I know we’re still into the end of Summer and it is still September – but October is not really far-off, which is Fire-Safety month. Here is a good overview on the subject of fire-safety (be sure to read all four (4) pages: http://www.consumerreports.org/cro/co-and-smoke-alarms/buying-guide.htm Here, also is a visual representation of overall fire-losses and their sources, as we’re all about Safety First:
A Reverse Mortgage – What Is It And Is It Right For You?
As the average age of our Canadian population gets older (currently Canada has over 5 million people over 65 yrs old)*, it is no doubt that you or your loved one may be faced with growing concerns about the ability to live life without financial constraints or difficulties.
Buying A Foreclosured Property
In Canada we have an extremely low foreclosure rate compared with other parts of the world. By most estimates we currently hover at around 0.30%. The US is closer to 1.2%, and Greece is hitting as high as 33%.
Credit our tightly regulated lending environment for that rate not rising past 0.40%, even during the 2009 economic crisis.
Penalties for Breaking a Mortgage Early – Big Bank vs. Non-Bank Lender
As discussed previously, when it comes to choosing a mortgage, it does not always come down to the rate.
The question I hear most people focus on these days is “What is your lowest rate?” Although the rate is important, it is just one aspect of a mortgage – there are other aspects of a mortgage that are just as important.