How Does a Second Mortgage Work: 8 Financial Aspects

You might have heard advertisements on the radio or television about second mortgages. These are exactly what they are called: You have another mortgage on your home. It is usually a borrowing apparatus that comes with a lower rate of interest and is used for a short period. Although the cash injection can be utilised for anything you want, most people spend the cash on debt consolidation, home improvements, or education.

If you are interested in understanding how a second mortgage works, you need to realise that it is a financial tool that should be used responsibly. Whether it is for your grandchild’s tuition or to pay off your huge debt pile, a second mortgage can be useful.

On the other hand, if you are using a second mortgage to keep your head above water or to go on a lavish vacation to Paris, Venice, and Bruges, then it will be a noose around your neck. Be wise. Be responsible. Be prudent.Continue reading


6 Different Commercial Real Estate Valuation Methods

The appraisal of a property is one of the most pivotal components when it comes to commercial real estate. All parties involved in the overall transaction will come together to figure out what this estimation may be. How, therefore, can this be done accurately? Several techniques to determine a property or land’s value can be employed.Continue reading


10 Basic Auto Insurance Tips for Thrifty Car Owners

When it comes to auto insurance, there is no option to avoid the necessary expenses. Auto insurance is a mandatory cost of owning a car or truck. As a vehicle owner, you most likely have two key considerations: getting the right insurance coverage and finding the best possible insurance rates. You want the peace of mind of knowing that you are adequately covered in the event of an accident, theft or vandalism. However, you don’t want to overpay or pay for the insurance coverage you don’t need.Continue reading


4 Common Requirements for Business Financing

Cash flow and business expansion are key to the success of your business. However, it is becoming increasingly harder to secure business financing as banks cut back on start-up loans, which are among the riskiest a bank can take on.

A lender just wants to know three things: the amount you need, how you plan to pay it back, and how they will recover it in case you fail to pay. To stand a better chance of getting financing for your business, you need to meet the following 4 Cs of business financing:

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5 GIC Insights for Your Investment Portfolio

Let’s face it: guaranteed investment certificates (GICs) have not been sexy over the last decade.

With interest rates below historical norms, FAANGs taking a huge bite out of the market, and crude oil skyrocketing from $30 to $75 in just a couple of years, why would you waste your time with GICs?

Well, not everyone is so concentrated on the business headlines, and many people lack the time and energy to peer through corporate quarterly earnings. This is why GICs are superb investment tools because you still have your money working for you as long as inflation remains in check, and you won’t need to be fixated on the Toronto Stock Exchange (TSE).

Since the Bank of Canada (BOC) is normalizing interest rates, you can get a better-than-normal return. It may not be as great as it was in the 1980s when GIC rates were in the double-digits, but it’s better than what you have been getting in recent years.

Here are five reasons to pick GICs as your investment in today’s market environment:

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