Reverse Mortgages - Is It A Good Idea For You?
Reverse mortgages are one of the largest growth areas in the mortgage business. These mortgages offer older people the chance to get cash based on the equity they have in their homes or condos. When the reverse type of mortgages are used, the lender pays the home owner an agreed upon rate. The ... more...

Figuring Out the Ever Nebulous Numbers Called "Credit Scores"
Credit Score FactorsThe information contained on our credit reports affect every aspect of our lives; including employment, insurance, and even interest rates (mortgage, credit cards, automobiles, etc.). There is specific information captured on our report which is used to form our credit score: ... more...

Payday Loans The Legal Loan Sharking Industry
Laws have been created to protect people against "Loan Shark" practices in which short-term loans are given out at excessive interest rates. There is an industry that has come of age the last couple of years that has circumvented these laws. Enter the Payday loan industry.Payday loans is a ... more...

Credit Score An Introduction
There's a lot of confusing information about credit scores out there. There are people out there who believe that they dont have a credit score and many who think that their credit score doesnt count for much. Your credit score can spoil your chances of getting some jobs, of good interest rates ... more...

Loan Basics
There is more than one type of loan. Depending upon your situation, you might find that what works in one circumstance does not work in another. This means that it is very important for you to educate yourself about different kinds of loans so that you are more prepared when you speak with a ... more...

Fixing Health Care
The cost of health insurance continues to climb unabated. As the number of uninsured in America swells to 45 million people, many look to our political leaders for answers and relief.Presidential campaign rhetoric about how to control skyrocketing health care costs provides only short-term ... more...

Credit Score: The Brightest Feather In Your Financial Cap
Credit scores are the most important aspect that determines your financial future. Carrying a good credit score is an asset and can pave your future towards greener pastures. On the other hand a negative marking on your credit report can be ruinous for your future dreams. However, "There Isnt Much ... more...

What Does Your Credit Say About You?
A credit report is more than just a snapshot of your financial picture; it can assist credit grantors in determining your overall risk factor. Additionally, lenders, credit grantors, and even human resource departments often use it as a tool to determine a persons character.When applying for a ... more...

Pros and Cons of Credit Cards
Credit cards are very convenient. Theres no need to carry any cash; you can just take a credit card with you to the shop and charge for your shopping.When you shop on the Internet or over the phone, its the only good way to make purchases online. This is more convenient than posting a cheque for ... more...

Payday Loans: Why They Are Bad and How to Make the Best of Them
Almost everywhere you look these days you can find advertisements for payday loans. And like other financial products, you can usually conclude that the more a product is advertised, the higher the profit margins it provides for the seller.Pay Day loans come under the guise of a variety of titles ... more...

Tax & Financial Impacts of Divorce: 10 Mistakes to Avoid
Divorce is something no one hopes will happen to them when they get married. Unfortunately, almost half of all marriages end in divorce. Since few people have pre-nuptial agreements, most divorces involve often bitter tangles over children, money, and assets. When it comes to the tax and ... more...

Guide to Loan Terms
Listed below is a guide to loan terms. It is a useful list of definitions of loan terms that may or may not be familiar to you. Keep it nearby as you will never know when you might need it for quick reference.AccrueProcess in which interest accumulates on a borrower's loan.AmortizationA repayment ... more...

Guide to Remortgages
Here is a useful guide to remortgages. What is a remortgage? A remortgage is when the terms of the original mortgage are renegotiated, and usually means that the borrower increases the amount that they are borrowing, which is often possible due to a rise in the value of the property.A remortgage is ... more...

Make Sure Your Credit Report Works For You
You just filled out a mountain of loan application forms. Now, you wait for a call from the loan officer. You feel confident; loan applications have never been a problem for you. The phone rings and your loan officer says, there's a problem with your credit report. Your frustration increases ... more...

Selling of Real Estate by Non-Residents of Canada
As I deal routinely with non-resident investors wanting to sell Canadian real estate assets, I would like to shed some light on this otherwise somewhat arcane subject. DISCLAIMER: please note that the following essay is presented solely for general information purposes, it is not intended to be ... more...