The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. Currently lenders are looking for a spread between 1.35 and 1.55 Canadian 5 yr […]

This is a Mortgage Broker Program, designed to help poor credit clients build their credit. Product: Lendit GIC Investment Loan, (As you pay down the GIC Investment Loan, you will not only rebuild your credit, but also establish savings as well.) It’s a win – win situation. This product is helpful for anyone needing help to recover from […]

Bank of Canada leaves key rate unchanged – Malcolm Morrison, The Canadian Press *Current Bank of Canada ‘prime’ lending rate is holding @ 3.00% – remains unchanged. The Canadian dollar gave up early gains and moved lower after the Bank of Canada’s announced it was leaving interest rates unchanged and warned of the negative effects of […]

Segments from Paul Vieira, Financial Post · Monday, Jan. 17, 2011 OTTAWA — Finance Minister Jim Flaherty unveiled changes Monday morning to mortgage lending rules that would see Ottawa stop backing home loans greater than 30 years and make it more difficult for households to use their property to access financing. The key change announced […]

Monday, June 13, 2011       7:00 pm – 9:00 pm Come to the Glenridge location the second Monday of every month to get any of your financial questions answered (budgeting, debt, etc.) and take advantage of our free financial coaching. DROP-INS WELCOME or *CALL TO RESERVE YOUR SEAT TODAY. Location:  Southridge Community Church Glenridge […]

‘BRIDGE FINANCE’ may be required when timing is an issue caused by closing dates that do not match. Examples: if your closing date of the home that you are selling and the moving date of the home that you are buying are not on the same date (as in cases of relocation). Another scenario is […]