You are house poor if your housing costs are so large that you have little discretionary income left at the end of the month. This situation even affects seemingly well-off families living in multi-million dollar homes.
Owning a vacation home is a very desirable goal for many individuals. But is it a good idea for you? Here are some practical considerations to take into account before you purchase one.
Co-signing loans is a gamble. Co-signers make promises to pay loans if the primary applicant defaults. And with it, many take on risks without fully realizing all the consequences of the deal.
Starting January 1st, 2018, Canadian mortgage rules change. B-20 impose stricter guidelines for lenders dealing with uninsured mortgages. What does this mean for you?