Acronym Monday: CI
Critical Illness Insurance is a way to make sure that your family home stays in the family while you can focus on you health to receive the
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Welcome to the Education Station
Making financial concepts simple.
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Brett Roessel
Feb 19
Acronym Monday: AP
All Perils Coverage means any accidental, direct, physical loss that impacts your home or the items inside is protected against.
Brett Roessel
Feb 5
Acronym Monday: FI
A financial institution not only encompasses banks, but trust or insurance companies, credit unions, finance companies, and securities firms
Brett Roessel
Jan 22
Acronym Monday: MP
You're going to want to talk to someone, like me, an MP or Mortgage Professional!
Brett Roessel
Jan 8
Acronym Monday: CDIC
This is a Crown Corporation that will protect you you and your money against any potential failures of your financial institution.
Brett Roessel
Dec 18, 2023
Acronym Monday: NSF
Have you been experiencing the fees of your payment bouncing NSF, or Non-Sufficient Funds?
Brett Roessel
Dec 11, 2023
Acronym Monday: CUDGC
The Credit Union Deposit Guarantee Corporation (CUDGC) is a deposit insurance program designed to protect deposits held by credit unions.
Brett Roessel
Dec 4, 2023
Acronym Monday: PP
A prepayment sometimes called a principal payment, is a great way to save on interest costs and reduce the life of your mortgage by making a
Brett Roessel
Nov 20, 2023
Acronym Monday: GIC
When you buy a Guaranteed Investment Certificate, you are basically lending the bank money and getting paid interest in return for the favou
Brett Roessel
Nov 6, 2023
Acronym Monday: IP
This is a collection of financial assets like stocks, bonds, commodities, cash, and cash equivalents, and more.
Brett Roessel
Oct 23, 2023
Acronym Monday: BPS
This is a unit of measurement for interest rates that are equal to 1/100th of 1.0%.
Brett Roessel
Oct 9, 2023
Acronym Monday: CU
Credit unions do all the same things as major banks, but the main difference is that CUs are non-profit.
Brett Roessel
Sep 25, 2023
Acronym Monday: FRM
Fixed Rate Mortgages are where you monthly payment will stay the same for the entire life of your mortgage term.
Brett Roessel
Sep 18, 2023
Acronym Monday: TR
Trigger rates apply to variable-rate mortgage holders that are on a fixed payment schedule.
Brett Roessel
Sep 11, 2023
Acronym Monday: DD
What is DD: The investigation of the facts about the physical and financial conditions of the property.
Brett Roessel
Aug 28, 2023
Acronym Monday: FHSA
What is FHSA: A new account that helps you save for your first home!
Brett Roessel
Aug 14, 2023
Acronym Monday: LTT
What is LTT? Land Transfer Tax is a one time fee, charged when transferring a property from one person to another in certain provinces.
Brett Roessel
Jul 30, 2023
Acronym Monday: MQR
Minimum Qualifying Rate;The Stress Test! A tool that lenders will use to ensure that your payment will still be comfortable if life happens!
Brett Roessel
Jul 17, 2023
Acronym Monday: MA
Mortgage Amount. This is often referred to as the principal; the initial sum of money you borrow from a lender to buy a home.
Brett Roessel
Jul 13, 2023
Top 10 Books to Boost Your Financial Literacy
My top ten financial literacy books that can help you better understand personal finance and money management.
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