Are You Worried about the Canadian Economy in 2012?
For years we Canadians have been priding ourselves on the fact that the global financial crisis of 2008 didn’t hit us nearly as bad as the rest of the world – especially those people to the South of us that always seem to come out just a smidge better than us. But it seems that…
Read moreWhat’s Better for Retirees: Reverse Mortgage or Secured Line of Credit?
Retirees certainly aren’t out of options when it comes to borrowing against their home equity. Reverse mortgages, home equity loans, and HELOCs are all options; and while this might sound like it’s giving seniors the best of everything, it can also be overwhelming because homeowners don’t know which one is best for them. It usually…
Read moreStill Haven’t Made Your Resolutions?
Many people spent their New Year’s Eve thinking about their resolutions and what they were going to change in 2012. But, if you’re one who hasn’t quite decided what you want to focus on, here are five financial resolutions that will help you this year, and for many more to come. Pay off your principal…
Read moreHousing Market Set to Cool
Just a couple of days ago we talked about whether or not the mortgages of today would be underwater tomorrow; that is, if homeowners would find themselves in the position of having more home debt than home equity. In that post, we spoke about ways to try and save yourself from an underwater mortgage if…
Read moreWill Today’s Canada Mortgage be Underwater Tomorrow?
Prices are high in Canada, that’s not really any secret. The sky-high housing market began in Vancouver and now it’s made its way to Calgary and Edmonton. People anywhere East of there are now starting to worry that the rising house prices are going to make their way across the entire country. The problem is…
Read moreDo Women Get a Worse Deal on Their Mortgages?
“True, speaking in general terms, it’s probably safe to say that women usually enjoy shopping more than men. But that doesn’t seem to be the case when it comes to their mortgages, and it could be costing them a bundle throughout the term of their mortgage. The information comes from a new study published by…
Read moreCanadians are Saving Money on Refinancing – and You Can Too!
Things have been good for the Canadian economy in the past 10 – 11 months or so. And despite naysayers touting that interest rates are going to spike, and that we’re not saving enough for that potential economic downfall, that’s just not happening. In fact, the opposite is true
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