Each day, many Albertans are faced with the challenging decision of how to repay debts. With interest rates and inflation rising, the number of cases is climbing. When it comes to getting out of debt, many are surprised to learn there is more than...
Carrying debt is a reality for the large majority of Canadians. With the impacts of COVID-19, inflation, the housing crisis, and climbing interest rates, people are tightening their budgets and changing how they spend their money. Debt happens to all of us and it doesn’t...
If you’re a homeowner with a mortgage, all of this news about rising interest rates is probably causing your heart to beat faster these days. Especially if you have a variable rate mortgage. You’ve worked hard. You’ve saved. You’ve likely calculated your mortgage payments based...
Short Answer: Yes, you can easily renew a mortgage while in a consumer proposal! Long Answer: There is a huge distinction between renewing an existing mortgage while in a consumer proposal and refinancing one.
Canadian Emergency Debt Relief Program? Is this a new government program? You may have seen or heard of something called the Canadian Emergency Debt Relief Program or CEDR somewhere online and are looking for more information about it. There is no such thing. During the...
Like many aspects of an individual’s financial situation, knowledge is power - but becoming knowledgeable in all the facets of personal finance can be overwhelming. According to a 2017 FCAC report, consumer knowledge around Home Equity Lines of Credit isn’t always a given. In fact,...
In this episode, we discuss if mortgages are considered 'good' debt. If you have any questions, please reach out to us at inquiries@bnadev.flywheelsites.com
Like many aspects of an individual’s financial situation, knowledge is power - but becoming knowledgeable in all the facets of personal finance can be overwhelming. According to a 2017 FCAC report, consumer knowledge around Home Equity Lines of Credit isn’t always a given. In fact,...
In this episode, we discuss if you should use the equity in your home to pay your debts. If you have any questions, please reach out to us at inquiries@bnadev.flywheelsites.com
