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Smart financial planning enables you to maximize your resources so that you are able to achieve your goals.
There are many reasons one may choose to close a bank account. You can do it by visiting your nearest branch in-person, or you can close an account over the phone or online. Before you close your account, you will need to take care of a few things.
In Canada, pension benefits, known as The Canada Pension Plan or CPP, start from age 60. Some people may wonder if it is beneficial to start receiving the payments this early on, or if it's better to defer the benefits for another few years.
Life insurance brokers are professionals who sell insurance, but they do not work for insurance providers. They represent you — the consumer — in the insurance-buying process. Unlike an insurance agent, a broker's primary duty is toward their client. An insurance broker will walk you through all the available options so that you can pick the best product.
A joint mortgage is a mortgage taken out by two or more individuals. You do not have to be married to opt for a joint mortgage. The most common example is two spouses buying a house together.
When you start shopping for your first home, two words that you’re likely to start hearing are “mortgage’ and ‘insurance.”
For business owners, life insurance can help their business remain stable in the event of their untimely death. Additionally, it can provide financial assistance to its business partners and employees.
But what does being financially responsible actually mean?
Mortgage refinancing involves getting a new mortgage to replace the original one, ideally at a better interest rate. The equation is not always as simple as comparing the mortgage payments rate for which you qualified earlier with the rate you can get now. Before you make the decision, consider factors like the cost of getting the new mortgage and after-tax monthly savings.
Purchasing a home is a long-term financial commitment. But what happens if you suddenly pass away? Will your family be able to make mortgage payments without exhausting their savings?— mortgage protection insurance.
Estate planning is the process of making end-of-life arrangements for your assets and loved ones. This can include making your will and power of attorney documents.
Here are some mortgage insurance tips that will help you save money when it comes to your mortgage repayments.