Refinancing Home Mortgage Loan » debts

Which one to pay first: Home Mortgage or RRSP?

Bob W. Flaxton — Tue, 22 Sep 2009 00:07:42 +0000

To choose between home mortgage repayment or RRSP contribution is not always obvious… Unless you have debt problems, you must choice first to contribute to your RRSP.

Then, you should choose to reduce your debts. But you may consider the choice to repay your home and other debt or to contribute [...]

Bridging Loan: Repay Home Mortgage for a new House

Bob W. Flaxton — Wed, 16 Sep 2009 21:34:27 +0000

The name “bridging loans” means to bridge a gap between the sale of your current home and purchase of a new one. This kind of loans is for short term and has higher interest rate.

Bridging loans are in the category of secured loans. Thus, you need to be very cautious regarding the repayment of [...]

Debts and Credit Cards Problem related to Home Mortgage?

Bob W. Flaxton — Sat, 12 Sep 2009 19:49:09 +0000

If you pay the entire balance on your credit cards every month, you probably won’t have problems to afford a home mortgage loan as we described in the previous article.

However, banks do not only care about how much you owe to credit cards. They also analyze the potential of debt they could represent. More [...]