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Manulife Vitality Program May 31st
Introduction
Welcome to our latest blog article. Today we are looking at a Health and Wellness program called Vitality®, which can now be obtained when individuals or families purchase certain Manulife personal or group insurance plans.
This Vitality program can be used as an aid to improving heal.... More »
American Express Cobalt review + MORE Dec 15th
If you know you want an American Express credit card, you’ve probably been referred to the Cobalt credit card. The Cobalt combines high earn rates for everyday purchases with a great insurance package and the ability to put points towards travel for high value. In this American Express Cobalt revi.... More »
Export Development Canada to pay $969M dividend to federal government + MORE Apr 5th
OTTAWA _ Export Development Canada is paying a $969-million dividend to the federal government this year.
The payment compares with a dividend of $786 million the agency paid last year and $500 million paid in 2016.
EDC generates revenue primarily from interest on loans, fees on its guarantee produc.... More »
Common Life Insurance Mistakes to Avoid Mar 27th
Shopping for a life insurance plan that fits your particular situation can be a daunting task. There are many companies that offer life insurance and each company has pros and cons.
There are also different types of life plans with many different options.
In addition, mistakes can be made when enrol.... More »
The best life insurance in Canada for 2023: Your complete guide Aug 16th
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Best life insurance in Canada for 2023
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Investor sentiment worsens to levels not seen since crisis
– moneysense.ca
TORONTO – One of Canada’s biggest insurance and financial services companies says nervousness among Canadian investors has risen to levels not seen since the financial crisis.Manulife Financial (TSX:MFC) says that Canadian investors have lost confidence in mutual funds, exchange-traded funds and balanced mutual funds over the past six months.
It also suggests that housing is seen as a less attractive investment, while confidence in fixed income investments has stayed about the same.
The report is based on Manulife’s semi-annual index of investor sentiment, which dropped to 16 in December from 19 last May.
Investors: Don’t do dumb stuff when it gets hard »
The index is based on investor views on a range of asset classes as well as their confidence in these areas.
Regionally, investors in Ontario and the Atlantic provinces were the most optimistic with a score of 20, while Quebec ranked lowest at nine. Alberta was second lowest at 14.
The skittishness among investors comes as stock markets have taken a beating and Canadians head toward the RRSP contribution deadline on Feb…
Hunting for a lower mortgage rate could cost you
– moneysense.ca
OTTAWA – Homebuyers tend to shop around for the best mortgage rate they can find when first purchasing a property.
But when renewal time comes around, chasing the best rate might not save enough to offset the costs of moving lenders.
Frank Napolitano of Mortgage Brokers Ottawa says the cost of moving a mortgage at renewal time will depend on the type it is.
For example, on a standard mortgage, the costs of moving may be minimal and the lender who is taking over the loan may be willing to absorb them.
However, on a collateral mortgage, the fees will be more.
Documents required to get the best mortgage rate »
A standard mortgage is registered for the actual amount of the loan, while a collateral mortgage allows a home to be used as security for more than one loan. The downside is that changing lenders with a collateral mortgage entails paying both discharge fees and new registration fees.
“With a collateral mortgage you can’t just move the mortgage from one institution to another without incurring either legal fees or title insurance fees,” Napolitano says…
But when renewal time comes around, chasing the best rate might not save enough to offset the costs of moving lenders.
Frank Napolitano of Mortgage Brokers Ottawa says the cost of moving a mortgage at renewal time will depend on the type it is.
For example, on a standard mortgage, the costs of moving may be minimal and the lender who is taking over the loan may be willing to absorb them.
However, on a collateral mortgage, the fees will be more.
Documents required to get the best mortgage rate »
A standard mortgage is registered for the actual amount of the loan, while a collateral mortgage allows a home to be used as security for more than one loan. The downside is that changing lenders with a collateral mortgage entails paying both discharge fees and new registration fees.
“With a collateral mortgage you can’t just move the mortgage from one institution to another without incurring either legal fees or title insurance fees,” Napolitano says…
