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FadedBlue FadedBlue is offline

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  1. Tara Wilkins
    2009-11-06 10:22 PM
    Tara Wilkins
    Good evening FadedBlue,

    I saw your posting online regarding LOC or RRSP. I come from financial sales in the Mutual Fund industry.

    You are correct in thinking you have lost a lot in the last two years, and could profit 8-15% this year alone as the market bounces back.

    Your LOC will not work with the Banks, as you need to provide at least 5% of your downpayment from your own funds. However, there is an option for a cash back Mortgage option. If you received a gift from your parents, or relative, on the closing date you would receive a cash back in your bank account - which you could pay them back on the day you move in.

    If you have any further questions, let me know. It is a great time to lock in a rate for 120 days now! Rates are extremely attractive.

    Tara Wilkins
    Mortgage Specialist
    tara.wilkins@td.com

About Me

  • About FadedBlue
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    Ottawa/surrounding
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  • Last Activity: 2014-04-16 12:12 AM
  • Join Date: 2008-09-28

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