Pay off Debt while Still Saving? Not as Impossible as You Think!
It’s the age-old dilemma: when trying to set yourself up better financially for the future, do you pay off debt first, or do you try to grow your savings? While you’ll get a different answer, and different reasons for it, from just about any expert you ask, it is possible to do both. you just have…
Read moreMoney Talks: Volume 18
There was a lot of talk about investing this week around the blogosphere, whether it was mutual funds, RESPs, or other types of investing people were talking about. Gail Vaz-Oxlade also brings up a controversial point about keeping your finances separate, or together with your spouse’s; and as always, we’ve scoured the Web and have…
Read moreLimiting of CMHC Mortgage Insurance Included in 2013 Federal Budget
People are still digesting the 2013 federal budget that Finance Minister Jim Flaherty and the Conservative government unveiled last week. And while there weren’t the drastic changes to mortgages that many thought it would include, the budget did outline that the government wants to start restricting the use of default mortgage insurance on low-ratio mortgages….
Read moreAn Example of Flaherty Doing More Harm than Good when it Comes to Mortgage Rates
It being the last day for BMO’s five-year discounted mortgage rate, we thought it would be an appropriate time to have the last word on Flaherty’s controversial stirring of the pot when it comes to mortgage rates in Canada. This time to say that, when critics said that Flaherty was only drawing more attention to…
Read moreToday is Last Day to Take Advantage of BMO’s Five-Year Mortgage Deal
Although it’s certainly not the reason for BMO’s announcement, this is certainly news that’s going to make Finance Minister Jim Flaherty happy. The bank will be ending their discounted offer of 2.99 per cent five-year mortgages that it announced earlier this month. As now stated on the bank’s website, that rate will only be available…
Read moreWhat is Farm Credit Canada?
Just this morning we talked about the fire Finance Minister Jim Flaherty is coming under for blaming the banks for irresponsible lending, while giving Farm Credit Canada (FCC) free reign with farm mortgages. With so much criticism surrounding another separate Crown organization lately, the Canada Mortgage and Housing Company, many don’t even know about the…
Read moreShould Flaherty be Pointing the Finger at Himself?
Finance Minister Jim Flaherty certainly stirred the pot earlier this month when he started calling on the different banks and lenders in Canada and telling them to increase their mortgage rates. He took a heap of criticism for the move, with just about everyone coming out of the woodwork to tell the Flaherty that such…
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