It’s begun. The message is starting to sink in. The new mortgage rules could eliminate 15% of Canadians from qualifying for a mortgage after January 1st, 2018. The mad rush … Continue Reading Review your mortgage NOW! Next year may be too late.
HARDER TO QUALIFY WITH 50% DOWN THAN WITH 5% DOWN.. DOES THIS MAKE SENSE? October 2016, our Federal govt announced a number of new mortgage rules including the infamous new … Continue Reading OSFI announces strictest mortgage rules ever… what you need to know.
On January 2015, the Bank of Canada cut the prime rate by 0.25%. But the BIG SIX BANKS didn’t cut the Prime rate as they normally do. Instead, they waited … Continue Reading Banks pass on rate hikes but not the savings.. Shame on the BANKS!
Originally posted in 2010…. some things never change.. enjoy and beware. Here’s a great article written by consumer advocate, Ellen Roseman. She points to different industries where signing in for … Continue Reading Long term contracts have a price… nothing has changed from 2010
ONLY IN CANADA Attention: Bankers, close your ears.. we don’t want you to hear this. Credit card balances, lines of credit, car loan, student loan, home reno loan, personal loan.. … Continue Reading Debt diversification vs Debt consolidation…who wins?