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A refinance story
A refinance story After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit card usage , a client called me asking for some financial advise. Their goal was to recuperate their financial stability, to stop accumulating debt with…
Bank of Canada raises interest rate to 0.75%
Bank of Canada raises interest rate to 0.75% from 0.5% This increase is applied directly to the overnight key lending rate. This means that the Bank of Canada feels that our economy is strong. Strong economic trade and a bit higher inflation are expected throughout the country, so the Bank of Canada finds the need…
RRSP deadline approaching
RRSP deadline is approaching and with that the opportunity to receive a higher tax return after filing your taxes, return that you can use towards the down payment to purchase your home when you are a first-time homebuyer. Don’t miss this opportunity. If you are currently employed and renting you should pay special interest in this…
Mortgage rates are going up despasito
In the past couple of weeks since the Bank of Canada publicly increased the interest rate to 0.75% from 0.50%, we have been notified of by our numerous lenders that their mortgage rates are going up “despasito”, (slowly). The increase have affected immediately to those borrowers who had a variable rate mortgage, and then to…
Refinance credit card debt with an equity line of credit
How to refinance credit cards? Most credit cards grant credit without having an estate as collateral, then, the risk offered by the borrower is high, as a consequence the interest rates are high too. Equity lines of credit require an estate as collateral, then the risk offered by the borrower is low, as a consequence…
Saved for closure story – Ms. Castor
Saved for closure story – Ms. Castor As in the story below, “Reverse Mortgage” can assist seniors 55+ keep and better what they have been able to amount in wealth with so many efforts throughout their life, providing a peace of mind, no hassles, just as they prefer it. Read the story here and then…


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