When considering your physical health it may be your weight or your cholesterol level. When it comes to gauging your financial health, no figure is more important than your credit score! Unlike your weight, everyone from lenders to landlords to car dealers will know and evaluate that number if you want credit. It is used […]
Which 3 Digit Number is the Most Important in Your Life Read More »
BC homeowners, particularly those in the Lower Mainland, are experiencing a bit of sticker shock after collecting their mail this week, with many discovering their single family homes have climbed 30 to 50 per cent in assessed values over last year. https://www.youtube.com/watch?v=ySzljb4I-gY While the relationship between property assessments and property taxes is for another day,
Suffering from a Case of Property Assessment Sticker Shock? Read More »
When you’re hungry in the middle of the workday, temptation calls and you end up feeding from the snack machine, the drive-thru burger joint around the corner, or the pricey cafeteria. While these stops can work in a pinch when you have nothing prepared, it’s ï¬nancially unwise to eat out for lunch everyday when you
Brown-Bagging Your Lunch Read More »
It’s the new year and the last thing you want to think about now is Christmas, but January happens to be the best time of the entire year to stock up on your supplies for Christmas. Everything “Christmas†goes on sale by retailers big and small. You can easily spend less than half what you
Stockpiling on Christmas Items Read More »
How many light bulbs do you use in your home in one month? How much do these cost? What about your energy bill; what does that look like? When you think about it, your light bulbs may be burning up unnecessary energy and a lot of your hard earned cash! Replacing your old, incandescent light
Are Light Bulbs Burning Unnecessary Energy…And Your Hard Earned Cash? Read More »
If you’re planning a vacation and have heard horror stories about the risks – and consequences – of identity theft, you may be a little feeling a little anxious. Although you’re right to be concerned about identity theft, once you know about some preventative steps you can take before, during, and after your travel, you’ll see that you can have
Avoiding Identity Theft While On the Road Read More »
The amount of mortgage you may qualify for depends on two things: income and the amount of debt you are carrying. Financial institutions use two different ratios to measure your borrowing ability. The first is your Gross Debt Service Ratio (GDSR). The second is your Total Debt Service Ratio (TDSR). Gross Debt Service Ratio Gross
Measure Your Borrowing Ability: Debt Service Ratios Read More »
Traditionally, the minimum amount of down payment required to purchase a home has been 5% of the purchase price. Recent innovations in Mortgage Loan Insurance have allowed lenders to give home buyers the opportunity to cover the requisite down payment by borrowing the funds from an alternate credit source such as personal line of credit
Understanding Equity Read More »
A down payment is the amount you can immediately contribute towards the cost of your home purchase. Since most people do not have enough savings to purchase a home outright, the gap between your down payment and the purchase price of your home is made up with a mortgage loan. Down Payment + Mortgage Loan
The Lowdown on Down Payments Read More »
