TransAtlanticEx:
you can't use a house that's still on mortgage as collateral to collect loan.

You can it called cash-out refinancing.

Just123:

You can it called cash-out refinancing.

I don't understand,can you throw more light?

maternal:


Hes not doing well. Because if he was, he wouldn't be thinking of migrating. Lastly what is wrong with paying taxes? Why are Nigerians so uncivilized. You complain government doesn't do anything. Then when you live in a country where the government does something, you complain about taxes.

I pay heavy tax here in nigeria oo. 200k out of the little money

How much is 300k at the rate of 450/$

TransAtlanticEx:
I don't understand,can you throw more light?

Why are you discussing something you know nothing about lol.

MrGoood:

Thanks but I won’t lie am about the money , I have a lot of bills to settle , How much did you make here monthly pls, If the minimum I will make here is 300k minimum , I will move next two month by God Grace. The max I can make is unlimited, I am about minimum earnings. Even if the place is a bush , mine is money , All this high building can’t put food on my table , My problem is more than admiring beauty.

You will move next month to Canada and you don't have a visa

maternal:


Why are you discussing something you know nothing about lol.

Something I don't understand?

You think everyone has to be impolite ?

..

Ndimkaoha:
How much is 300k at the rate of 450/$

Good question!

TransAtlanticEx:
I don't understand,can you throw more light?

For example
A home owner property is worth $1000, he/she take out a mortgage worth $500 the remaining balance of the property which is $500, can still be use in collecting loan from the first lender or from another lender.

Note: the second loan would be taking out on only his/her current equity.

Just123:


For example
A home owner property is worth $1000, he/she take out a mortgage worth $500 the remaining balance of the property which is $500, can still be use in collecting loan from the first lender or from another lender.

Note: the second loan would be taking out on only his/her current equity.

Exactly.
This does not translate to a loan.
You are simply withdrawing from your equity with interest and extending your mortgage.So tell me,who is the fool?
The only time cashback refinancing counts as profitable to its recipient is when your equity becomes very high by means of property appreciation which to me isn't guaranteed as the property can also depreciate.

ecomalchemist:


lol, please let's be calming down na..I don laugh tire.

Not everyone must do a white collar job. I dont just understand the craze of Nigerians and white collar jobs.

An elevator technician / mechanic makes about 400K CAD per annum, there are blue collar trade jobs that can make you live a comfortable life with investments.

Iranians in Canada are deep into the trucking business. They go to canada, learn how to drive heavy duty trucks, get certified, invite thier relatives...wash rinse and repeat till they pull the whole family out of generational poverty.

Nigerians should do the same aswell in the food business or other blue collar trades.

My 2 cents !!

I honestly dont understand Nigerians and their craze for white collar jobs.

I know a Nigerian who has vouched not to do blue collar jobs but prefers to watch movies all day. Bros claimed he was a Bank manager in Nigeria and must get something of equivalent in the UK. The annoying part is that this bros watches his wife work crazy hours just to pay all the bills.

Even the bible postulates that there is dignity in labour, yours sincerely does blue collar job and what i earn in a week is bigger than what some bankers earns monthly in Nigeria. My wife is in the Health sector and earns relatively high income and that did not stopped me from hustling.

Some Nigerians abroad lazy!!!

Phelixblaq:


In 5 years time, I will proof you wrong

LMFAO! Have you ever heard of mortgage?

maternal:


Some have no papers and some are just criminals. Myself and the people I'm around aren't struggling at all. Taxes actually make life easier and cheaper. Only Nigerians in Nigeria feel taxes is a bad thing.

Because there is nothing concrete to show for Nigerian tax unlike Canadian tax system and level of canadian infrastructure and amenities !

DonroxyII:
Because there is nothing concrete to show for Nigerian tax unlike Canadian tax system and level of canadian infrastructure and amenities !

Nigerians who just came to Canada always complain about taxes, yet they all 1st world standard infrastructure. How do you explain that ?

maternal:


Nigerians who just came to Canada always complain about taxes, yet they all 1st world standard infrastructure. How do you explain that ?

Lol, They want to eat their cake and have it at the same time ... That's Greediness

Pls Guru, I need someone to guide me step to take, I have good job Here and my statement account Ok, mean if we are talking about account and I like to move my Family 2 Canada for future of my kids

DonroxyII:
Lol, They want to eat their cake and have it at the same time ... That's Greediness

And thats why Nigeria its in the state she's in now.

If it's a PR visa you seek, then I would advice that you do that, acquire your citizenship after few years( could be as low as three), then you can come back home. Nothing is guaranteed in this country even your 200k - 700k job. It's like having a plan B

MrGoood:
I am planing to move out of Nigeria soon but pls I’ve been reading about people who got there and re not happy when the reality drawn on them , Pls did you also have the same experience, Did you know anyone regretting there actions also? Note: I make nothing less than 200k here currently and as far as 700 to a million monthly , But let judge with 200k , No matter how worst thing re I will make 200k monthly, So how much did you make in Canada, I asked someone there but it seems he didn’t not want too be open maybe the shame or whatever, I don’t know. I put it on Politics section because we have matured people on here.

i am not ready.In Nigeria here,i get money on a daily basis without breaking a sweat.

How is biz now please? Hope there is high patronage ?