Managing Your Big Asset With Rising Interest Rates
I have a few strategies to help you manage your mortgage with rising interest rates AND build equity in your home.
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Brett Roessel
- Mar 30
Acronym Monday: KYC
Know Your Client. A set of standards required by financial professionals to verify the identity, suitability, and risks involved of clients.
Brett Roessel
- Mar 16
Acronym Monday: LTV
Loan To Value. The percentage of a loan a lender will cover against the appraised value of the property you want to buy.
Brett Roessel
- Mar 2
Acronym Monday: CPP
Canadian Pension Plan. This is a retirement pension that replaces part of your income when you retire.
Brett Roessel
- Feb 16
Make Your Big Asset Work For You—Refinancing
Your home is one of the most powerful assets you can own. Refinancing is just one way you can make your asset work for you.
Brett Roessel
- Feb 9
Acronym Monday: NI
Net Income. This is the money you actually get from your paycheque or income each month after payroll deductions, benefits, and taxes.
Brett Roessel
- Jan 11
Acronym Monday: REFI
Refinance is the restructuring of your current mortgage to take secure better interest rates, terms, or increase cash flow.
Brett Roessel
- Dec 14, 2021
Acronym Monday: IRP
Insured Retirement Plan. This is a way to leverage a permanent life insurance policy to grow your money, potentially tax-free.
Brett Roessel
- Nov 30, 2021
Acronym Monday: FTHB
This is an individual who purchases a principal residence for the very first time.
Brett Roessel
- Nov 16, 2021
Acronym Monday: MER
This is the fee investors pay to have professional money managers take care of their mutual funds and ETFs.
Brett Roessel
- Nov 2, 2021
Acronym Monday: FCAC
Financial Consumer Agency of Canada. This is an agency that's set up to protect you, the consumer operating under two primary mandates.
Brett Roessel
- Oct 26, 2021
Acronym Monday: CF
Cash Flow. This is simply, the movement of money in and out of your accounts. Master your cash flow, and win the budget game!
Brett Roessel
- Oct 12, 2021
Acronym Monday: LIRA
Locked-in Retirement Account. Unlike a regular RRSP, the amounts in a LIRA are locked-in and can only be used for retirement income.
Brett Roessel
- Sep 27, 2021
Acronym Monday: PLR
The Prime Lending Rate is the interest rate set by the Bank of Canada that financial institutions use to determine their interest rates.
Brett Roessel
- Sep 13, 2021
Acronym Monday: LOC
A line of credit is a flexible loan from a financial institution, functioning similar to a credit card, but usually with a lower rate.
Brett Roessel
- Aug 30, 2021
Acronym Monday: NOI
Net Operating Income. his is a formula that property investors use to determine the profitability of a property.
Brett Roessel
- Aug 17, 2021
Acronym Monday: HOA
This is an organization in a community or condo that collects regular fees to pay for common area maintenance and the upkeep of facilities.
Brett Roessel
- Aug 3, 2021
Acronym Monday: MSRP
Better known as the 'sticker price,' this is the suggested price the manufacturer recommends that the retailer sell the product.
Brett Roessel
- Jul 20, 2021
Acronym Monday: PAD
A pre-authorized debit allows the biller to withdraw money from your bank account when a payment is due.
Brett Roessel
- Jul 6, 2021
Acronym Monday: GDP
This is the monetary measure of a country's market value of all the final goods and services produced in a specific time period.