Category: Financing (23 posts)
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Ted Rhind
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ... [read more]
Multi-Family Lending: What You Need To Know About Hard Money Loans
March 9, 2021 | Posted by: Ted Rhind
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ... [read more]
How Good vs Bad Debt Impacts Your Household
January 27, 2021 | Posted by: Ted Rhind
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ... [read more]
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
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
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
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]
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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
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
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
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
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?
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
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
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?
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
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?
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?
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
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
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
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
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]
