10 must-use online mortgage calculators

Most of us know what calculator to use for that basic mortgage calculation—the amount you pay each month in relation to the home price, your amortization period and term and the prevailing interest rate. But what about those more complex calculations, such as the cost to break your mortgage or the ability to compare three[…]

Do I need mortgage life insurance?

I live in a town-house and I am about to purchase a detached house. I currently have enough life insurance to cover my townhouse mortgage, but this new home purchase will increase the amount I owe. My bank is recommending mortgage life insurance. Should I take out a policy? Mortgage life insurance is designed to[…]

Secrets of the rich: Use other people’s money

Want to build a real estate empire or grow a business from scratch, but you don’t have the cash? Try a little leverage. Borrow to buy real estate It was the mid-1980s and D.G. Southen was only 24 years old when he bought his first investment — a house near the University of Western Ontario[…]