14 Feb

Valentine’s Day & Credit


Posted by: Sarah Makhomet

It’s Valentine’s Day, the day for flowers, romantic movies and candle lit dinners.  On this day, when you’re sitting across from the one you love, there is nothing more romantic than discussing credit.  Alright, so that is probably not true.  Sometime later however, when you’re looking to start a life with your Valentine, there is nothing less romantic than finding out they have bad credit and you’re able to buy the house you want together.


In North America, credit is incredibly important.  Unless you have hundreds of thousands of dollars in the bank, you credit is a major factor in your ability to buy a house or lease a car.  Many online purchases can only be done with a credit card.  While credit does not necessarily determine how much money you may have, it does speak about your character and whether you’re responsible with money.


One of the leading causes of trouble and breakups in relationships is finances.  So on Valentine’s day, have a wonderful romantic day with the one you love, and don’t think about or discuss credit.  Tomorrow though, when you’re thinking about this great person you’re with, and deciding if this is someone you’d like to spend your life with, credit is something you may want to seriously discuss. 

4 Feb

Using your home’s equity to invest in RRSP


Posted by: Sarah Makhomet

With RRSP season in full flight, a lot of you may be wishing you had funds available to invest in your RRSP.


If used correctly, an RRSP investment can reduce your income tax and at the same time, build wealth for your future. To take advantage, many Canadians are opting to use the equity in their homes to come up with sufficient funds to contribute to their RRSP each year.


Do you have large contribution room in your RRSP. If you do not have the funds available to invest, I will take the time to calculate the long-term cost-benefit savings of utilizing the equity in your home. In many cases, the compounding benefits of long-term investments and tax deferrals could outweigh the newly invested funds.


Knowing the options that are available to help you achieve financial security over the long-term will help you save for a better future.


Call us today to find out about our line of credit.  We cover legal and appraisal costs to set it up!!!