Tags » Mortgage Debt

Don't be Debt Free... and BROKE!

My new book will be available soon… Do you ever wonder why banks own all the big buildings and we own all the little ones? 89 more words


Case Study #1 - Avoiding Repossession

Case Study #1

Through a totally unrelated piece of business i happened to be talking to a client who told me that they wanted to… 342 more words

Property Debt

Borrowing your way out of debt - another fatal financial misconception

Exchanging one form of debt for another is a fatal financial decision.  You cannot borrow your way out of debt, period.

I just heard another commercial from an area mortgage lender encouraging home owners to refinance their homes and take out equity to payoff credit card debt. 

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Credit Card Debt

Affordability Is Not Absolute

The Fraser Institute recently pointed out that Canadian personal debt is at an all time high.  Mortgage debt alone is $1.23 trillion.

While that number is likely accurate, the issue of debt is a complex one and the insinuation that a high number is bad can be misleading.  514 more words

Don Shaughnessy

Household debt is rising in Canada

Statistics Canada regularly publishes the ratio of total household debt to disposable income. Since this ratio has been steadily rising, its publication alarms and reminds Canadians the extent to which they are in debt relative to their incomes available for spending and saving. 1,399 more words

Liar loans helping to inflate hot housing markets, experts say

A number of mortgage brokers who are accused of committing fraud to secure home loans for customers in Ontario are still actively operating, says the head of the lending company that extended them the money. 582 more words