Archive for June 2018
Happy Canada Day from Prudent Financial!
Happy Canada Day from all of us at Prudent Financial! It can be easy to take for granted how lucky we are to live and work in Canada. We sit on nature’s doorstep. A short drive can take us to the Rocky Mountains, a fresh water beach, a family cottage, or a great Canadian attraction.…
Read MoreHow to Take Out Home Equity Without Impacting Your Low First Mortgage Rate
If you’ve been fortunate enough to lock into a low first mortgage rate, then you probably don’t want to lose it. Especially as Canadian interest rates increase, you’ll want to do what you can to keep your first mortgage rate as low as possible. However, if you were considering refinancing your first mortgage, this may…
Read MoreHow to Take Out Some of Your Home Equity Without Everyone on Title Signing
Sometimes, there may be cases where you want to access your home’s available equity without needing everyone on the property title to sign for it. Perhaps you and your spouse maintain separate finances, or your parents are on the title. Or there could be another reason you would like to leverage your home equity without…
Read MoreThe Bank of Canada Interest Rates Stayed the Same for May 2018, But You Still Need to Be Prepared for a Hike
The Bank of Canada interest rates remained at 1.25% following a scheduled announcement on May 30, 2018. The Bank of Canada (BOC) kept interest rates the same but warned that higher rates will be needed over time. Economists are predicting that higher rates could be coming into effect as soon as July 11, 2018. Since…
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