Archive for the ‘in maple ridge’ Category

How Scary is the US National Debt? Almost as scary as the fact Tony Robbins, yes the motivational speaker, is the one delivery this most depressing of economic insight.

Before trading in your home for an even larger one, ask yourself if you are truly ready for the super-sized financial commitment and the sacrifices that often come with it.

via Wealth: A new way to look at “How much house can I afford?” | MoneySense.

There are two very different ways to answer this question. The first is the traditional way—the way the lenders and realtors answer it: Based on your down payment, income and expenses, how much can you afford to put to a mortgage each month, and therefore how much can you borrow? Lenders are incented to encourage debt because, provided you don’t default, the more you borrow, the more they make. Realtors have a similar motivation because the more house you buy, the higher the commission.

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Insurance you shouldn’t buy | MoneySense.

 

Having insurance falls under Gail Rule #4: Mitigate Your Risks. But “the right kind” of insurance is often confusing for folks. So here are three types of insurance you should skip and save your money.

Mortgage life insurance
If you have a mortgage you’ve no doubt been offered mortgage life insurance by your lender. Don’t buy it. It’s expensive. It’s single-purpose. And it can be denied down the road, since it isn’t “approved” until you try to make a claim, which is not when you want to find out you aren’t covered.

Read more at moneysense.ca Insurance you shouldn’t buy | MoneySense.

How many puppies can you find?