A 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…
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 moreWhat is a Re-advanceable Home Equity Line of Credit?
Many people know what a home equity line of credit (HELOC) is; a secured line of credit that borrows against your home equity and allows you to take out as much as you need, whenever you need it. But in addition to these standard HELOCs, there are also other types of these loans that are…
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 moreVariable or Fixed: The Question Remains
With so many banks in Canada offering such hugely discounted rates, homeowners looking to refinance and home buyers looking for their dream home are once again faced with that age-old question: should we get a variable or fixed rate on our mortgage? Truthfully, this is a question people are going to be asking their entire…
Read moreWhat the Interest Rate is Going to Do
Everyone eagerly waited to see what the Bank of Canada would do with the interest rate yesterday, as many homeowners sat waiting to see if now would be a good time to refinance their mortgage. It was expected that the overnight rate would remain at 1%, the same rate it’s been since September of 2010…
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…
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