Credit cards as a method of payment, are more popular among Canadians than ever. In fact, a recent survey by the Bank of Canada reported that credit card use was on the rise… 1,225 more words
Tags » Mortgage Default
The door is closing on one of the last remaining forms of 100% financing. On June 30, insurers are banning cash-back down payment mortgages.
Only a handful of lenders still market these products, and they’re all provincially regulated credit unions. 200 more words
Many mortgage holders in Canada have very little financial cushion and could be in trouble if rates rose or they lost a job, according to a new survey. 405 more words
The money can be plentiful, relatively easy to get, and hard to resist.
A home equity line of credit can help improve your living circumstances and possibly lead to financial gain. 1,070 more words
The national lust for home equity lines of credit: should we worry? Low interest rates. High credit limits. Lines of credit can turn your home into an ATM
Murad Ali and Arsheen Haji live large thanks to easy access to their home equity lines of credit, joining the many Canadians succumbing to the same temptation. 899 more words