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Sunday, July 24th, 2016

Couple in 50s dreams of a holiday home in the sun – Consult with a Vancouver Mortgage Broker

Lana and Zack’s story is an increasingly familiar one: people in their 50s with well paid but stressful jobs who can barely wait to leave the work force. He is 51, she is 50. They own their house outright and have no debt. “We are eagerly working toward what we hope will be early retirement,” […]

Pre-retirement Canadians no longer rushing to repay mortgage debt – Ask a Vancouver Mortgage Broker

April 12, 2014 by  
Filed under Recent News

DAVID ISRAELSON- Special to The Globe and Mail Looking forward to those sunset years when you can put your feet up and burn your mortgage? Peter Veselinovich notices that a lot of people are quietly putting away their matches. The traditional mortgage market, where younger Canadians scrimp and sacrifice in the expectation that they’ll be paid […]

Work longer but work smarter – Consult with a Vancouver Mortgage Broker

For most of us, the concept of retiring at 55 is dead. It is dead because many would struggle to finance a retirement that will last 30 plus years, but also dead because many people are realizing that they don’t actually want to be retired for 30 years. Since 1975, the average number of years […]

3 surprising money resolutions everyone should make in 2014 – Ask a, Vancouver Mortgage Broker

Yes, you should stick to your budget, save more, and fully fund your retirement account. But you already know that. Jonathan Clements, director of financial education for Citi Personal Wealth Management, suggests moving past the obvious and committing to these three counterintuitive money resolutions in 2014. Your wallet will thank you. Stop trying to “save […]

Are You Using Your Home for your Retirement Income? – Ask a Vancouver Mortgage Broker

Are You Using Your Home for your Retirement Income Many people who bought a home use to expect that they would pay off their mortgage before they retired and would apply that equity to fund their retirement. Surprisingly, for many people, especially for those who are in the 50 plus age bracket, this is not going to […]

Will you fund your retirement through home equity? – Consult with a Vancouver Mortgage Broker

Will you fund your retirement through home equity? Are you one of the many Canadians who did not make a contribution to your RRSP ahead of the March 1 deadline? Is it because you are bogged down by other debt, perhaps a hefty mortgage? While it’s become harder for first-time home buyers to get into […]

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker Back in the old days, most people had planned to pay off their mortgage before they retired. Times have definitely changed and if anything the reverse seems true in today’s climate. The baby boomers could be facing some rough waters ahead […]

34, mortgage and debt free: Here’s how

Over the past 18 months Moneyville has followed my early retirement journey which started as a dream to retire when I was 45. I’ve been working hard over the past few years to make the dream come true and I’ve managed to bring the target down to Freedom 42, just eight years from now. I’m […]

2 Out of 3 Don’t Shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. Manulife recently surveyed 1,000 Canadian homeowners between the ages of 30 to 59. Among respondents with a mortgage, two-thirds (65%) did not […]

Should you tackle your small or large debts first?

KATHERINE SCARROW Globe and Mail Update When it comes to tackling debt, logic isn’t always at the forefront of our decision-making. According to a new research study, consumers routinely mismanage multiple debts, paying off small debts first even when larger debts have higher interest rates. “People want to wipe the books clean,” says Scott Rick […]

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