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Category: Financing (20 posts)

3 Simple Ways to Repair Your Credit

3 Simple Ways to Repair Your Credit

July 10, 2019 | Posted by: Ted Rhind

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ... [read more]

3 Smart Ways to Use a Home Equity Line of Credit

3 Smart Ways to Use a Home Equity Line of Credit

March 13, 2019 | Posted by: Ted Rhind

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always ... [read more]

How to Improve Your Chances of Being Approved for a Mortgage

How to Improve Your Chances of Being Approved for a Mortgage

December 24, 2018 | Posted by: Ted Rhind

For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done. It can be disheartening to f ... [read more]

The Pros And Cons Of Reverse Mortgages - A Quick Guide

The Pros And Cons Of Reverse Mortgages - A Quick Guide

November 28, 2018 | Posted by: Ted Rhind

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement to meet uncovered expen ... [read more]

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by: Ted Rhind

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ... [read more]

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

Real Estate: How to Refinance a Mortgage with a Bad Credit Score

July 11, 2018 | Posted by: Ted Rhind

There are many excellent reasons a homeowner may look into refinancing their mortgage. To refinance means to replace your current mortgage with a new one, almost always with a lower interest rate. For ... [read more]

Planning to Refinance Your Mortgage? Ask These 4 Questions First

Planning to Refinance Your Mortgage? Ask These 4 Questions First

April 11, 2018 | Posted by: Ted Rhind

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ... [read more]

How to Maintain a Good Credit Rating Throughout the Year

How to Maintain a Good Credit Rating Throughout the Year

February 28, 2018 | Posted by: Ted Rhind

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It's easy to do so, particularly if you follow the tips presented her ... [read more]

Four Strategies That Can Help You Get Approved for a Mortgage

Four Strategies That Can Help You Get Approved for a Mortgage

February 14, 2018 | Posted by: Ted Rhind

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ... [read more]

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

November 8, 2017 | Posted by: Ted Rhind

It's always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it's hard to kno ... [read more]

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

July 12, 2017 | Posted by: Ted Rhind

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers ... [read more]

Buying a Home, Step One: Mortgage Pre-Approval

Buying a Home, Step One: Mortgage Pre-Approval

April 11, 2017 | Posted by: Ted Rhind

Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl ... [read more]

Should You Borrow Money to Invest in Real Estate?

Should You Borrow Money to Invest in Real Estate?

December 28, 2016 | Posted by: Ted Rhind

There's no disputing that real estate investment is one of the best business models for those looking to achieve long-term financial success. The one problem most would-be investors have, however, is ... [read more]

Saving For College: Four Tips For Parents

Saving For College: Four Tips For Parents

November 23, 2016 | Posted by: Ted Rhind

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges ... [read more]

Is Having No Credit As Risky As Having Bad Credit?

Is Having No Credit As Risky As Having Bad Credit?

October 12, 2016 | Posted by: Ted Rhind

Let's clear up one misconception, right off the bat: having no credit is not the same as having bad credit. 'No credit' simply means that your credit history - which tracks your loans and repayments o ... [read more]

Why Should I Repair My Credit?

Why Should I Repair My Credit?

September 14, 2016 | Posted by: Ted Rhind

Your credit history is more than just a number; it affects nearly every aspect of your financial life. If you are suffering from a low credit score, you're probably an excellent candidate for credit r ... [read more]

How to Manage Your Credit Card Debt: A 4-Step Strategy

How to Manage Your Credit Card Debt: A 4-Step Strategy

July 13, 2016 | Posted by: Ted Rhind

Being in debt is undoubtedly stressful, more so when the interest rates keep pushing your overall debt to skyrocketing amounts. Many people fall into the temptations of unnecessary expenditures and en ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

February 11, 2016 | Posted by: Ted Rhind

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

The Benefits of Investing in Income Producing Properties

The Benefits of Investing in Income Producing Properties

February 11, 2016 | Posted by: Ted Rhind

Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]

Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

February 11, 2016 | Posted by: Ted Rhind

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]

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