Tag Archives: Mortgage Debt

If you’re like many people, a mortgage is the biggest financial commitment you will make in your life. Because it is such a big obligation, it is important to understand how mortgages work. Let’s start by looking at the concept of amortization. Mortgage amortization refers the length of time it… Read more

Is it possible to have a mortgage that is simply too large? Here is the conventional wisdom: Buy as big a house as you can afford, because long-term house prices always go up, so you can’t lose. or It’s okay to take out a bigger mortgage to increase your leverage,… Read more

Buying a home is the single largest financial investment most of us take in our life. Over the past number of years, we have becoming very used to low mortgage rates. Some younger Canadians know nothing but low rates, but low rates haven’t always been the norm. Remember the 80’s?… Read more

I’m a big fan of small houses. When I say small, I’m not talking about shoebox small, micro home small or even little pink houses (for you and me) small. I’m talking about what I like to call comfortably small, especially when compared to the 3,000 plus square feet McMansions… Read more

This is a guest post by the experts at Ratehub.ca When you need money to consolidate debt or renovate debt, sometimes a home equity line of credit (HELOC) can come in handy. A HELOC is a loan that’s secured by the equity in your home. The equity refers to the… Read more

“Have you ever wondered if your sole purpose in life is to serve as a warning to others?!” – Unknown Sometimes I think that there is more to be learned from other people’s mistakes than their successes, and so, for this post, I thought I would share my own journey… Read more

As soon as you start talking about debt there are people who want to make a distinction between “good” and “bad” debt. It’s as if they feel the need to justify the debt they’ve taken on by labeling it “good.” Hey, it’s true that if you take on debt to… Read more

Moneyproblems.ca is about finding experts who can help you manage your way out of debt problems with great information and advice. Today we bring you a guest article from the experts at Ratehub.ca. If you’re planning on buying a home, but are unsure about how large your mortgage should be and what it costs to run… Read more

Debt is a fact of life. While we talk about living debt-free the truth is most people will at some point in their lives carry some form, or several forms, of credit. The trick to keeping your debt under control is to learn to borrow, and repay loans, wisely. Here… Read more

In my practice I see a lot of older Canadians finding themselves facing debt problems they never expected to face in their senior years. In fact, debt among seniors is a growing trend, something to be concerned about. So when I first heard of reverse mortgages (quite a few years ago) my… Read more