Excerpt: “Burn Your Mortgage” Chapter 11
Chapter 11: Making the Most of Your Mortgage Payments
Mortgages
Scotiabank CEO worried about housing market corrections
He's supportive of recent government changes
One family’s strategy for killing debt
With $42,000 in personal debt plus $20,000 in back taxes to pay, the Nazarios need a plan
Don’t forget to consider mortgage term
Five-year might seem safe but breaking it could really set you back
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What happens when the mortgage co-signer dies?
When a mortgage co-signer dies, both the estate and the homeowner are on the hook for the mortgage debt,...
Increase in CMHC fees will have little impact on buyers
Buyers won't feel impact of this new mortgage insurance fee increase, as the fees are added to the loan...
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CMHC to raise mortgage insurance premiums
It would add about $5 to a monthly mortgage payment