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How to achieve financial goals with your spouse Apr 4th
Shannon Jarrett and Marcin Duran are the original odd couple when it comes to reconciling their very different approaches to money management. Despite sharing a home and domestic life together (including two kids) in Hamilton, Ont., they’re by and large living separate financial lives. “We donâ€.... More »
Rising rates are good news for near-retirees seeking longevity insurance + MORE Jun 29th
For years, low interest rates have been a boon to borrowers but a curse to older investors wanting low-risk interest income options. Now, after a decade of minuscule rates, interest rates are starting to inch back up again: another 0.5% as of June 1st. That’s good for GIC investors (guaranteed inv.... More »
17 home insurance myths to stop believing now Nov 12th
Home insurance can be a tricky topic, and if you’re not reading the fine print, you could be relying on widely-held insurance myths to inform your coverage decisions. Let’s take a look at the home insurance myths and get the facts straight.
Get personalized quotes from Canada's top home i.... More »
Medical expenses that aren’t covered + MORE Jan 26th
Since 1998, the amount we pay for out-of-pocket medical expenses has increased by 46%. But many of us still overestimate the number of health-care products and services that are covered by health insurance, according to a recent Sun Life survey. Below are the top services that we have to contribute .... More »
The best credit cards for seniors + MORE Oct 31st
What are the best credit card for seniors in Canada? That was a question we recently received from a reader, and while credit cards are more about an individual’s unique spending habits and the benefits they find most useful in a credit card than age, we still thought we should help. With this in .... More »
Barbara Elizabeth Bessie Sproull Scott, 1927-2014
– macleans.ca
Barbara Elizabeth Bessie Sproull Scott was born on March 27, 1927, in Upper Hainesville, N.B., to Howard Wallace, a farmer, and May Wallace, a homemaker.
Bessie was the shy, soft-spoken baby of the family of four children, and she stuck like glue to her rambunctious older sister, Myrtle. Her childhood home was a farm in Maple Ridge, where her brother started a successful insurance business.
Bessie graduated in 1944 with a diploma from the New Brunswick Garment Making Course and, later, qualified as a public school teacher. In 1946, she took a job at a little schoolhouse near Millville, N.B., near a farm owned by the family of a tall, sweet-natured man named Cecil Sproull, who was two years older than she. By then, she had grown into a pretty young woman with striking dark hair. The pair began to spend time together, and planned to marry on Dec. 24, 1946.
It was snowing hard that day, and the minister, travelling by horse and sleigh, was stymied by the storm. The guests were getting hungry, so the couple made a quick change of plans and held the reception before the ceremony…
Changes on US-backed home loans should help first-time buyers, but financing hurdles remain
– canadianbusiness.com
Uncle Sam wants to make it more affordable for Americans to buy their first home.
The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance.
The changes centre on the Federal Housing Administration and mortgage giants Fannie Mae and Freddie Mac.
Last week, the Obama administration announced that the premium that borrowers with an FHA-backed home loan must pay for mortgage insurance will be dropped to 0.85 per cent from 1.35 per cent by the end of this month.
The move is estimated to save the average homebuyer $900 a year, as well as help save money for homeowners looking to refinance their mortgage.
That followed an announcement last month that Fannie Mae and Freddie Mac, which buy home loans from lenders and then package them as securities to be sold to investors, would be adopting new guidelines on down payments.
Specifically, the change would enable some borrowers to buy a home with a down payment as low as 3 per cent, down from a minimum of 5 per cent…
The recent policy changes affect government-backed home loans and could make it less costly for first-time buyers to come up with a down payment or to afford private mortgage insurance.
The changes centre on the Federal Housing Administration and mortgage giants Fannie Mae and Freddie Mac.
Last week, the Obama administration announced that the premium that borrowers with an FHA-backed home loan must pay for mortgage insurance will be dropped to 0.85 per cent from 1.35 per cent by the end of this month.
The move is estimated to save the average homebuyer $900 a year, as well as help save money for homeowners looking to refinance their mortgage.
That followed an announcement last month that Fannie Mae and Freddie Mac, which buy home loans from lenders and then package them as securities to be sold to investors, would be adopting new guidelines on down payments.
Specifically, the change would enable some borrowers to buy a home with a down payment as low as 3 per cent, down from a minimum of 5 per cent…
