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Canada Mortgage Trends for 2012

Canadians waited all year in 2011 for Mark Carney to announce that the Bank of Canada’s overnight lending rate was going to be raised from the historic lows it had sat at for the last six months. Those six months extended to eighteen months, until the most recent announcement from Mr. Carney in January, stating […]

Understanding HELOC Rates

If you take out a HELOC (home equity line of credit,) you’re going to need to know what rate you’re paying on the loan, and how that will affect your payments. Many times homeowners consider getting a HELOC knowing that only the interest will be due every month. Yet they don’t know what interest rate […]

When is it the Right Time for Mortgage Refinancing?

Lots of homeowners have heard about mortgage refinancing, and how it can save them thousands of dollars on their mortgage every year. But if you’re not careful, or if you do it at the wrong time, mortgage refinancing might not be the cost-saving option you thought it would be; and it could even end up […]

What’s the Difference between an Unsecured and Secured Line of Credit?

When many homeowners or business owners need to borrow money, either for emergencies or to help with routine expenses, one of the first forms of loans they consider are lines of credit. And when they start shopping around for different loans, they quickly find out there are two different types: unsecured and secured lines of […]

Buying Affordable Long Term Care Insurance

Many people associate long term care insurance with the word expensive because of ongoing reports that concern high annual premiums. Truth is, everyone has a choice not to spend on a premium which is beyond his budget and this is by going for an affordable coverage, such as those offered by partnership long term care […]