The Latest on Canadian Home Loan Policies
Over the last decade, house prices in Canada have doubled, and the market continues to grow. The demand for property is illustrated by the fact that there are 173 skyscrapers being built in Toronto, the highest number in North America. New York, with nearly four times the population, has only 96 under construction, while Chicago […]
Cannect and CBC News: How Can You Access Monetary Stimulus?
Should You Rush Into a Variable Rate Mortgage? Variable Rate Mortgages are much worse than they were 2 weeks ago. Regardless, if you or someone you know is in a fixed rate mortgage with a rate greater than 3% it might still be time to consider switching to a variable rate. Why? So, why are […]
Breaking Your Mortgage Made Easy
This process can get confusing without the help of a Mortgage Agent. Working with MorCan Direct will provide you with access to some tricks to reduce these penalties and keep your mortgage lender in check when they are calculating penalties. The number one way to save the most money on your mortgage is to stay […]
Do you Borrowing Costs Are Increasing? Do you Know Why? How to Borrow Smartly
However, with a looming trade war and a Canadian borrower who is now feeling the effects of new policies enacted by the Liberal Government that are giving consumers little choice when it comes to refinancing or renegotiating their mortgage, should we take a pause? Economists are pricing Wednesday’s rate decision at an 80% chance of […]
What is Balance Sheet vs. Non-Balance Sheet Check it out now.
Embarking on a journey to financial literacy requires a clear understanding of the fundamental tools that drive financial decision-making. Among these, the concepts of Balance Sheet and Non-Balance Sheet items stand out as crucial elements in assessing the health and performance of an organization. In this blog, we’ll delve into the intricacies of Balance Sheet […]
Which Lender Type Is Right for You?
If you’re thinking of going with a traditional bank for your home loan, I have some surprising news I think you’ll want to know before you decide. You see, any chartered bank in Canada is known as a “balance sheet lender”. They’re called this because your home loan is on their books as an asset. […]
Simple Banking Mistakes to Watch Out For
The Payday Loan Promise Payday loans work on a tantalizing promise: we’ll loan you money until your payday comes, but we’ll charge you high interest rates for the “privilege”. Since many of them work outside the law, they can practically promise you the moon. They also prey on your situation, adding pressure, asking for personal […]
Attention Seniors! Beware of the Reverse Mortgage Trap
The reverse mortgage. It sounds perfect from what the dazzling commercials and flawless brochures tell you: You can keep your home. Tap into money for your retirement. Make your Golden Years your best years ever… But before you sign up, it’s important to know what you’re actually getting into. While it’s true that a reverse […]