Scott Tremblay

On Sunday we talked about short term financial goals. Today we wanted to talk more about medium term goals and some examples of them. Some examples of medium term financial goals might be: - Getting life insurance and disability income insurance to protect your family... - Thinking about buying a first home or vacation home - Plans to renovate, make a big move, or increase saving so that you'll have money to start a family or to send children to university.

I think we’re all aware that talking about money and financial things isn't always a topic of conversation among friends. However, we really think it's something more of us should be talking about. The general awareness of a lot of financial tips and saving practices may not be the most fun topics, but they are certainly some of the most valuable to understand. So when it comes to goal setting, we want to look at things from a short term, medium, and long term time frames.... Among your short term goals might be to: - Establish a budget to live within your means - Create an emergency fund or increase your emergency fund savings to a certain level - Pay off credit cards - Save money to take a night course What are some other examples of short term goals? We’d love to hear your input in the comments!

So you might be thinking, I don’t need to worry about my financial plan, I have plenty of time to figure that out! However, saving early gives you the ability to build wealth faster as compound interest and time works in your favour! Plus, establishing good savings habits early on in life will set the stage for an improved ability to achieve financial goals and independence.... It's important to do so to avoid the pitfalls of being over leveraged with debt obligations that may have high borrowing costs. To learn more check out my website and get a free copy of our Home Buyers Guide! https://isaskmortgage.ca/saskatoon-home-ownership-guide/

Ok, now it's time to calculate your financial inventory. Grab your recent bank statements along with your drink of choice and have a seat. Review your most recent bank and investment statements for all your holdings. You want to take an inventory of each item and identify the most current date to provide you context.... Add up all your assets (A) and deduct all the liabilities (L) and you will calculate a net worth (NW). The equation is A - L = NW

We are here for our clients from their first mortgage and beyond! There are no silly questions :)

Mortgage default insurance protects lenders in the event a borrower defaults on their mortgage. It does not protect the borrower or a guarantor. If a borrower defaults, the insurer may oversee all legal proceedings and payment enforcement.

Tick tock, tick tock If your mortgage is up for renewal you might be able to find a different rate that works better for you. With historically low rates you could be saving thousands of dollars by changing lenders or bank. Speak to US today... It’s free and they are more than happy to help. Tip of the day: You can ask a mortgage broker to hold interest rates for you for up to 120 days! If you’re up for renewal soon, it’s time to take action!

First of all, let’s talk about Equity Owning a property gives you leverage when looking for financing in the future. If you are thinking of buying a home you should check out the financial literacy page on my website and get a free workbook to help you plan better for your future! www.centum.ca/scott_tremblay/financial_literacy

We put together this animation to try and highlight the advantages of making a more substantial down payment and how it affects the payments you will make over the term. Do you have any questions about your current mortgage term? Let us know, we're always happy to answer any questions you may have!

Mortgages are something we could talk about for days, but what exactly is a mortgage? What makes a mortgage different from a standard loan? Swipe to learn more!