The Power of Home Equity
In today’s financial climate it is becoming more and more important to expand and diversify financially. Many people have left the “security” of their full time, salaried jobs for the uncertainty of self employment. The reason being that there is no security in today’s corporate atmosphere. Restructuring and cut backs have been the norm for the…
Read moreLending Money To Friends & Family? Be Careful.
Looking to Borrow Money From Friends and Family? Think Twice and Consider All of the Non-Monetary Costs Involved Before You Jump In.
Read moreLong Live The King! Cash, or Credit?
Regardless of anything else, credit is the one key factor of your application that is almost entirely under your control …
Read moreConsidering Buying A US Property? You Aren’t Alone.
Considering Buying A US Property? You Aren’t Alone. With the recent meteoric rise of the Canadian “Loonie” to above parity with the US dollar recently, Canadians are enjoying an experience that might come along just once in a lifetime.
Read moreFood And Gas Prices Are Up. What Can You Do About It?
As recently reported in the Globe and Mail & on CTV News, food and gasoline prices are both significantly up. But you probably didn’t need me or them to tell you that. At first glance, you might wonder what the current inflationary trends in food and gasoline have to do with your mortgage. The reality…
Read moreAre HELOCs The Hot Mortgage Product of 2011?
If you don’t know what the term HELOC means, then you’re probably just coming out of your annual winter hibernation. H.E.L.O.C.s, also known as Home Equity Lines of Credit are one of the fastest growing segments of the mortgage industry. Its not hard to understand why. An article in the Montreal Gazette recently investigated the…
Read moreAverage Household Debt-To-Income Ratio at 150% Even as Credit Card Debt Falls
Average Canadian household debt stands at a record $100,000 and the savings rate has plummeted to 4.2%. But surprisingly, credit card debt in the last quarter of 2010 was down 2.7%, with many Canadians using lines of credit to pay off their credit card balance.
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