Category Archives: Blog

Get Smart about Money

If you feel a little lost when it comes to managing your finances, you may want to check out GetSmarterAboutMoney.ca. This website is packed full of information that can help you with both investing your money and planning your finances. It tackles everything from managing debt to planning for retirement to choosing the best investment vehicle for your personality. Check out the quiz section. Whether you’re getting married, having a … Read More

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Interest Only Mortgages

An interest only mortgage is simply a mortgage that only requires periodic interest payments.  While borrowers will enjoy better cash flows, the obvious downside is that they may never pay down their mortgage. A typical mortgage requires a constant payment of both interest and principal.  The longer the amortization (the time it takes to pay-off the mortgage) the lower the payment and the less principal paid each month.  Recent department … Read More

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