Archive for May, 2012

Imagine Using your mortgage to lower your debt… “Where the heck does it all go?” You’re looking at your T4 slip from last year… or maybe your most recent pay stub. Sure, many people wish that those numbers after the dollar sign were a little higher, but it’s the vanishing act that alarms you most. […]

Read more...

What is the OSFI and why should I care? Unless you’re close to the financial industry, you may not be aware of what’s going on behind the scenes. The (OSFI) Office of the Superintendent of Financial Institutions, is an independent agency of the Government of Canada reporting to the Minister of Finance created “to contribute to public confidence in the […]

Read more...

Everyone Knows This – Don’t They? Great question from Mike in North Vancouver Go ahead and watch! Received a Great Question last week from Mike in North Vancouver. He asked “How can I be sure I’m getting the best rate at mortgage renewal time”? Well Mike, that’s a Great question AND I commend you for […]

Read more...

Imagine being pre-approved for a mortgage, finding the home of your dreams, then realizing that you don’t have enough cash for the deposit. Yikes!! Make sure you don’t do this when you buy your next home. Everything was going along very smoothly until her realtor asked her for a $5,000 deposit. If using RRSP as […]

Read more...

Yikes, I really pissed the Banks off with this one… As you probably know, Banks hesitate Dealing with retired individuals whose income may not be the best. Try getting a mortgage after you retire. Well, I pride myself on specializing in helping retired clients get the mortgage they deserve. In fact I’ve even Helped My […]

Read more...

As you may or may not know, because of recent concerns, CMHC has been placed under the supervision of the Office of the Superintendent of Financial Institutions. I found the following article by Garry Marr of the Financial Post quite interesting – With Canada’s dominant mortgage insurer running up against its massive coverage limit, the […]

Read more...

My rant for today – I just read a ‘Story’ here by Terry Campbell, the president of the Canadian Bankers Association, titled ‘The Real Story on Those Canadian Bank ‘Bailouts’. A classic spin from a banker, to say the least, especially this line – In order to make loans, banks need to first raise the […]

Read more...

How do you create a Refund from a Refund? And that’s NOT a trick question. As you know, it’s tax time. In fact, the tax deadline has just come and gone. There are some lucky ones out there who are expecting a refund. The question is, what should you do with it? Paying off high […]

Read more...