats off to @Cj Juan!