Common Registered Retirement Savings Plan

(RRSP) Mistakes

A Registered Retirement Savings Plan (RRSP) is a tax-deferred account designed specifically for retirement savings. Any resident of Canada under the age of 71 who has earned income may establish and contribute to an RRSP. Continue Reading

How Credit Score works & is calculated

Credit score, also called as the Beacon score or FICO score is a credit scoring model proposed by Fair Isaac and Company. FICO scores are calculated based on information in your credit report which resides with the three major credit bureaus. The information contained in your file is compared to the information that exists in other consumer credit reports and derives a numerical score called the FICO score.

FICO Scores are calculated from a lot of different credit data in your credit report. This data can be grouped into five categories Payment History, Amount Owed, Length of credit history, new credit and the Types of credit used.

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Syndicate Mortgages In Ontario

A syndicate mortgage is where several investors combine funds together to create one instrument (a mortgage). The investment 'moves' as one funding but each investor is individually registered and secured proportionally. Syndicate mortgages allow you to have direct collateral for your investment and ongoing returns from the interest earned by the mortgage.

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Lease to your Dream House without any Rent

Are you tired of lining your landlords pockets, making them rich while you throw your money out the window? If you have a good job, but poor credit, Lease to Own may be your best option. You a home owner sooner than you ever thought possible. If you area already a home owner at risk of losing your property, lease to own may be able to put you back on track.

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