Traded Linus Ullmark traded to OTT for 25th, Kastelic and Korpisalo(25% retained)

[Big Muddy]

I think there are some banks (like TD and RBC) that operate in both Countries that might have mortgage products that are portable across the border.

It's also worth noting that Ullmark would be a resident so the NRST shouldn't apply.

Well, that article that I posted had a lot of content from RBC, so it appears as if they contributed to the writing of that article.

There’s some large differences between U.S. and Canadian mortgages. The most common (average term) for a U.S. mortgage is 30-years, so the rate is fixed for 30-years and does not change. Hence, when rates were low, a 30-year U.S. mortgage would have been pretty attractive to Canadian home owners.

Yes, I only posted the bit about the Non-Resident Speculation Tax because I found it “interesting”, and not because I thought it would apply to Ullmark. As an “aside”, I am a dual citizen of both Canada & the U.S. and have owned businesses and houses in both countries. I wouldn’t pretend to be an expert on all things as a result, but I suppose I’ve had to become more familiar with some of these things.

I did find this:

Set up a Canadian bank account with RBC Bank​

The first step to beginning the mortgage process is to create a Canadian account in your name. Some great banks to consider are RBC Bank and BMO, which specialize in cross-border mortgages for Canadians. While they cannot offer you U.S. mortgages, they may be more familiar with U.S. and Canadian laws that could impact your home purchase.

 

[Micklebot]

Well he probably has more term than 1 year. He isnt getting a new one. I think is a positive sign too but I also think there are multiple factors at play.

Whatever mortgage he had in Boston likely would have originally been entered into in the summer, so it's entirely possible that he bought a house in August while playing for Buffalo, ported it to Boston when he got traded, and it came to term this summer or fall, so he just sold, and started a new mortgage in Ottawa,

It's also possible he just renewed last year and still has plenty of term. Who knows...

 

[Micklebot]

Well, that article that I posted had a lot of content from RBC, so it appears as if they contributed to the writing of that article.

There’s some large differences between U.S. and Canadian mortgages. The most common (average term) for a U.S. mortgage is 30-years, so the rate is fixed for 30-years and does not change.

I did find this:

Set up a Canadian bank account with RBC Bank​

The first step to beginning the mortgage process is to create a Canadian account in your name. Some great banks to consider are RBC Bank and BMO, which specialize in cross-border mortgages for Canadians. While they cannot offer you U.S. mortgages, they may be more familiar with U.S. and Canadian laws that could impact your home purchase.

Interesting,

I found this:

https://privatewealth-insights.bmo.com/en/insights/wealth-planning-and-strategy/differences-between-us-and-canadian-mortgages/

Most U.S. mortgages can be paid off in full or additional payments can be made at any time without penalty.

That seems to make the whole discussion somewhat moot.

 

[Big Muddy]

Interesting,

I found this:

https://privatewealth-insights.bmo.com/en/insights/wealth-planning-and-strategy/differences-between-us-and-canadian-mortgages/

That seems to make the whole discussion somewhat moot.

Yes, tbat’s true. You can pay off a U.S. mortgage any time you want. In fact, I did this myself long before the 30-year term was up.

My posts weren’t really directed at what Ullmark might or would do. I was just reflecting on whether you could get a U.S. mortgage for a home in Canada. I added a bit more to the post (#901) you quoted fwiw.

 

[bicboi64]

Hoping the house buy means he wants to stay and looking forward to seeing a 35+ win season from him.

Boston's starting goalie potentially being Korpi makes this trade even sweeter

 

[TheNewEra]

we gave the wrong first to boston

 

[BondraTime]

we gave the wrong first to boston

It was the only 1st they could give

 

[Micklebot]

It was the only 1st they could give

Why? We could have given 7oa, or either the 2025 or 2026 pick (the other would then become the one to satisfy the penalty for Dadoniv).

 

[BondraTime]

Why? We could have given 7oa, or either the 2025 or 2026 pick (the other would then become the one to satisfy the penalty for Dadoniv).

Could have given the 7th or the 25/26 1st, though neither makes a lick of sense compared to a known 25th

 

[Micklebot]

Could have given the 7th or the 25/26 1st, though neither makes a lick of sense compared to a known 25th

I agree it doesn't make sense, but we could have.

 

[Crosside]

Nobody see the picture that said Ullmark arrived in town. I was thinking that he have bought a house but seems a condo

 

[BondraTime]

Nobody see the picture that said Ullmark arrived in town. I was thinking that he have bought a house but seems a condo

Was mentioned a page back that he bought a house in Westboro

 

[Crosside]

Was mentioned a page back that he bought a house in Westboro

I know, but the picture doesn’t sound like a house

 

[Senscore]

Maybe he's in a hotel until the family moves in

 

[Crosside]

Maybe he's in a hotel until the family moves in

Daughter in the picture

 

[StoicSensFan]

Can we change the thread title to Ullmark Mortgage Speculation and Investigation?

 

[Stutzlaaaa]

This is probably one of the best trade Ottawa did in the last few years. Yes, there is risk that Ulmark don't extend ,if team miss playoff probably. But who cares I would do this trade over and over again we lost a late 1st to get out of Korpisalo contrat and his performance as #1 for a premiere starter in the league ( yes yes he never played over 40 but he defintly can , will if needed) in a crucial year.

If he doesnt like it here fine you flip him at deadline as a rental for a 2nd . Value for Ottawa : 1 year of stability in net + B prospect + not paying and playing Salo for 4 years. With that 2nd they can even try to get a stop gap till they find their guy.

 

[frightenedinmatenum2]

Why would an NHL player buy an entire neighbourhood?

Edit: missed the 'a house' part, I thought he bought Westboro.

 

[LiseL]

Buying a house is more encouraging than renting for one year, just saying.

 

[frightenedinmatenum2]

This is probably one of the best trade Ottawa did in the last few years. Yes, there is risk that Ulmark don't extend ,if team miss playoff probably. But who cares I would do this trade over and over again we lost a late 1st to get out of Korpisalo contrat and his performance as #1 for a premiere starter in the league ( yes yes he never played over 40 but he defintly can , will if needed) in a crucial year.

If he doesnt like it here fine you flip him at deadline as a rental for a 2nd . Value for Ottawa : 1 year of stability in net + B prospect + not paying and playing Salo for 4 years. With that 2nd they can even try to get a stop gap till they find their guy.

The way I see it is that if you told people it would cost the Boston 1st to dump Korpisalo @ 3Mx4Y they would have said that's fair value.

So even if Ullmark walks at the end of the season and we lose him for nothing, the marginal cost is minimal.

 

[GCK]

You think, or you hear?

Everyone is very confident.

 

[StoicSensFan]

Everyone is very confident.

Wait the mortgage signing or the NHL contract?

 

[Alf Silfversson]

Wait the mortgage signing or the NHL contract?

I, for one, am very confident that Linus Ullmark will be able to make all his mortgage payments.

 

[Micklebot]

I, for one, am very confident that Linus Ullmark will be able to make all his mortgage payments.

Over under on his mortgage rate?

Will he go with a big bank or a credit union...

 

[bert]

Over under on his mortgage rate?

Will he go with a big bank or a credit union...

The deal is already closed! Haha. Its a mystery to all. However he probably went variable if he did in fact get a new one. So ill say over 5.