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Last week, I gave you some tips on mortgage calculators to use to determine how much money you could save if you break your mortgage and try to get one with a lower interest rate. This week, to continue the discussion, I’ll provide you with some online calculators that can help you find the best [...]
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Despite the recession, average home prices have been rising throughout the last decade. In contrast, wages have generally not kept pace with the rising cost of owning a home. The result has been that home buyers, particularly new home buyers, have been choosing longer amortization periods for their mortgage. Traditionally, Canadians have done 25-year amortization [...]
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You can be sitting at your rental apartment right now thinking about all the bills you have coming up in the next few days…Monthly rent, car loan, student loan, car insurance….Suddenly it dawns on you how rich you are making your landlord every month when you pay a big chunk of your pay check to [...]
