Why you shouldn’t buy mortgage insurance

Posted on February 5, 2012 by

There are many excellent articles about the pros and cons of mortgage insurance vs. term life insurance. But every spring a new crop of first-time buyers begins their search for a perfect new home, so it seems like a subject worth revisiting.

The purpose of mortgage insurance (also known as mortgage life insurance or creditor insurance) is to pay off the mortgage when you die so your spouse and dependents are mortgage-free and have one less major expense to worry about. If both you and your spouse are working and want to protect each other, both of you need to be insured. Continue reading →

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House of The Week (WJS Video)

Posted on February 4, 2012 by

WSJ’s House of the Week, including a Mid-Century Modern Loft in Manhattan, a Caribbean Getaway in St. Lucia, a Kid Friendly Loft In Manhattan and a California Mountain Retreat. Via WSJ

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Debt: Be a Recipient of Interest Income, Not a Payer of It

Posted on January 11, 2012 by

One of the biggest causes of the financial crisis was debt: at personal, corporate and government levels. We all remember the 2008 stock crash and the corporate giants like AIG and Lehman Brothers that crashed and burned because of excess debt and leverage.

 The crisis was alleviated only by transferring corporate debt to governments – nowhere more so than in the United States. Here, late in 2011, it appears the crisis was never really licked. The can was merely kicked off into the future. Read Full by Jonathan Chevreau

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Debt Consolidation Ontario – How to Deal Smartly With Post Holiday Debt

Posted on January 9, 2012 by

TORONTO, ONTARIO, 

Debt Consolidation Time

It’s the New Year and the post-holiday credit card bills are starting to come in. If you are feeling financially stressed as a result of overindulgent giving, here are some tips for using debt consolidation as part of a smart debt management plan for a fresh start this new year.

Make a declutter list – List the creditors to which you owe money, how much and at what interest rate. The debt consolidation process begins by prioritizing each obligation according to the highest rate. Clean up credit card debt – If you have several cards, the next step in debt consolidation is  read full story via market wire WSJ -

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