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Of over 1,500 Canadians questioned, nearly 25 per cent stated that they did not know what their insurance policy entitled them coverage to.
Your pipe suddenly bursts and causes significant water damage. A slow leak has damaged your underlay and caused need for other repairs. Do you know in which of these cases your home insurance would cover you?
According to the TD Insurance Uncovered Poll, conducted in September, 2010, of over 1,500 Canadians questioned, nearly 25 per cent stated that they did not know what their insurance policy entitled them coverage to.
Continue reading “Do You Know What Your Home Insurance Policy Covers?”
Paying the absolute minimum amount on your credit card debt will cost you thousands of dollars in accrued interest.
Interest rates on borrowed money are high. When you cannot afford to pay off your credit card, or line of credit, debt every month, you are contributing to generating huge revenue for the creditor. This is how credit works. The lender knows that the average person who doesn’t pay off their balance owing, in full, each month will hold a balance for many months and years to come. Even if, every month, you make a greater payment than the minimum required, you can still be paying down the same credit card debt for 12 years or more because you are only minimally contributing to the principal amount of the money owed. The majority of your payment is an interest charge. Making the minimum payment maintains the lender with a solid income stream, sometimes over and above the money they lent to you.
Continue reading “Credit Granting in Canada Can Foster Dependence”
The online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying.
Should you continue renting or buy property? The first-time homebuyer’s sometimes lengthy debate.
If you’re currently questioning whether a home purchase would benefit your current economical situation, then you should utilize the free, online tool that is proving its usefulness abundantly: the Canadian mortgage calculator.
The online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying. Mortgage calculators can go beyond down payment, amortization length and interest rate. Many mortgage calculators factor in some of the items you may, in the zeal of home shopping, overlook.
Continue reading “Online Mortgage Calculators: Homebuyers Make Use”