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Wallace Said:

buying a property in Ontario, Canada on mortgage. need info regarding interest rate stuff.?

We Answered:

Interest rates are competitive and you can find the posted rates at any of the banks' website. This website is for a mortgage broker in Ontario that places private mortgages, usually for less than you can get at a bank. http://www.omac-mortgages.com

Property taxes vary between municipalities. You should contact the municipal office where the property is located and ask them what the taxes were last year.

Frances Said:

What is variable fixed mortgage?

We Answered:

forget it. . . . .
rates are at historic lows
get a fixed rate loan. . . . .nothing variable

Lydia Said:

8 years of Republican-omics:mortgage rate what?DUBYA's golf pals doin' fine!?

We Answered:

Let's imagine you run a manufacturing business. The cost of your raw materials goes up drastically, the cost of transportation for your output goes up, and your energy bills go up. Your profit margin usually runs around 10% of your gross receipts. Given the higher cost of doing business you:

1) Eat all the increases, cutting your profit margin down to almost nothing, or even lose money.

or 2) Increase your prices, keeping your margins at the same levels, thereby actually raising the actual net profit slightly.

If you said 1, you won't be in business long.

Valerie Said:

Google gadgets HTML question?

We Answered:

stick each gadget in its own div and position it with CSS. Alternately you could create a table with two cells and put a gadget in each cell.

Arlene Said:

Should I stop paying my mortgage so the gov't can lower my interest rate?

We Answered:

If that is the case, we will be rewarding irresponsibility. Kind of sick. My mortgage company called me two weeks ago and thanked me for keeping up my payments. Hell yes I am 10 years ahead!

Julio Said:

If a low rate is good enough for Franks and Dodd why not the other people with mortgages?

We Answered:

Actually some mortgage companies are doing just that.

The problem is that many people simply cannot afford the house they bought. When those interest only loans are converted to fixed rate mortgages, the payments are more than they can afford -- even with interest rates in the 5% or 6% range and 40 or 50 year mortgages.

There's also the problem of the house value being so much less than the mortgage. It's one thing to be $20K to $50K upside down but quite something else if your mortgage is $250K more than the current value.

Stacy Said:

why should we continue to pay our mortgage loans?

We Answered:

Check out this website they have a lot of programs for foreclosure and how to get your home free and clear. I'm doing the do it yourself program, i'll let you know in a month or so how it goes.