March 20, 2024
A generation ago – most retirees did not have mortgages. Mortgage planning was not part of retirement planning. This was primarily because of two reasons: […]
January 5, 2024
With the consistent rise in mortgage rates over the past year or so, the prospect of renewing a mortgage in 2024 has become a concern […]
December 1, 2023
The increase in the Banak of Canada Prime rate over the past 20 months, aimed at tackling rising inflation, has left numerous Canadians cash-strapped until the anticipated lowering of the Prime rate in 2024. So what can be done?
November 25, 2023
Choosing whether to refinance your existing mortgage or getting a second mortgage depends on your financial goals. If your existing mortgage has a good rate and a noticeable time left in its term, you should probably think of keeping it rather than refinancing it and getting a second mortgage instead.
September 19, 2022
The 5 Cs of Credit is a term used to describe the pillars of input that go into determining if a lender will lend you the money. They are Capacity, Capital, Collateral, Credit and Character.