April 23, 2018


Is Mortgage Protection Insurance A Good Idea?

Apr 11, 2018

Mortgage protection insurance is a form of life insurance that covers your mortgage debt if you die or become disabled.  It is a very popular sell by the banks because you can just add the premium to your mortgage payment. So you ask, isn’t this a good thing?  Well most people in the industry would say no for the following reasons: As your mortgage decreases, so does your payout because it only covers the outstanding mortgage balance however your insurance premiums remain the same The monies go directly to the lending institution and not to you to decide how you…

The Stigma Attached To 2nd Mortgages

Apr 11, 2018

I had a very interesting conversation with a client.  She happened to overhear 2 people at work openly discussing obtaining a 2nd mortgage.  She was telling me that as a child, she remembered her parents discussing friends that had to get 2nd mortgages and her parents being very judgemental.  Comments like “how could they get so far behind in their payments” or “they must be horrible money managers” that they would need to have to get a 2nd mortgage. How many of us still hold onto these limiting beliefs that we would rather suffer through financial difficulties and just keep…

10 Tips To Help You Get Out Of Debt

Apr 11, 2018

Income inequality is the great domestic crisis facing Western society.  There is a huge gap between rich and poor and the strains on our middle class.  The weakening of the 1950s-70s social contract between employer and employee, by which workers were rewarded with decent pay and benefits for their dedication and loyalty is so prevalent today. This crisis also derives from the financial illiteracy among individual Canadians today.  Fortunately, this is a shortcoming each of us can address.  Many Canadians work 2 jobs just to make ends meet.  How can we help ourselves?  We need to adjust our lifestyles and…