12 Months to Being Debt Free – August
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12 Months to Being Debt Free – August

If you’ve followed along since January, you’re now eight months into your debt free journey! But high interest could be holding you back from erasing all your debt before the curtain closes on 2016. Read on to find out what you can do to lower your interest payments and speed up your repayment timeline. Continue reading »

How Interest Rate Changes Affect Your Variable Rate Mortgage
Buying A Home / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Refinancing and Renewing / RSM News / Your Budget

How Interest Rate Changes Affect Your Variable Rate Mortgage

Fixed rate mortgages are pretty straightforward, but a variable rate mortgage depends on the Bank of Canada’s overnight lending rate. So what happens if that rate should change? Read on to find out! Continue reading »

CMHC Reports $14 Billion Mortgage Insurance Decline
Buying A Home / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing

CMHC Reports $14 Billion Mortgage Insurance Decline

The CMHC is the biggest provider of mortgage insurance in Canada, but recent efforts have focused on reducing their involvement with high-risk mortgages. The Crown Corporation reported $14-billion decline in insured mortgages in their 2014 annual report. Great news for taxpayers – but what does that mean for prospective borrowers? Continue reading »