Welcome to the Education Station

I have a few strategies to help you manage your mortgage with rising interest rates AND build equity in your home.

Know Your Client. A set of standards required by financial professionals to verify the identity, suitability, and risks involved of clients.

Loan To Value. The percentage of a loan a lender will cover against the appraised value of the property you want to buy.

Canadian Pension Plan. This is a retirement pension that replaces part of your income when you retire.

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.

Net Income. This is the money you actually get from your paycheque or income each month after payroll deductions, benefits, and taxes.

Refinance is the restructuring of your current mortgage to take secure better interest rates, terms, or increase cash flow.

Insured Retirement Plan. This is a way to leverage a permanent life insurance policy to grow your money, potentially tax-free.

This is an individual who purchases a principal residence for the very first time.

This is the fee investors pay to have professional money managers take care of their mutual funds and ETFs.

Financial Consumer Agency of Canada. This is an agency that's set up to protect you, the consumer operating under two primary mandates.

Cash Flow. This is simply, the movement of money in and out of your accounts. Master your cash flow, and win the budget game!

Locked-in Retirement Account. Unlike a regular RRSP, the amounts in a LIRA are locked-in and can only be used for retirement income.

The Prime Lending Rate is the interest rate set by the Bank of Canada that financial institutions use to determine their interest rates.

A line of credit is a flexible loan from a financial institution, functioning similar to a credit card, but usually with a lower rate.

Net Operating Income. his is a formula that property investors use to determine the profitability of a property.

This is an organization in a community or condo that collects regular fees to pay for common area maintenance and the upkeep of facilities.

Better known as the 'sticker price,' this is the suggested price the manufacturer recommends that the retailer sell the product.

A pre-authorized debit allows the biller to withdraw money from your bank account when a payment is due.

This is the monetary measure of a country's market value of all the final goods and services produced in a specific time period.