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Inflation in Canada and in the U.S. remains muted, and interest rates remain near historical lows. Still, inflation can bite fixed-income investors.
There’s a scene in Doc Hollywood where Michael J. Fox, the fresh med school grad, is readying to airlift a young patient out of the small town for emergency heart surgery. Just before liftoff, the aging local doctor shows up and hands the boy a can of pop – Sip, burp, everybody go home.
A home equity line of credit (HELOC) or secured line of credit (SLOC) is a flexible way to borrow money against the equity you have built up in your home. It is a revolving line of credit, meaning you can borrow, repay and borrow again as long as you stay within your credit limit. In this post, we will discuss Alterna’s HELOC/SLOC, how to qualify, tips before getting one, questions to ask lenders and the advantage and disadvantages of using a HELOC/SLOC.
Did you know approximately 17.8 million Canadians received a tax refund? If you’ve filed your taxes for this year and know that you’ll be getting a refund, you might be wondering what to do with your refund.
In this spring issue you’ll find: spring mortgage outlook, how to navigate the challenging mortgage market, what to consider when switching your mortgage and so much more.
We know that owning a home is a dream that many Canadians aspire to. We want to help make your journey to becoming a homeowner as stress free as possible.