Yesterday’s mid day appointment arrived in despair. He has been working with his bank, and various other “connections” to secure a mortgage on a new condo he is buying May 28. So far, everyone has declined him, even though he can put up a $100,000 down payment on a purchase price of only $260,000. Why? …
Dear Ross, I finished college in 2007, and now I am going back to school in September as a mature student. My OSAP application has been rejected completely, because I am in a consumer proposal. I never ever had a late payment on my previous OSAP, and I have continued to make regular monthly payments. …
Sometimes people ask me how they can arrange an unsecured personal line of credit. (PLC) Their reasons for a PLC are usually along the lines of a lower interest rate, no annual fees, reasonable repayment conditions, and potentially higher limits. These days it is actually pretty tough for a typical Canadian family to qualify for an unsecured personal line of credit.. …
You never know what’s around the corner. Met a couple last week who retired early at 53, with guaranteed pension income of $74,000 between the two of them. And when they hit 65 (earlier for CPP if they so choose) their OAS and CPP will also kick in. They had a $400,000 home bought and …
Hi Ross, I have gotten myself into a pickle. I owe $60,000 on my personal line of credit and two credit cards. I cannot repay this in my lifetime or the next. But I still have two more credit cards with available credit of $40,000. Someone told me I should spend this money first – …
| 1 yr | Fixed, closed | 2.65% |
| 2 yr | Fixed, closed | 2.69% |
| 3 yr | Fixed, closed | 2.65% |
| 4 yr | Fixed, closed | 2.99% |
| 5 yr | Fixed, closed * | 2.84% |
| 5 yr | Variable, closed | 2.65% |
| 10 yr | Fixed, closed | 3.69% |
| LOC | Variable, open | 3.50% |
| Bank Prime | 3.00% | |
| Today's Specials | ||
| 5 yr | Variable, closed | 2.60% |
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| See Terms | ||
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