All Forum Posts by: Michael Stole

Thanks, Roy.

Also, for those general contractors, I think they are going to give me a high bid. Should I inform them in advance what I got on bid so if they would give me a high bid, they don't have to waste their time? I think this can save their time on preparing a bid, but not sure if it is proper. Any advice?

Thanks for the replies. He offers to do part of the job at a fraction of price.

Also, he said he would be around to check out how well the job would be done. I am so afraid he is going to bother my chosen contractor while they are working.

He came on site to give me a quote the other day, which is much higher than others'. He called and texted me several times asking whether I would accepted his quote today. I don't want to give him any hard feeling, so want to know how you would reply to reject a contractor's bid?

Thanks for all the replies!

I am reading all the posts about mold remediation, but can not determine if this is mold. These pics are taken in the basement.

Yes, I will at least remove the wall between dinning and kitchen. No sure if it would be better to also remove the walls between family room and hall way and between hallway and dinning room. That will be completely open with just one big room at the main floor.

The difference in down payment is over $100k. It is big incentive for me to change.

Thanks, Joel. It is in Canada. And both are big banks here.

If I move to the second bank, how much will be proper to pay the guy in the first bank who worked a lot on my mortgage?

I have spent so much time with a mortgage lender, who has done an appraisal on the property. I almost for sure with get mortgage from this bank.

However, another bank replied to me today with a much attractive term (much lower down payment). The closing date is mid October.

Can I still change my mortgage lender? And if so, how should I proceed to minimize the bad feeling of the first lender? I am thinking of paying him even if we do not get mortgage from him, and how much do you think is proper? Thanks.

Thanks, that is good idea.