‘Bruised Credit’ Biggest Reason for Toronto Second Mortgage
Sometimes, circumstances arise in life where we need a little extra money in the form of a second mortgage. Increasing home value with a home renovation is a common reason, and sometimes unexpected things like the loss of a job or medical expenses come up. But according to Brian Samuel, a financial expert at Oriana…
Read moreWhat is a REIT?
So often on this blog we talk about investing in real estate. But most of that time, we’re referring to taking out a second mortgage for an investment property, or taking part in the elusive “flipping” of properties that is just now becoming popular in Canadian real estate. But if you’re not interested in doing…
Read moreTo Pay off Debt, or Create Wealth?
“Pay off your debt, pay off your debt!” This is what Canadians have been hearing for months and months now; and with record household debt levels, it’s no real wonder why. Yes, we have a lot of debt and yes, we need to be finding ways to continue to pay it off – and the…
Read moreEverything I Need to Know I Learned in Mortgage Class
Mortgages, second mortgages, home equity loans, and secured lines of credit. How many of us graduated from high school knowing everything there was to know about these topics? How many of us knew how much of a down payment we would need to buy a home; or even how much the average home cost in…
Read moreRRSPs for the Contributor and Non-Contributor
It’s the turn of a New Year and for many Canadians, it means that it’s time to start worrying about one more thing: RRSP contributions. Because the deadline of March 1 seems to be looming for RRSPs and the tax year of 2010, many think that it’s time to rush out and start pouring our…
Read moreWhen Buying Investment Property, is it Better to be Young?
Ask anyone over the age of 55 and they’ll likely be able to give you a long list of things that were better when they were young. But, is buying investment property one of them? While investing in real estate is always a much better option than buying stocks, bonds or mutual funds (especially in…
Read moreAre 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…
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