10 Best Ways to Improve Credit Score Quickly Canadians are borrowers. It’s just a fact. The generation of today is borrowing like there is no tomorrow – and it continues to heighten, even with interest rates on the rise. We’re using credit cards, lines of credit, OACs, payment plans, and every other borrowing instrument to get our hands on some goodies. Eventually, it catches up to you and … Read More
7 Types of Mortgages for First Time Home Buyers Mortgage debt remains one of Canada’s biggest debt problems – the average mortgage debt is inching towards $300,000. Thanks to years of historically low interest rates, easy access to credit, and cheap money, many families, from Vancouver to Toronto Montreal, have dipped their toes in the housing market. Unfortunately for a great percentage of these households, they’re house-rich and cash-poor … Read More
6 High-Reward & Risk-Free Investment Strategies Different types of investment strategies yield different levels of return depending on the risk of that particular investment. There are some low-risk options you can invest in to get a reasonable profit. Most of these investments tend to yield very low returns. For instance, a 10-year U.S. Treasuries pay a dismal 2% while 30-year treasuries only pay 2.5%. These returns … Read More
7 Best Financing Options for a Business Franchise A business franchise is a great investment, because you get the independence and flexibility of owning a small business, while offering the infrastructure and support of a large corporation. Having said that, it takes a lot of capital to open a business franchise. You’ll often need to come up with a big franchise fee along with ongoing advertising costs and … Read More
5 Best Ways to Exchange Currency Locally As an individual or business who regularly exchanges currency, or is planning to, you should know that there is significant risk associated with currency exchange. Currency rates fluctuate nearly every day, which means that you may gain or lose money when you exchange currency. Of course, it’s amazing when you gain money on a currency exchange, but you definitely want … Read More
5 Types of Financial Risks That Businesses Face When you’re starting out or expanding your business and need to take out a small business loan, there are a few things you will need to consider, aside from how much and from who to borrow. You will also need to think about your financial risk and business risk. Financial risk is the company’s ability to manage its financial leverage … Read More
5 Tips Before You Buy a New Home Buying a new home is an exciting time, but it’s important not to make any quick decisions. Because your home is such a notable investment, the last thing you want is to be forced into making repairs after you move in. Looking for the right things ahead of time can help you avoid making expensive mistakes. These five suggestions will … Read More
What is the Debt-To-Equity Ratio? Definitions, Calculations, and Examples Inside Fiscal health plays a major role in the long-term success of any business. An enterprise taking in less money than it spends won’t last long. Borrowing becomes one way to keep a business afloat during high-spending quarters. Eventually, owing money catches up with a business just like it catches up with households. Keeping a careful eye on a debt-to-equity ratio … Read More
5 Surefire Methods to Receive a Better Mortgage Rate When your mortgage is up for renewal, you have a variety of options at your disposal. You can change lenders, you can find ways to pay less every month, or you can do nothing at all. (That last one should never be a consideration for households.) Typically, when renewal time arrives, you want to get the best mortgage rate possible. … Read More
5 Ways to Pay Down Your Mortgage Faster Did you know that you can take up to 30 years to pay off a mortgage in Canada? It can be quite the experience being approved for a mortgage, especially if it is your first. However, once your mortgage payments kick in, the reality of their financial implications dawns. Mortgage payments can exert a heavy burden on your expenses. Besides … Read More