3 Options for Getting a Mortgage with Bad Credit
Truthfully, you have lots of options for getting a mortgage with bad credit. While you’re most likely going to pay higher interest rates, bad credit doesn’t always automatically mean you’re doomed when it comes to buying a home; and once you start looking, you’ll find there are options you never even thought of, or knew…
Read moreAre you in the Habit of Spending Money?
At a time when the government keeps warning us about record-high household debt levels, and people can’t seem to save more than they spend, the Everyday Money blog brings us an interesting post about a book written by David Krueger. The book is called “The Secret Language of Money” and in it, the author points…
Read moreThe Different Types of REITs
On Monday we began our mini-series on REITs, real estate investment trusts. In that post we talked about how REITs are like shares that can be bought and sold on the stock market. We also talked about how there are several different kinds of REITs you can choose to invest in. What we didn’t touch…
Read moreShould our Financial Infrastructure be Changed?
A recent study done by C.D. Howe Institute was released yesterday and it holds some pretty interesting ideas on how our financial and political infrastructure should look, and what’s wrong with the way it looks now. Before we delve deeper into the changes the report claims are necessary for Canada’s infrastructures, let’s review what those…
Read moreWhat is the Overnight Rate?
Canadians watch the Bank of Canada’s interest rate like hawks, wondering what’s going to happen to the overnight rate and the prime rate. But aren’t these two the same thing? That is where it can get a little confusing. Historically the prime rate was the same as the overnight rate, so if you were referring…
Read moreWill Tighter Rules be Imposed on Canada Mortgages?
For the past year (and more!) we’ve been listening to Bank of Canada’s Governor, Mark Carney, and Finance Minister, Jim Flaherty, harp on us about how much debt we’re carrying. Those warnings have been an ironic backdrop to a housing market that continues to be overvalued in many areas and most recently, the bidding war…
Read moreA Closer Look at REITs
Yesterday we warmed up all of our readers for our REIT miniseries by taking a quick look at them and finding out just what exactly, REITs are really all about. In our post yesterday we talked about how REIT stands for “real estate investment trust,” leaving many thinking that it’s a trust fund; but it’s…
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