A Mortgage Renewal is the perfect time to reassess your mortgage agreement and decide if you should switch your mortgage to another lender. A Mortgage Renewal is a new agreement that allows you to renegotiate, renew or extend your existing mortgage conditions. It’s important not to rush through this renewal process and to [...]
The Wealth Professor Guide to Budgeting Step 1: Calculating Next Cash In-Flow Beginner Guide (Summary 10 Step Guide) Advance Guide Index Step 1 - Calculating Net Cash In-Flow Step 2 - Calculating Fixed Expenses Step 3 – Calculating Variable Expenses Step 4 – Calculating the Net Result Step 5 – Analyze the Result [...]
Small streams add up to form giant rivers. What you may consider to be small expenses add up to much larger, substantial figures. The Wealth Professor gives you 3 great tips on small differences you can make to your lifestyle that will save you big: 1) Stop Buying Coffee (By [...]
It’s no secret that the holidays result in increased credit card usage. The holidays can be a stressful time when it comes to financial budgets and when added to crowded shopping malls and busy cashier lines, it’s easy to let your guard down. No one wants to add a compromised [...]
In the past, if you would have asked us if you should go fixed or variable, we would have said, without a doubt, variable. Consider this, a 2001 report conducted by Moshe Milevsky from York University showed that a variable rate mortgage would have been the better choice 90% of [...]
Record low interest rates may seem alluring but should we judge affordability based on our monthly payments? Absolutely not. While the amount of your mortgage payment is certainly a factor in assessing the affordability of a house price, it is but one aspect of the total picture. Relying solely on monthly payments [...]
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The Wealth Professor Advanced Guide to Budgeting Step 5: Analyze the Result Beginner Guide (Summary 10 Step Guide) Advanced Guide Index Step 1 - Calculating Net Cash In-Flow Step 2 - Calculating Fixed Expenses Step 3 – Calculating Variable Expenses Step 4 – Calculating the Net Result Step 5 – Analyze the Result [...]
Read more›The Wealth Professor helps you learn what a Break-Fee is, why it exists and how to calculate it. What is it? A Break-Fee is a financial penalty that you pay should you wish to terminate a closed fixed term mortgage. It is usually considered when market interest rates are much lower than [...]
Read more›Comparing Credit Cards these days can quickly become a part-time job. Somewhere between all the layers of fine print and the numerous pages of marketing lies a great Credit Card, but how do you find one? Instead of comparing varying feature sheets of possible Credit Card, next time you are considering adding [...]
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The Wealth Professor Advanced Guide to Budgeting Step 4: Calculating the Net Result Beginner Guide (Summary 10 Step Guide) Advanced Guide Index Step 1 - Calculating Net Cash In-Flow Step 2 - Calculating Fixed Expenses Step 3 – Calculating Variable Expenses Step 4 – Calculating the Net Result Step 5 – Analyze the [...]
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