Three Hot Tips to Add 25 Points to Your Credit Score within 30 Days

If refinancing your existing home loan is in your future, you owe it to yourself and your wallet to do everything in your power to squeeze every possible point out of your credit score. By doing this, not only do you increase the likelihood that you’ll get the loan you want, but that you’ll get the repayment terms that will be most beneficial to your budget. Here are three simple techniques you can use to add up to 25 points to your credit score in about a month. Read more

Need to unlock your home's equity - but have a few questions? Why not consider a free private email consultation with me, Darrin Roseborsky? There's no obligation or commitments to worry about. Just helpful answers to your questions. Use the short form in the top-right corner to get started. And in a few minutes, you'll have the answers to all of your questions.

Debt Consolidation Tips

It’s easy to laugh at other people’s debt problems – especially when their problems land them in legal hot water that garners media attention. Your own debt problems may not be as severe, but there’s a pretty good chance that you’ve had financial missteps that would embarrass you if your next door neighbor knew about them. A debt consolidation loan could help you retake your life – and your budget. Read more

Reward Credit Cards - Are They Worth the Cost?

Are you on the hunt for a great credit card that will reward you for being a faithful customer by sliding frequent flier miles, cash back, and other perks your way? If you are you might want to reevaluate your financial goals because it is you that is being hunted. Read more

Learn How a Cash out Home Refi Can Help Meet Educational Expenses

You’ve raised them from infants and every step of the way they’ve done their level best to declare independence from your authority, have consistently rejected your advice, and now that they’re ready to go to university they want their freedom. However, they still want your money to help pay their educational expenses. If your checking account balance is a little lean and your monthly budget can’t handle yet another loan payment, it’s time to consider a cash out home refi to meet your child’s educational needs and to save some money. Read more

Canadian Home Equity Loans Defined

If you’re thinking about the possibility of getting a home equity loan you’ll need to familiarize yourself with some of your options before deciding on which loan makes the most sense for you and your current financial situation. Read more

3 Easy Steps to a No-Nonsense Debt Consolidation

School is getting ready to start again and for millions of Canadians that means trying to scrape together enough cash for school clothes, book and lab fees, school physicals, and daily lunch money. If your budget looks like it got trampled in a mosh pit, it’s time to consider a debt consolidation loan. Here’s an easy 3 step process to get you off the road to perdition and back on track to financial success.

• Go through your budget and locate all of the credit items that are weighing down your budget. Gather statements for your credit cards, computer loans, education loans, healthcare loans, and other consumer finance agreements. Total them up – the cumulative monthly expenses and the overall debt load. If you’re like the average Canadian, your budget is filled with minimum monthly payments that take a huge bite out of your budget. Read more

Refinance Waltz: 3 Easy Steps

Mortgage and refinance rates rise, fall, and tread water from week to week. All of the talking heads seem to be trying to reach a consensus on what the Canadian market has planned next. The only consensus seems to be that the outlook in Canada is partly cloudy, which is a far cry better than conditions in the U.S.

Canadian lenders have circled their wagons and taken up a defensive posture in an effort to stave off a full blown U.S.-style credit crisis and accompanying mortgage meltdown. Some prominent lenders have exited stage left, and the actors left on stage are all doing the same song and dance. If you’re looking for a good dance partner, here are the steps you need to take to ensure that your dance partner/mortgage broker are dancing to the same song. Read more

Lenders Heading for the Exit Doors – Mortgage Broker Choice More Critical Than Ever

In recent days and weeks several large institutional lenders have ripped down their signs and decided that for one reason or another that the Canadian home mortgage market is just a little too volatile for their taste. Whether due to fears for the future or because they’re reallocating their marketing strategies, the end result is Canadians now have fewer institutional choices than before. Here’s how to get the best refinancing rates – and the loan you want – without sacrificing the service you want, need, and deserve. Read more

Credit Card Grace Periods Shrinking

Have you noticed the grace period your credit card company gives you to avoid interest payments is shrinking faster than the value of the American dollar?

It used to be standard practice for credit card companies to give you about 25 days to float before they would start charging interest, but that time frame has been declining for the last several years. If, like most Canadians, you don’t pay close attention to your credit card terms of service, you may not have noticed that the standard 25 day period has fallen to as little as 15 days.
Most of us just take for granted that these things never change, but the fact of the matter is that credit card companies are looking for new ways to make money. Of course, your opinion on whether or not this trend is fair has a lot to do with whether you’re receiving or making monthly credit card payments.

The companies will claim that they have to do this to stay competitive and profitable, while most credit card customers have the belief that it’s all about greed.

One good way to avoid some of these charges is to always pay your balance off in full every month as soon as your monthly statement shows up in your mailbox. If this isn’t possible you’ll find that your monthly budget is going to increase as you begin paying monthly hush money to the credit card companies.

So, what do you think of this trend? Do the credit card companies have a valid point? Is it getting harder for credit card companies to earn an honest living and surviving off of the current fee structure? Or do you think they’re trying to take you for every penny you have by nickel and diming you to death?