Riches & Rags
A reverse mortgage refers to a type of loan for homeowners who are at least 62 years old. It allows a homeowner to convert part of the equity of their homes into cash. If appropriately used, reverse mortgages ensure a comfortable and independent financial life, especially if you are a retired parent or grandparent.
If there is one thing that brings Canadians together it is auto insurance. Despite the province of Ontario promising to lower car insurance rates by 15 percent, Queen’s Park has yet to act, and this is frustrating many motorists in North Bay, Windsor and Hamilton. Well, it’s time to take matters into your own hands. ...
Consumer debt is a massive issue in the Great White North. The Bank of Canada (BOC) has warned about it, financial institutions have published reports about rising debt levels and analysts continue to state that consumers need to rein in their spending. But do we listen? Obviously not, considering that the average consumer owes $1.70 ...