If You Have Considered a Reverse Mortgage, Now Might Be the Best Possible Time to Tap Into Your Home Equity Reverse Mortgage is an idea whose time is now. Factor together our aging population, exploding home values, and the high cost of living, there is so much home equity that seniors age 55 and over...Read More
Why You Shouldn’t Put Much Stalk In Interest Rate Predictions Personally, I don’t put much stock in predictions, unless they are to affirm the status quo. All I have been hearing is how interest rates will increase this year. I accept interest rates will be higher in my lifetime, but don’t ask me to tell...Read More
Published: • Reader Asks: “What’s the Right Choice? Pay Down Student Debt, Or Save Down Payment For Investment Property?” Today’s question comes from Alison in Mississauga: “Hi Ross I currently have a $50, 000 CAD student loan which I must now start paying off. I have a short term work contract, making a $70,000 a...Read More
Should you buy your first home or pay off your student debt? This is part two of the response to a question from Alison, who wanted to know if she should first pay off her student loans before saving for a house. You can read part one here. Hi Alison, I like the idea of...Read More
Credit rating and savings are not always a mortgage slam dunk Anytime someone wants to borrow money – for whatever reason, from whomever, lenders always ask themselves one simple question –“will they pay this back?” This is true even if it is your best friend hitting you up for a personal loan, or if you...Read More
In the event of a divorce, who gets the family home? “I recently asked my husband to move out of our home (which he did) and I am now planning to divorce him. As we discuss the financial aspects of our divorce, he wants to keep the family home, and get me to move out....Read More
Think a variable rate mortgage is a piece of cake? Read this! I just read an excellent analysis by Rob McLister, the editor of the highly regarded Canadian Mortgage Trends website. It takes to task the people who believe they are fine with a variable rate mortgage, and can adjust quickly to rising rates and...Read More
