Mortgage Zombies?

According to Moolala author Bruce Sellery, going back to your bank for a mortgage, primarily because you’ve been a customer “forever,” is “zombie behaviour.” Sellery made the comments during a Lang & O’Leary Exchange appearance Monday. “A lot of people would say it’s loyalty. I would say it’s lazy,” he adds. Sellery offered up this guidance on picking your next […]

New investment hot spots emerge

Two B.C. cities are tops on a list of Canada’s investment hot spots, according to a recent report from Business Review Canada. The review broke down Canada’s regional economies by province, and then dug deeper to find emerging markets in small to mid-size communities ripe with opportunity for investors. When the dust had settled, the […]

45% of Canadians unprepared for emergency spending

CTVNews.ca Staff Published Monday, Aug. 13, 2012 8:15AM EDT Last Updated Monday, Aug. 13, 2012 5:31PM EDT A new poll for one of Canada‘s biggest banks reveals many Canadians don’t have a reserve fund set aside to cover unexpected emergency expenses. According to the poll conducted for CIBC, 45 per cent of Canadians have no […]

Class Action Related to Vancouver Home Mortgage Contracts

Class Action Related to Vancouver Home Mortgage Contracts One the primary reasons for consumer complaints against prepayment penalties is that most people simply don’t understand them. This case may help shine light on exactly how calculations for prepayment penalties are performed. Specifically, the allegations are that penalties were calculated improperly for clients who violated their mortgage contracts […]

ING Direct Canada May be Sold- What will happen to Vancouver Home Mortgages Underwritten by ING?

ING Direct Canada May be Sold According to some sources, ING Direct Canada (ING), the top ranking online bank brand in the country may be up for sale. The question for many people in British Columbia has become, what will happen to Vancouver home mortgages underwritten by ING? This potential sale is not due to […]

The HELOC Clock Starts Ticking

If you want a HELOC orreadvanceable mortgageequalling 66%-80% of your home value, be ready to act soon. We’re hearing that some banks may start cutting back on their HELOC lending limits by the end of this month. These moves relate to OSFI’s new B-20 underwriting guidelines, which require federally regulated lenders to limit new HELOCs to 65% loan-to-value (LTV), from 80% […]

Ask a Vancouver Mortgage Broker for Latest Insurance Trends

Mortgage Insurance Trends For those interested in how the mortgage industry works, you could always ask a Vancouver mortgage broker. Otherwise, you might want to check out the quarterly reports and earnings calls for Genworth MI Canada. According to Genworth, new government restrictions will have an impact on the mortgage insurance market; the market will […]

Why Your Trusted Mortgage Broker in Vancouver May Recommend a Shorter Amortization Period

Why Your Trusted Mortgage Broker in Vancouver May Recommend a Shorter Amortization Period Before new rules decreased the maximum amortization period on default insured mortgages from 30 years to 25, (and maybe surprisingly), there were still people choosing amortization periods less than the newly mandated maximum. While attitudes regarding homeownership have changed over the last […]

7 Deadly Money Sins That Can Wreck Your Credit

By Gina Roberts-Grey Learnvest.com Religion aside, we’ve all heard of the seven deadly sins. Working at a personal finance website as we do, we got to thinking about what the seven deadly money sins would look like: Gluttony: Trying to eat your money. Lust: Sleeping with your neighbor’s bank account. Sloth: Napping all day on your […]

Ten Reasons Winners Keep Winning, Aside From Skill

Whether the game involves competing every four years in the Olympics or every day in a business, winning brings advantages that make it easier to keep winning. To understand sustainable success, I compared perpetual winners with long-term losers in professional and amateur sports and then matched the findings to business case studies for my book Confidence. […]

« Previous Page — Next Page »