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Julius · 02-26-2010, 08:31 PM

Thanks Steven.
I'll put it this way:
The mortgage is in Canadian funds and I have only paid interest on it.
It can be rented quite easily.
To give you an example:

Say the mortgage is worth $100,000 at 2.25% at the moment. The home is worth $150,000. Rent can get me, say $500. Say the Canadian dollar devaluates (hypothetical speaking) in 2 weeks..and I have a chance to act on this tip (hypothetical speaking), what action would put me out ahead?

People, I'm not saying the Canadian dollar will devaluate nor do I have any hidden inside information..I'm just hypothetical speaking.

Thanks

02-26-2010, 08:31 PM	#3
Julius Avalon Senior Member Join Date: Oct 2008 Location: Montreal, Quebec Posts: 37	Re: Rent it or sell if for cheap? Thanks Steven. I'll put it this way: The mortgage is in Canadian funds and I have only paid interest on it. It can be rented quite easily. To give you an example: Say the mortgage is worth $100,000 at 2.25% at the moment. The home is worth $150,000. Rent can get me, say $500. Say the Canadian dollar devaluates (hypothetical speaking) in 2 weeks..and I have a chance to act on this tip (hypothetical speaking), what action would put me out ahead? People, I'm not saying the Canadian dollar will devaluate nor do I have any hidden inside information..I'm just hypothetical speaking. Thanks