toronto central east: Mortgage pre-payment- How does it work? - 10/07/11 05:21 PM
TIP…..most mortgages have prepayment options and with a little planning a homeowner can use the prepayment to reduce their mortgage penalty when selling..
· An early payout penalty can be very costly (it’s the greater of a 3 month interest penalty or the Interest Rate Differential IRD); but there is a way to help our clients save money on this penalty.
· If porting or assumption aren’t options, the homeowner can save by ensuring they have a principal prepayment applied on closing day.
· Policies vary by lender but in most cases, the payout date and regular mortgage payment date must match.
· The lender … (0 comments)
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toronto central east: $567,000 Commercial Storefront Property for Sale in Revitalizing Corridor!! - 09/01/10 10:23 PM
This Neighborhood Needs You!! Be A Part of the Urban Revitalization!! -Parliament commercial corridor is set for significant changes -300+ new Condominium unit owners have moved into the area -200+ new Condominium owners will be moving into the area within a year -Galleries and alternative businesses opening in the neighborhood -Major retailers will anchor the Parliament corridor
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toronto central east: Five Final Scheme Unveiled for $75 million Competition for St Lawrence Market North Building! - 05/08/10 11:55 AM
St Lawrence market has always been one of my favorite places to get fresh, in season, organic produce.
Back in February 2010, five well-known architecture teams battled for winning design in the competition to rebuild the significant downtown landmark -$75 million new North Building of Historic St Lawrence Market.
The City expressed that the current one-storey design is under used, and proposed to rebuild a four -storey, sustainable and energy efficient mutli-purpose urban model. The competing designs can be seen at the competition site here.
The winning design will be announced on June 7!
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