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Private Mortgages: When They’re Right

Private Mortgages: When They’re Right
In short, private mortgages are right for most potential homeowners having issues securing a traditional mortgage. What is a Private Mortgage? A private mortgage is a loan where funds are sourced from a non-traditional lender (a business or individual) as opposed to a bank or other financial provider. Why is a Private Mortgage? Borrowers may…
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How to Increase ROI in Your Children

How to Increase ROI in Your Children
Let’s face it, unless your kid is the next Sidney Crosby, children are kind of a sunk cost. “A sunk cost is a cost that has already been incurred and thus cannot be recovered...Sunk costs (past costs) are excluded from future business decisions, because the cost will be the same regardless of the outcome of…
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New Mortgage Rules: Hit or Miss?

New Mortgage Rules: Hit or Miss?
Fears that new mortgage rules introduced by the federal government could make it more difficult for borrowers to secure a mortgage are becoming a reality. As predicted by reporters and real estate experts, the new mortgage rules introduced by the federal government in October 2016 are indeed making it difficult for some borrowers to obtain…
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Bankruptcy: when is it Best?

Bankruptcy: when is it Best?
No Shame In Your (Bankruptcy) Game Imagine how many Canadians might be freed from the burden of overwhelming debt if society stopped perpetuating the idea that net worth is equal to self worth.  If Bankruptcy was perceived as it really is, a valid option for many Canadians struggling with debt, instead of a scarlet letter…
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