As far as I remember I am also paying the premiums for the Private Mortgage Insurance (PMI) but how long would it continue as now my loan balance would have reduced after paying 24 installments.

Most margins are pretty low on fix and resale and a delay of 6 – 8 weeks could significantly reduce ROI – especially in a market like we see today.How much will I lose if it the eviction runs it's full course?

What if you were able to have the loan balance reduced to $190,000 and the loan extended out to 40 years?

Often the seller makes some repairs, gives you a repair credit, or reduces the price.So, don't make an offer you don't expect to close.I know you're in Canada, so things may be a little different than in the US.

That’s why VISA charges as much as 18% to 24%: Collecting high interest from some customers reduces its losses when other customers don’t repay their loans.)Reason #4: Mortgage interest is tax-deductible.Not only are mortgage loans low in cost, the interest you pay is tax-deductible.

IF you do it right, and barring any medical bills!

It is not customary for a borrower to get credit from a lender, especially thousands of dollars in credit since the money received in credit would be better spent reducing the interest rate.

I had $47k of student loan debt from a pretty worthless MBA, $13k credit card debt due to car repairs, medical expenses from a car wreck, basically my life was a mess.

The only collections you might choose to ignore are for medical procedures and maybe student loans.

Vacation property deductions are reduced according to the percentage of time the unit is available for rental versus time allocated for personal use.