tag:blogger.com,1999:blog-2541846551315802129.post2571888818794548513..comments2023-05-02T09:04:53.315-04:00Comments on Early Retirement the Middle Way : MWhttp://www.blogger.com/profile/13421430633168170078noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2541846551315802129.post-29181653281316540042009-08-14T09:33:34.052-04:002009-08-14T09:33:34.052-04:00Thanks Miss M! No, most people I know are in fixed...Thanks Miss M! No, most people I know are in fixed rate mortgages because they can count on the payments staying the same.MWhttps://www.blogger.com/profile/13421430633168170078noreply@blogger.comtag:blogger.com,1999:blog-2541846551315802129.post-72098992760875762102009-08-14T00:27:14.641-04:002009-08-14T00:27:14.641-04:00Are all canadian mortgages fully adjustable? I see...Are all canadian mortgages fully adjustable? I seem to remember mortgages in europe are like that, there is no such thing as a fixed rate. I'm envious of how far you've come with paying down that balance!Miss Mhttps://www.blogger.com/profile/15926161058644761041noreply@blogger.comtag:blogger.com,1999:blog-2541846551315802129.post-22153771140012992792009-08-13T08:04:00.241-04:002009-08-13T08:04:00.241-04:00You'r welcome. And yes they are. We have to ...You'r welcome. And yes they are. We have to achieve that yearly to get our result. Our rate started at 4.5% 2 years ago. <br /><br />Part of my worry is that it will go up again. If it does, my fixed monthly payments will skyrocket. They will not allow you to decrease once you increase. <br /><br />The only type of mortgage we have that would allow unlimited payments are what we call Open mortgages, for people who are expecting a lump amount of money like from a sale of a house and you can pay the entire amount off at any time without penalty. <br /><br />The rates are usually much higher as they need to get their money from you. We had one of those for a month or so for the cottage as I was in the midst of selling my condo and once it was sold, I paid it off.MWhttps://www.blogger.com/profile/13421430633168170078noreply@blogger.comtag:blogger.com,1999:blog-2541846551315802129.post-27853217158058206782009-08-12T19:31:10.530-04:002009-08-12T19:31:10.530-04:00Thanks for the answer. Your rates are ridiculousl...Thanks for the answer. Your rates are ridiculously low compared to the US. I am assuming that's why your mortgage has a maximum allowed prepayment amount. Is that per year?The Executionerhttps://www.blogger.com/profile/04419763605714282331noreply@blogger.com