Interested in learning more about property mortgages in Canada? Look no further!
Latest News
What’s the best way of using your home equity during retirement? + MORE Nov 10th
Mortgages in Canada can be a murky subject - one that we hope to shed some light on with a series of highly informational articles.
High Mortgage Volumes Helped Drive Q3 Results for First National And Equitable Bank - canadianmortgagetrends.comStrong mortgage volumes throughout the year helpe.... More »
Thinking of a private mortgage? Here’s what lenders want to see + MORE May 9th
Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can m.... More »
Mortgage rates under 5%? They’re coming back as lenders slash fixed rates + MORE Dec 7th
For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option..... More »
Should you pay off your mortgage early? + MORE Dec 17th
Let’s face it, we all dream of a debt-free life, and paying off your mortgage can be a big part of that. Even if it’s a distant goal, it’s fun to imagine the financial freedom that comes with settling one of life’s biggest loans—your mortgage.
You’re 2 minutes away from getting the be.... More »
Tapping into Lower Interest Rates: Does Renewing Your Mortgage Early Save You Money? Jul 22nd
Late last year, many had forecasted that the Bank of Canada might cut interest rates in 2020. However, no one could have foreseen just how low-interest rates were about to plummet in the coming months.
Canada’s COVID-19 lockdown led to a sharp rise in unemployment, causing the Bank of Canada to s.... More »
Top 5 Ways to Pay for School
– macleans.ca
Looking into a post-secondary education for the first time can be pretty overwhelming, and figuring out how you’ll pay for it all can add extra stress. To help, here are five options to keep in mind while going through the process.
TIP: Apply for everything you qualify for! Check scholarshipscanada.com and yconic.com.
TIP: Find out if your parents are helping you out. They may have an RESP or other savings.
Figure out how much you need to pay for school with the RBC Student Budget Calculator
TIP: Learn more at canlearn.ca.
TIP: Look for job sites catered to students and new grads such as TalentEgg and jobpostings.ca.
TIP: Check out how the RBC Student Line of Credit could help you.
For year-round student finance tips, check out the RBC Student Solutions Hub.
® / ™ Trademark(s) of Royal Bank of Canada.
Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions and restrictions apply.
The post Top 5 Ways to Pay for School appeared first on Macleans…
How life insurance can protect from debt risks
– moneysense.ca
Q: Our 19-year-old son has been accepted into an aviation program. The cost of the program is $100,000. Government Student Loan funding is not enough to cover the program cost, therefore we looked into a student line of credit. Unfortunately, a pilot was not listed as a profession that would get approval for a $100,000 student line of credit; the only option was to use our own personal line of credit.
In order to protect ourselves financially in case something happens to our son, I would like to purchase life insurance but I’m not sure what type of life insurance and if disability insurance is also needed. Once his debit is paid off I would like to see him continue with the life insurance policy so he has coverage if he decides to start a family. Would he be able to increase the policy coverage? Or is it in his best financial interest to incorporate future costs now?
—Diana
A: Diana, this is a great question. This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance…
The Latest in Mortgage News – New Era, New Choices
– canadianmortgagetrends.com
Here’s our latest recap of Canadian mortgage and real estate news. This week we look at: The latest housing affordability report, which came out with fairly predictable results How the post-OSFI stress test bump in business for credit unions may not be materializing What HomEquity’s 2017 originations data says about the trend towards reverse mortgages […]
