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bank: Mortgage Market Update -- Canadian Financial Institutions Rise Above Rest - 03/28/09 11:40 PM
Well after all the negative press that the economy, both from a worldwide and a national perspective has received, it appears that Canadian Financial Institutions are still viewed as leaders amongst the industry and in a very strong position for rebound.
This article, from Globe & Mail on Saturday, March 6 shows how Canadian financial institutions are now being viewed with much envy as many other countries struggle to cope with the financial disaster that has developed across the globe.
Canada's banks are finally getting some respect.
Derided for years as meek and mild while banks around the world expanded … (0 comments)
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bank: Interest Rates Dropping again - 01/19/09 08:54 AM
According to globeandmail.com, Bank of Canada is preparing to decrease its key interest rate this week in order to provide stimulus to the economy. With unemployment on the rise and inflation quickly diminishing, economists widely expect the Bank of Canada to cut its key rate by half a percentage point tomorrow. Market analysts will then pore over the central bank's new economic outlook, to be released Thursday, for clues about whether the B of C will take rates even lower, perhaps even to zero.
Note: An adjustment to the Bank of Canada key interest rate will affect variable /adjustable rate mortgage products … (0 comments)
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bank: Using a HELOC to Enhance your Investments - 03/11/08 10:40 PM
Do you have a large amount of equity built up in your home? Are you looking to further enhance your financial position? A HELOC may be just the type of financing that you are looking for.
HELOC is an abbreviation for Home Equity Line of Credit. Basically, a HELOC is a credit account that is secured by property that a person owns. This account can be drawn against by the investor for any number of reasons, such as paying bills, consolidating debt, making a large purchase such as vehicle or property, investing for retirement etc.
The HELOC option when used properly, can … (0 comments)
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Shaun Serafini B.MGT
Lethbridge,
AB
More about me…
Shaun Serafini - Mortgage Expert - All Source Mortgages
Office Phone: (403) 382-1564
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