» Investing
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Must Read Financial Blogs
Everyday I read (skim) no less than 500 blog posts using my Google RSS reader. Some articles are on marketing, some are on business, others are on golf (although I think all the golf blogs basically repost whatever Geoffshackelford.com is writing on – Tiger Woods infidelity at this moment), and a large number of financial blogs from all over North America.
Financial blogs are the most important of the ones I read given my industry. While one may not always agree with (more…)
Popularity: 21% [?]
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Merix 50/50 – Best of Both Adustable and Fixed!
Merix 50/50 from Nolan Matthias on Vimeo.
A quick discussion of the Merix 50/50 product. Gives you the security of fixed with the savings of adjustable rates, as well as the ability to pay either down independently. If you are on the fence with respect to which way to go, and your risk tolerance, this might be the product for you!
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Popularity: 3% [?]
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Challenging Dominant Cultural Narratives
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Mortgage Myth #1 – It is better to pay down you...
While many people believe that it is better to pay your mortgage down as quickly as possible, it really isn’t always the best strategy.
Making this decision depends on your individual situation and should not be taken likely. First of all, every other piece of debt you have should be paid off first unless it is at a lower rate than your mortgage. There is no point in having clear title on your house if you have $10000 in credit card debt at 19% interest.
If you are the type of person who is good at saving money for the future, you may even want to use your mortgage as leverage to increase your savings. If you can consistently make 12% interest on your investments and are only paying 6% on your mortgage there is obviously an advantage to making the monthly payments rather than abolishing them. Of course you have to be willing to make the payments and have the ability to carry the debt load.
Popularity: 1% [?]
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Will Mortgages Go Green?
Banks are likely going to start doing their part to help the planet. In a Financial Post article this week, a consumer tells about his experience with the green mortgage. It included everything from a $10 000 line of credit to be used for doing anything that would make the house more energy efficient to a blue tub full of energy efficient coupons (isn’t that a waste of paper?). TD Bank is saying they will look at this option closely (of course the company known for the green couch would), it could be something you could see in the very near future.
Popularity: 1% [?]
In our current economic climate, the disparities between the members of the economically dominant group and those who are economically and socially limited, is quite striking. Advertisement
