In Ontario, if you discharge your mortgage before it matures, you pay a penalty. However, if you reapply for a new mortgage within 90 days from discharging, you receive a portion of that back. I believe it is called "porting" your mortgage.

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Hi all, can i have your advise please. i have a flat which i bought in november 06 which i spend no time in as i stay at boyfriends. my mortgage payment is £535.00/month on a repayment mortgage of approx 89k. i can get a three year no void deal which will service the interest but not all of the capital so would cost me approx £100.00 month. my mortgage company says i can keep current deal. i bought it for 100k and they are now selling for 120k but i would have to pay £1500.00 in redemption fees to mortage company on top on solicitors and estage agent fees. what does everyone think i should do, rent it out for a long term investment or sell and put money on deposit in bank. thanks

Rent it. I did the same. Pensions in the UK are up the spout, so it's part of my pension plan. Plus why pay redemption fees? If you are paying interest and capital on the current deal from your lenders keep that. Paying interest alone is never the best option. If it is worth more than you bought it for, it is likely to hold it's value; not as strange as it sounds. There was a news report last night that flats are not holding their own in the current UK market. Bear in mind too that it is your property, not your boyfriend's and you will always have something to fall back on if things (unfortunately) go belly up with him; sorry but got to think of all possibilities. A house (though it may never seem like it!) is an asset. If you have one, you can borrow against it. Keep your foot on the housing ladder girl, I don't need to tell you how hard it was for you to get on it in the first place!

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Ok i have a few bad things on my credit. i was 18 when it all started and i am now almost 25. i have a repo on my account that was 13000 and is now currently at 5500. but the last yr i have been tight on cash and havent paid anything on it so this past may it was closed and sent to a collections agency. theres now a potentially negitive closed on the repo account an im sure the collection agency is going to put up a report on it. i am making payments on it. can i have gmac remove there potentially neg close off the report since they sold it? also i have 3 credit cards on this report that 2 are paid off in full and one is still in collections. i have a capital one account thats says "current closed" balance of zero and thats the same for the discover card.. they have a gray check mark next to the names. date opend (4/1/02) what does "current closed" mean? is that a positive closed? i did pay them in full and the balance says nothing... not even a 0. but does say credit card- revolving terms.. if this is bad how do i fix this? is as old as 2002 and i wont have any type of comfirmation on payment unless the companies say i paid. and the 3rd card is a chase that says "unknown" and "credit card-revolving terms"(8/1/02) can i have this legally removed? an theres a first usa bank that says potentially neg closed. which i believe its the chase account that was sold to the bank or collection agency. basically my main questions are. 1. can i have the potentially negative closed accounts gone if they where sold to a collections agency legally? 2. can i have the unknown chase account removed if it was sold to the first usa bank? 3. and can i have the current closed credit card accounts removed? 4. will paying off the first usa bank closed account (12/1/05). make it turn current an lower my score even more? am i better off just letting it disappear? what can i do to get these off my report? im trying to buy a house and i make enough money to pay even a 10 percent interest on a house loan but my credit score of 548 wont even get me a loan. i have to pay the repo cause the collection angency will open a fresh hit on my report. so im sure the 548 will be much lower in a month or less. any help with this would be great

1. Just because they sold the account and closed it doesn't mean it can be easily removed from your credit reports. You still owe them (or the third party assignee) money. You can try to have it removed by disputing it, but it will probably stay on. 2. Ditto #1. 3. Current closed credit accounts are most likely a positive thing on your credit reports, as they are increasing the length of your credit history. Leave them be. 4. Paying an old, closed account will actually hurt your credit score because it updates the date of last activity to make the negatives look more recent than they actually are. You would need to negotiate a pay for deletion agreement with them if you want to pay AND repair your credit. And Mister Ed is correct: forget about getting a mortgage anytime soon. People with good credit are having trouble getting a mortgage right now. You can always try to buy a home on contract if you must buy something and you can find someone willing to do it.

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Inventory system, uses a lifo flow assumption, and ends its fiscal year at december 31. at the year end, the cost of goods sold and inventory are adjusted to reflect periodic lifo costing procedures. a railroad strike has delayed the arrival of purchases ordered during the past several months of 2001, and steel specialties has not been able to replenish its inventories as merchandise is sold. at december 22, 2006 one product appears in the company’s perpetual inventory records at the following unit costs: purchase date quantity unit cost total cost nov. 14, 1954 3,000 rs. 6 rs. 18,000 apr. 12, 1955 2,000 8 16,000 available for sale at dec. 22, 2001 5,000 rs. 34,000 steel specialties has another 8,000 units of this product on order at the current wholesale cost of rs. 30 per unit. due to the railroad strike, however, these units have not yet arrived (the terms of purchase are f.o.b. destination). steel specialties also has been an order from a customer who wants to purchase 4,000 units of this product at the retail sales price of rs. 45 per unit. steel specialties intends to make this sale on december 30, regardless of whether the 8,000 units or order arrive by this date. (the 4,000 unit sale will be shipped by truck, f.o.b. shipping point.) requirements: a) are the units in inventory really almost 50 years old? explain. b) prepare a schedule showing the sales revenue, cost of goods sold, and gross profit that will result from this sale on december 30, assuming that the 80,000 units currently on order (1) arrive before year ends and (2) do not arrive until some time in the following year. in each computation, show the number of units comprising the cost of goods sold and their related per unit costs. c) comment on the results obtained in the part (b). d) management should delay this sale by a few days or not? explain the reasons for your answer. case study # 2: it is late summer and national motors, an auto manufacturer, is facing a financial crisis. a large issue of bonds payable will mature next march, and the company must issue stock or new bonds to raise the money to retire this debt. unfortunately, profits and cash flows have been declining over recent years. management fears that if cash flows and profits do not improve in the current year, the company will not be able to raise the capital needed to replace the maturing bonds. therefore, members of management have made the following proposals to improve the cash flows and profitability that will be reported in the financial statements dated this coming december 31, 2003. 1. switch from the lifo method to the fifo method of valuing inventories. management estimates that the fifo method will result in the lower cost of goods sold but in higher income taxes fro the current year. however, the additional income taxes will not actually be paid until early next year. 2. switch from the 150%-declining –balance method of depreciation to the straightline method and lengthen the useful lives over which assets are depreciated. these changes would be made only for financial reporting purposes, not for income tax purposes. 3. pressure dealers to increase their inventories-in short, to buy more cars. (the dealerships are independently owned; thus dealers are the customers’ to whom national motors sells automobiles). management estimates that this strategy could increase sales for the current year by 5%. however, any additional sales in the current year would be almost entirely offset by fewer sales in the following year. 4. require dealers to pay for purchases more quickly. currently, dealers must pay for purchases of autos within 60 days. management is considering. reducing this period to 30days. 5. pass up cash discounts offered for prompt payment (that is 2/10, n/30), and do not pay any bills until the final due date. 6. borrow at current short-term interest rates (about 10%) and use the proceeds to pay off long-term debt bearing an interest rate of 13%. 7. substitute stock dividends for cash dividends currently paid on capital stock. requirement: a) fill in the table given below by indicating, whether the above seven proposals will increase, decrease or have no effect on captions given in the table. proposals net income cash flow from operating activities cash 1 2 3 4 5 6 7 b) for each of the seven proposals, write a short paragraph explaining the reasoning behind your answer to part a.

Are you kidding? You want yahoo answers to do an entire homework assignment. Do the work yourself - you might learn something.