The Government announced on January 17th that they will be making changes to their government backed mortgages. Namely, any mortgage that has less than 20% as a downpayment (with a few exceptions). The changes are very ... Read More
New Mortgage Rules Start Today
The new mortgage rules that the Federal Government has imposed take effect today. Here are the new rules and how they may affect you: 1. Qualifying rates have changed for variable rates and fixed rates with terms of 1-4 ... Read More
Good and Bad Debt – Is There a Difference?
Not all debt is created equally. Let's face it, debt is not something we desire to have but there is a difference between the good and bad and it lies in how it can hurt or help you reach your financial ... Read More
New Mortgage Rules: A breakdown of what they are & what they mean to you
Minister of Finance, Jim Flaherty announced 3 new mortgage rules to take effect on April 19, 2010. Keep in mind that these apply to Government backed mortgages - CMHC insured. Here are the rules which are excerpts from the ... Read More
Debt Consolidation
Considering consolidating your debt? Here are a few things that may help you... Spring Cleaning Debt Consolidation - PDF ... Read More