Banks are usually the first place people turn to when looking for a mortgage. But, when you have bad credit, they’re not so helpful. If you have a credit score lower than about 600, you’ll need to get a mortgage from a B lender or private mortgage firm. A lenders are the big banks. B […]
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The Best Way to Save Money and Grow Your Wealth
I’ve read many articles about saving money. Some people have some rules, hacks, tips, or whatever you want to call them. But, really, it’s as simple as losing weight: Burn more calories than you take in. It’s as simple as making money in stocks: Buy low, sell high. Okay, I’m being a bit facetious. We […]
What is a Mortgage?: The Complete Guide for Home Buyers
What is a Mortgage Loan (Canada)? Mortgage Simple Definition In it’s simplest terms, a mortgage is just a loan. Usually it’s the biggest loan you’ll ever take, but, it’s still just a loan. But, there is a little more to it. It has a collateral attached to it. A collateral is something that is used […]
Burn Your Mortgage – Sean Cooper
Sean Cooper Eliminates His $255k Mortgage in 3 Years In 2012, at age of 27, Sean Cooper checked one important thing from his wish list – he bought his first house. Only 3 years later, in 2015, at the age of 30, Sean did what most of us can only dream and imagine –he wiped […]
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Bank or Mortgage Broker: Should I Use a Mortgage Broker?
A major question for mortgage seekers is whether to use your bank or use a mortgage broker. Let’s see why we would use one over the other. But, first, let’s learn about mortgage brokers. What are Mortgage Brokers? Mortgage brokers are individuals or companies that can help prospective homeowners find a mortgage loan for you […]
Saving for Retirement: Employee vs. Consultant
As a former IT contractor for over 10 years, I’ve often heard people say how they’re afraid to become a contractor, even though they also say they envy being one. The main reason being the insecurity. So, I see the biggest fear or obstacle for individuals to become a consultant or contractor is the “lack […]