Brett RoesselMay 16Managing Your Big Asset With Rising Interest RatesI have a few strategies to help you manage your mortgage with rising interest rates AND build equity in your home.
Brett RoesselMar 30Acronym Monday: KYCKnow Your Client. A set of standards required by financial professionals to verify the identity, suitability, and risks involved of clients.
Brett RoesselMar 16Acronym Monday: LTVLoan To Value. The percentage of a loan a lender will cover against the appraised value of the property you want to buy.
Brett RoesselMar 2Acronym Monday: CPPCanadian Pension Plan. This is a retirement pension that replaces part of your income when you retire.
Brett RoesselFeb 16Make Your Big Asset Work For You—RefinancingYour 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 RoesselFeb 9Acronym Monday: NINet Income. This is the money you actually get from your paycheque or income each month after payroll deductions, benefits, and taxes.
Brett RoesselJan 11Acronym Monday: REFIRefinance is the restructuring of your current mortgage to take secure better interest rates, terms, or increase cash flow.
Brett RoesselDec 14, 2021Acronym Monday: IRPInsured Retirement Plan. This is a way to leverage a permanent life insurance policy to grow your money, potentially tax-free.
Brett RoesselNov 30, 2021Acronym Monday: FTHBThis is an individual who purchases a principal residence for the very first time.
Brett RoesselNov 16, 2021Acronym Monday: MERThis is the fee investors pay to have professional money managers take care of their mutual funds and ETFs.
Brett RoesselNov 2, 2021Acronym Monday: FCACFinancial Consumer Agency of Canada. This is an agency that's set up to protect you, the consumer operating under two primary mandates.
Brett RoesselOct 26, 2021Acronym Monday: CFCash Flow. This is simply, the movement of money in and out of your accounts. Master your cash flow, and win the budget game!
Brett RoesselOct 12, 2021Acronym Monday: LIRALocked-in Retirement Account. Unlike a regular RRSP, the amounts in a LIRA are locked-in and can only be used for retirement income.
Brett RoesselSep 27, 2021Acronym Monday: PLRThe Prime Lending Rate is the interest rate set by the Bank of Canada that financial institutions use to determine their interest rates.
Brett RoesselSep 13, 2021Acronym Monday: LOCA line of credit is a flexible loan from a financial institution, functioning similar to a credit card, but usually with a lower rate.
Brett RoesselAug 30, 2021Acronym Monday: NOINet Operating Income. his is a formula that property investors use to determine the profitability of a property.
Brett RoesselAug 17, 2021Acronym Monday: HOAThis is an organization in a community or condo that collects regular fees to pay for common area maintenance and the upkeep of facilities.
Brett RoesselAug 3, 2021Acronym Monday: MSRPBetter known as the 'sticker price,' this is the suggested price the manufacturer recommends that the retailer sell the product.
Brett RoesselJul 20, 2021Acronym Monday: PADA pre-authorized debit allows the biller to withdraw money from your bank account when a payment is due.
Brett RoesselJul 6, 2021Acronym Monday: GDPThis is the monetary measure of a country's market value of all the final goods and services produced in a specific time period.