Despite the effects of the current onslaught from inflation and ever-increasing prices, the basic concept of budgeting hasn’t changed. Dividing up your money into little piles for the various things you need (and want) doesn’t seem like such a difficult process, so why is a budget so hard to put into practice? The simple answer is that no matter how […]
When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. Thereby allowing you to […]
If you have had to declare bankruptcy, you may be wondering what is next. Bankruptcy is not a financial death sentence. In fact, there are a few things you can do after declaring bankruptcy to help reset your financial status and get a mortgage in the future. While there is no wait requirement to apply for a mortgage after bankruptcy, […]
It’s natural to have uneasiness over the state of your retirement preparedness due to the inherent uncertainties involved: How long will I live? Will my health or my spouse’s health fail? and when? How much will my current assets and investments grow in value? How will inflation impact the next 5, 10 or 20 years? There is no shortage of […]
According to a recent study by Angus Reid, Seven-in-Ten Canadians say money is a source of stress1.You may feel the pressure of the current economic circumstances, such as rising inflation, which makes it more challenging to maintain your standard of living. More Canadians are becoming stressed about their financial situation, from increasing expenses such as out-of-pocket health care and home […]