Hello Canada! We’re very happy to announce our BRAND NEW Mortgage Learning Center! You will find information that pertains to the following topics: – Using a Mortgage Broker – Down Payment Requirements for a Mortgage – Open vs Closed Mortgages – Variable vs Fixed Mortgages… Read More
A second mortgage (a second mortgage loan on your home) is an effective way of getting a large amount of cash using available home equity. You can also leverage your home equity to get cash by obtaining a home equity line of credit or refinancing your current mortgage, but the… Read More
By now we’ve all heard about the new mortgage rules that came into effect recently. They aim to tighten the Canadian mortgage industry and protect its stability. These changes are believed to have a significant effect on the housing market. What exactly changed? The most notable change… Read More
There’s always been some debate between variable and fixed rate mortgages. Generally fixed rate mortgages do not have the same kind of risk as variable rate ones but they also tend to cost more than the alternative. It’s hard to decide what to do. Are you a risk taker? Do… Read More
Debt elimination is hard. Sometimes you’ll feel fine about it and sometimes you’ll feel like you’re trying to climb out of a hole that keeps getting deeper and deeper. Money is mostly seen as being all about numbers and math. In personal finance, money is seemingly about income, debt and… Read More
Budgeting is a really important tool in personal finance. Total financial independence has to do with wise expenditures. Budgeting helps you to make up and implement spending rules for what you can and can’t afford. It is an easy way to deal with the stress of paying off debts and… Read More
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