If your debt is piling up – credit cards, store cards, car and loan payments– then the interest that you’re paying could be standing in the way of your financial security. If interest rates go up, it could get a lot worse. The good news is that Canadian homeowners have a great option: debt consolidation. […]
When your mortgage application is being considered, your lender will look at your credit habits: do you pay your bills on time? Do you tend to get over-extended on your credit card? These habits are reflected in your credit rating. In order for your lender to assess your borrowing profile, you’ll need two revolving sources […]
There is a real difference between good debt and bad debt! When you borrow money to make a purchase that will last and has value it would be considered “good debt”. Two examples would be borrowing money for a mortgage, something that builds equity as the years go by or contributing to your RRSP. All […]
Drowning in Debt? Avoid Bankruptcy or Proposal! If you live in the Durham Region or Oshawa specifically and have too much debt to refinance under the new Mortgage guide lines, you need to contact my office. We have an investor willing to offer you a Rent to Own Refinance. Realtors if you have a client […]
Here’s what you pay in interest! Excerpt from Moneyville article: The interest charges on amounts owing each month is 19.99 per cent. My balance was $3,489.29 and if I didn’t use the card going forward and paid only the monthly minimum of $34, it would take me 20 years and 11 months to pay it […]
Know Your Rights! There are rules for collecting debt in Canada and you need to know what they are to protect yourself. CBC News has published a great article that I would like to share if you find your self in this situation.