So your landlord has checked your references, received your damage deposit, and given a move-in date - you can finally breathe a sigh of relief as you move into your new place! After weeks of setting up new accounts, finding furniture, packing and unpacking, there is one last question that remains… do you want to purchase tenant’s insurance?
"Jumping off the cliff into adulthood" were the exact words a millennial client used to describe the process of buying a house recently. The paperwork needed to process the deal felt a little overwhelming. They had to collect Notice of Assessments, pay stubs, bank statements, employment letters, and more! At the end of the process, the lender offered them mortgage insurance.
Credit scores are Canadian’s financial identity - it is the three digit number that informs future lenders, creditors, or employers how financially responsible an individual is. This score will dictate a person’s ability to rent an apartment, buy their own home or vehicle, and qualify for loans at reasonable interest rates.
From the moment you apply for that first credit card or loan and your credit history commences, financial institutes and lenders will eagerly track your credit score. This score impacts almost every facet of Canadian’s lives - it determines your ability to rent an apartment, buy your own home or vehicle, and qualify for loans at reasonable interest rates.
Financial planning is a pretty broad subject. If you ask five different people what it means, you may get five different answers. In this blog, we break down financial planning into 6 topics.
These are the obstacles we all face in trying to achieve our financial goals:
Compound interest. What a wonderful thing.
Thanks to Erin Corcoran (www.erincorcoran.ca) and Simcoe County Shop Local for interviewing me on their most recent episode! We had a great time making this episode, and had many laughs before and after shooting it - you can probably tell from the energy in the video.
If you’re just starting to take charge of your financial future, it can be stressful approaching financial planning with confidence. Do you ever talk to your bank or financial manager and think that they’re speaking a foreign language?
When looking for any professional advisor, it is important to be able to match their characteristics, temperament, client profile and experience level to your own profile.