Well I cashed in my company stocks.
I went to the bank to deposit the cheque, and while I was there I figured I’d see what I can get pre approved for. I was preapproved for the amount I wanted (400k purchase, 80k down for a 320k mortgage) at 3.49% 5 year fixed, closed. I’m still unsure of what kind of mortgage I want, but I’ll be purchasing after this pre approval expires so the mortgage type isn’t set in stone.
Now I’m going to take that cheque since it was all pre-tax income and split it between me and my GF’s RRSP’s so that the gubbermint cant get their paws on it and then we will use that as half of the down payment.
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