Just how big a mortgage can people carry? - Ontario Agriculture2024-03-28T20:50:21Zhttps://ontag.farms.com/forum/topics/just-how-big-a-mortgage-can?commentId=3646443%3AComment%3A2924&feed=yes&xn_auth=noThanks Rob....and here I have…tag:ontag.farms.com,2010-01-05:3646443:Comment:29242010-01-05T16:27:16.000ZSteve Twynstrahttps://ontag.farms.com/profile/Steve
Thanks Rob....and here I have been making up my own worksheets in Excel all these years....with less detail.
Thanks Rob....and here I have been making up my own worksheets in Excel all these years....with less detail. If you are looking for a loan…tag:ontag.farms.com,2010-01-05:3646443:Comment:29202010-01-05T14:17:20.000ZRob Gamblehttps://ontag.farms.com/profile/RobGamble
If you are looking for a loan calculator you can find one on the OMAFRA web site at <a href="http://www.omafra.gov.on.ca/english/busdev/download/calc_omafloan.htm" target="_blank">http://www.omafra.gov.on.ca/english/busdev/download/calc_omafloan.htm</a>. It can calculate a whole range of options. I have also attached it to this post.
If you are looking for a loan calculator you can find one on the OMAFRA web site at <a href="http://www.omafra.gov.on.ca/english/busdev/download/calc_omafloan.htm" target="_blank">http://www.omafra.gov.on.ca/english/busdev/download/calc_omafloan.htm</a>. It can calculate a whole range of options. I have also attached it to this post. It is time to start looking a…tag:ontag.farms.com,2009-12-30:3646443:Comment:28872009-12-30T18:02:15.000Zrein minnemahttps://ontag.farms.com/profile/reinminnema
It is time to start looking at longterm fixed rates, you do pay a premium but there is more room for the rates to go up than down.<br />
See it as a insurance policy/ protection for stability<br />
<br />
<cite>Wayne Black said:</cite><blockquote cite="http://ontag.farms.com/forum/topics/just-how-big-a-mortgage-can?page=1&commentId=3646443%3AComment%3A2883&x=1#3646443Comment2880"><div>Dale, I found that FCC was very accomodating (once I got talking with the right person. It took a bit of persuading to…</div>
</blockquote>
It is time to start looking at longterm fixed rates, you do pay a premium but there is more room for the rates to go up than down.<br />
See it as a insurance policy/ protection for stability<br />
<br />
<cite>Wayne Black said:</cite><blockquote cite="http://ontag.farms.com/forum/topics/just-how-big-a-mortgage-can?page=1&commentId=3646443%3AComment%3A2883&x=1#3646443Comment2880"><div>Dale, I found that FCC was very accomodating (once I got talking with the right person. It took a bit of persuading to get the person to look into my account to see what the fees would be andwhat the resulting rates would be.<br/> At the end of the day we re-financed most of our fixed rate loans and we are saving money even after paying the fees.<br/>
This occured in February of this year.<br/><br/><cite>Dale Ketcheson said:</cite><blockquote><div>On a slight tangent, what lenders seem to be the most receptive to consolidating/refinancing farm loans at these lower interest rates? Anybody had any particularly pleasant experiences?</div>
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</blockquote> Thanks guys.tag:ontag.farms.com,2009-12-29:3646443:Comment:28832009-12-29T02:12:44.000ZDale Ketchesonhttps://ontag.farms.com/profile/DaleKetcheson
Thanks guys.
Thanks guys. Dale, I found that FCC was ve…tag:ontag.farms.com,2009-12-29:3646443:Comment:28802009-12-29T01:09:00.000ZWayne Blackhttps://ontag.farms.com/profile/WayneKBlack
Dale, I found that FCC was very accomodating (once I got talking with the right person. It took a bit of persuading to get the person to look into my account to see what the fees would be andwhat the resulting rates would be.<br />
At the end of the day we re-financed most of our fixed rate loans and we are saving money even after paying the fees.<br />
This occured in February of this year.<br></br><br></br><cite>Dale Ketcheson said:</cite><blockquote><div>On a slight tangent, what lenders seem to be the most…</div>
</blockquote>
Dale, I found that FCC was very accomodating (once I got talking with the right person. It took a bit of persuading to get the person to look into my account to see what the fees would be andwhat the resulting rates would be.<br />
At the end of the day we re-financed most of our fixed rate loans and we are saving money even after paying the fees.<br />
This occured in February of this year.<br/><br/><cite>Dale Ketcheson said:</cite><blockquote><div>On a slight tangent, what lenders seem to be the most receptive to consolidating/refinancing farm loans at these lower interest rates? Anybody had any particularly pleasant experiences?</div>
</blockquote> Dale, I've found both FCC and…tag:ontag.farms.com,2009-12-28:3646443:Comment:28782009-12-28T17:31:23.000ZJohn Schwartzentruberhttps://ontag.farms.com/profile/burnt
Dale, I've found both FCC and BMO to be first rate for our needs. Very flexible and accommodating.<br />
<br />
On the topic of interest rates, 20%+ didn't last that long, but long enough to kill a lot of us. And we thought it was bad.<br />
<br />
Well, 3% - 5% interest rates will end up killing off more people than 20% did because as nice as it seems to have low interest, it will get a lot of people way too far into debt. And when the rates inevitably go back up to more normal levels . . .<br />
<br />
Low interest rates are…
Dale, I've found both FCC and BMO to be first rate for our needs. Very flexible and accommodating.<br />
<br />
On the topic of interest rates, 20%+ didn't last that long, but long enough to kill a lot of us. And we thought it was bad.<br />
<br />
Well, 3% - 5% interest rates will end up killing off more people than 20% did because as nice as it seems to have low interest, it will get a lot of people way too far into debt. And when the rates inevitably go back up to more normal levels . . .<br />
<br />
Low interest rates are likely the only thing that have staved off bankruptcy for a lot of beef and pork producers. On a slight tangent, what len…tag:ontag.farms.com,2009-12-26:3646443:Comment:28682009-12-26T01:04:15.000ZDale Ketchesonhttps://ontag.farms.com/profile/DaleKetcheson
On a slight tangent, what lenders seem to be the most receptive to consolidating/refinancing farm loans at these lower interest rates? Anybody had any particularly pleasant experiences?
On a slight tangent, what lenders seem to be the most receptive to consolidating/refinancing farm loans at these lower interest rates? Anybody had any particularly pleasant experiences?