Foreclosure-gate, Fraudclosure, the foreclosure scandal – you’ve been hearing about this in the news the last few days, but what the heck is the foreclosure-gate scandal, exactly?
Foreclosure-Gate is the New Risk Factor Everyone Should Be Talking About
What Is Foreclosure-Gate?
Well, there’s two parts to this answer. The first part is the simple fact that Bank of [...]
It’s bad enough to initially depend on just one source of income, but it’s even worse to not invest it or diversify it such that you protect it over time. In other words, there is more than one way to diversify your income.
(1) You can diversify your sources of income so that you have, say, [...]
Option ARMs are the new subprime. Option ARMs stand for “payment-option adjustable-rate mortgages” – so-called because the rate paid on the mortgage varies with the market, but the total payment can be adjusted by the borrower according to his or her needs. How’s that for a sweet deal? It’s good right now, because interest rates [...]
With the Bank of Canada holding interest rates at 0.25%, some are saying that Canada’s housing market is overheating. Housing starts are up 21% over 2008 and building permits are up 18% (which are forward-projections).
At the very least, it is a sign of the strength of the Canadian housing market. But it doesn’t speak to [...]