Just Say No To Mortgage Life Insurance


When people get a mortgage, it's often the impetus that motivates them to take a closer look at their whole financial picture. They're worried about a few things. They want to make sure they have enough to afford the house as well as a comfortable retirement. Nobody wants to become house poor. And at the same time, they want to make sure their significant other doesn't get burdened with an unreasonably expensive debt if they accidentally pass away. The folks setting up the mortgage know this is a perfect time to try and convince a borrower mortgage life insurance is for…

Is Private Mortgage Insurance a Good Idea?


  Private mortgage insurance, commonly referred to as PMI, is insurance which borrowers have to pay in case they cannot afford to pay a 20% down payment. As a borrower, it will cost $50 to $80 monthly. Mortgage insurance reimburses the lender if you default on your home loan. However, it can sometimes become a burden for the borrowers, especially if they do not proceed carefully. As it is based on a percentage of the mortgage loan, borrower is expected to pay each month, it varies depending on borrower’s credit risk and the size of his home loan. 2 Types…

Canada’s Economy and its Effect to the Real Estate Market


In a weekly poll conducted by Nanos Research Group, the respondents who believe that real estate prices will increase in the next six (6) months jumped to 39.4 %. This percentage is the highest in 18 months. On the other hand, respondents who believe that will be a decrease in real estate prices declined to 16.6 % from 17.1%, the lowest since November 2015. The Bloomberg Nanos Consumer Confidence Index gauged from the weekly polls, increased to 55.9 from 55 in the week ending April 15, the highest since the first week of December. The head of Nanos Research, Nik…

3 Ways Data and Analytics Tools Can Help You Make Better Financial Decisions


These days, information is key to success—especially when it comes to your finances. After all, the better informed you are, the more likely you are to make sound financial decisions. And with global economies always in flux, it’s comforting to have the extra security that comes from being financially well-informed. There are plenty of data and analytics tools out there today designed to help both individuals and companies make smarter decisions. Here are three examples of how data can have a direct impact on your finances. Avoiding Hazards Any financial decision includes a fair bit of risk. This is true…

How Being Digitally Connected Can Save you Money


At this point in the game, it is near impossible to be completely "disconnected" from the digital world. Entire economies, institutions, and communities are dependent on the internet and having access to it. As with every major shift in society, there is a pull in the opposite direction, towards being "unplugged", private, and independent of the digital dimension. Now a healthy balance is always key to reaping benefits from both schools of thought. However, did it ever occur to you that by being "online" can save you serious money?  Working remotely Forget about toll routes, gas money and carpooling. The…

5 Tips to Reduce Dental Care Expense


There is no denying that dental care is quite expensive. If you go to the dentist for crowns, bridges and root canals, it will cost you more than $2,000. This is why most people get dental coverage, but those plans do not cover more than $1,000 annually. Even though it is expensive, dental care is important and unavoidable. Frequent and regular dentist visit are recommended to adults and children. Avoiding dentist appointments due to the increased cost may actually result in more expense. This is because skipping routine dentist visits can essentially lead to more extensive treatment in the future,…