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  • When rental property is paid off

    ... with that place... question is: what options do I have to make the equity I have in the house work for me? because lets say I paid the house off and then sold. paid some tax and cleared $450,000. I think I could invest it and make 5% a year on average which is $22,500 or I can play landlord ...

    • MichaelJ453
    • Jul 21st, 2017 3:33 pm
    • Forum: Real Estate

  • Writing off Blog Expenses as a Business?

    ... blog and from my research it seems I would be able to deduct blog expenses as a business expense. I'm not currently earning anything off the blog, but hope to in the future. Some costs seem pretty straight forward - hosting costs, domain, advertising costs, etc. But what about stuff ...

    • PhilipT
    • Jul 18th, 2017 12:13 pm
    • Forum: Personal Finance

  • Pay off car or not?

    ... expense.... or I would never finance a car!). fast forward to now, having around 30k cash in my checking accounts, would it be wise to just pay off the car? Here the pro and con i see in both: Pro.. Free up almost $400 a month on car payments. save $3000 over 8 years in interest. Con.. Empty ...

    • fallengod
    • May 22nd, 2017 1:01 am
    • Forum: Personal Finance

  • Paying off major chunk of mortgage right before contract end date

    ... bought a house back in 2012 with a 5 year fixed mortgage, her 5 years will be over next month. According to her, she has made/saved enough to pay off ~90% of her mortgage amount now and wants to go ahead & pay it off . How would this work out ? She pays the amount right away before end of June ...

    • fizz1234
    • May 11th, 2017 1:11 pm
    • Forum: Real Estate

  • Pay off debt.

    ... no other debt. I have about 8k that I am wanting to put down on these loans but have no idea which direction I should go in terms of paying them off? My student loan is about 70.00 a month in interest, while my LOC is about 25.00. I also have recently applied and got a 12 month interest free ...

    • tdaniels
    • Apr 23rd, 2017 8:31 am
    • Forum: Personal Finance

  • 20% downpayment on a house or 10% + pay off car loan

    Need some financing advice. Should I put down 20% downpayment on a house (@2.6% mortgage interest) and avoid cmhc fee or 10% downpayment on a house with $16,000 cmhc fee + pay off my car loan ($53000 @ 5.2% interst rate)?TIA

    • mphung22
    • Mar 7th, 2017 10:57 am
    • Forum: Real Estate

  • Paying off student loans question

    My loans are entering repayment soon as I'm no longer a student (I'm in interest-free status right now). I'm in BC. I can pay off the entire balance at once. My questions are: 1) Is there anything from the NSLSC-side preventing me from doing this? i.e., "you can only pay x% off at once." ...

    • Djb990
    • Mar 3rd, 2017 11:49 am
    • Forum: Personal Finance

  • Pay off mortgage faster?

    With the low interest rates we pay these days, is it sensible to pay off your mortgage faster? I just signed 2 year fixed at 2.09%. Or should I first use my RRSP / TFSA / RESP and buy some funds that would give at least 5% in the long run? What's the better option and why?

    • Raww
    • Mar 2nd, 2017 2:16 pm
    • Forum: Real Estate

  • Sell home and rent to pay off debt?

    ... and really made improvements on spending habits overall. Debt wasn't all accrued from bad spending (some was for sure), some was from being off work due to injury, and some is from schooling years ago that has never been paid off, and some was house repairs after buying. We've made progress ...

    • redgrandam
    • Mar 2nd, 2017 1:37 am
    • Forum: Personal Finance

  • Toronto RE "heading off a cliff" ...Sunlife Chief

    BMO last week, Sunlife this week, its getting louder lately....https://www.bnn.ca/toronto-housing-market-heading-off-a-cliff-sun-life-s-adatia-1.678530http://www.mortgagebrokernews.ca/news/analysts-weigh-in-on-recent-toronto-market-developments-221633.aspx

    • joepipe
    • Feb 23rd, 2017 9:49 am
    • Forum: Real Estate

  • Downsize to pay off debt, does this make sense?

    ... thought is if they sell at 500,000, and buy a new home at 400,000, they would have a 200,000 gain (before taxes, transfer tax, etc) that could pay off the debt, slightly reduce their monthly mortgage payment, and even get a much larger detached home, upgrading them from their semi. They are very ...

  • More Canadians are raiding their RRSPs to buy a house, make ends meet and pay off debt.

    More Canadians are raiding their RRSPs to buy a house, make ends meet and pay off debt Financial Post - 2h ago A new survey suggests Canadians are dipping into their registered retirement savings plans like never before and the high cost of housing may be driving ...

  • Paying off credit card as I purchase

    ... following. I currently have a Scotiabank American Express Gold card and was wondering if I can make purchases on my card then immediately pay it off? is that good and will it affect my credit score in any way since I am not carrying a balance? I have been reading it and it seems like it's recommended ...

    • draxz12899
    • Jan 19th, 2017 12:00 pm
    • Forum: Personal Finance

  • Paying off car loan early?

    ... it make sense to let my car loan continue on till at least Feb 2017 just so it appears as 2 years of repayment history? Or should I just pay it off now and have less debt?

    • 12daniel
    • Dec 30th, 2016 2:40 am
    • Forum: Personal Finance

  • Should I pay off my LOC

    ... a car about 10 months ago and used my LOC to pay for the car. The interest rate on the LOC is 5.34%. I currently have just under $3870 left to pay off my LOC. I have over $5000 in cash sitting at home but not sure when and for what I may need it. Should I use that money to pay off the whole loan ...

    • masoud100
    • Dec 23rd, 2016 3:23 pm
    • Forum: Personal Finance

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