Mortgage Intelligence

Oshawa's Mortgage News Desk!


Leave a comment

Managing Your Money

It is time to act cautiously!

Following the rate cut announced by the Bank of Canada last week, the major banks have passed on a part of rate cuts to their borrowers. In addition, there seems to be more speculation around uncertainty in the Canadian economy and a possible rate cut in March, if the oil prices do not sustain.

As we have mentioned in our previous posts, this is the time to act cautiously with your debts. The economic conditions are an indicator for you to focus on:

managing finances1. Paying off as much debt as possible

2. Increasing your savings every month

3. Getting a mortgage that is suitable for you and not just a low rate.

4. Managing your finances wisely

Please read article and watch the video on the Financial Post for information.

If you are looking to buy a home and need advice on how to manage your finances, contact the team at mimortgage.ca. To get pre-approved today, apply now through our secure online website or speak to one of our agents at (866) 452-1100.

 


Leave a comment

Teaching Kids To Manage Money

Who should be teaching your kids to manage money?

Times have certainly changed since we were kids and today its hard to know just how to manage all aspects of money. Teaching kids how to save, spend wisely, and invest is no task for the faint-hearted. Most parents would do the job if they only knew where to start.

Enriched Academy has the support and endorsement of Jim Treliving and Bruce Croxon of Dragons Den. They have created a way to teach kids about money management that engages them so they want to know more.

managing money

 

We are linking to the article in the Globe and Mail so that you have access to more valuable information that you can share with your kids.

But don’t take our word for it. See what parents are saying about the Enriched Academy.

Leave us a comment to let us know what you thought of this idea. We love to hear from you!