Job Application at Ikea

I bought a house!

I just got back from signing the paperwork for purchasing my first house. I'm excited! The place is in Pineview (between the 174 and Innes, Cyrville and Blair), it's a condo townhouse that appears to be in really good shape.

I take possession on August 15th, but won't move in until the end of August in order to give Corinne and I some time to choose some colors and do a little painting. I'm thinking some red, black and white stripes à la Senators for the basement, dunno if Corinne is going to go for that ;P

And apparently Jeff may be gracious enough to lend me his fancy new BBQ once I'm in. Rockin'!

David's Skydiving Video

Corinne, Darren, Kirsten and I went skydiving a few weekends ago, and here's the video of my jump. Definitely worth it!

Mortgage

So I've been given 3 options in terms of mortgages, and I'm not sure which is optimal at this point, so take a look and perhaps let me know what your thoughts are.

Here's the deal, I'm getting a place that's a bit of a fixer upper, with the intention being to do the work and then sell. I figure it'll take 2-3 years to get it all done, after which it goes back on the market. Of the offers below, which is the best choice? Or, is there another consideration out there I haven't thought of?

1) 5 year fixed rate at 5.09%.

2) 5 year open variable at prime minus .75% for a rate of 5.25%. This mortgage would allow you to pay it off in full at any time with no penalties.

3) 5 year closed variable at prime minus .90% for a rate of 5.10%. This mortgage would allow you to lock in or convert out of the variable option at any time with no penalties or fees.