When moving to Vancouver about 4 years ago, I predicted the economy would tank. Thus, I got a variable mortgage at prime minus 0.85%. I have been paying between 1.65 and 2.15% interest on my mortgage the entire time. My mortgage term has been chopped in half and the property value has gone up somewhere around 20-25%. The combination of low interest and Vancouver's skyrocketing real estate prices means I am a happy panda.
This doesn't have a whole lot to do with the topic. I'm just really jazzed about this. Yay me.
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@crazybaconlegs ***Mod edit: You are not now, nor have you ever been, a hamster. Please stop claiming this.***
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