Each month, Concept One Financial brings articles about personal finance from Domion Lending mortgage centers. This month’s topic is about budgeting for the holidays. At this time of year, we’re reminded that earning extra money can be a challenge. Unfortunately, our biggest expenses also tend to peak during this season too. Let’s ensure we curtail our holiday spending by setting ourselves realistic limits based on what kind of saving goals we have in mind.
Did you know? Around 70% of homeowners take out home equity loans! However, that still leaves an impressive 30% who won’t borrow against their home and instead choose to stick with their original mortgages until the term is up and they need to renew. As 2021 is almost over, let’s examine what the process is like when the mortgage term ends and the home owner wants to renew their mortgage in 2022!
ed for more cash flow in the working capital of your business. On the other hand, there are situations where taking out a short-term loan or credit is not a very good idea. This month’s Concept One Financial blog shows some options for Canadians to obtain short-term financing when buying a property.