There is more than one type of adjustable/variable rate mortgage and it is important to know which type you have. If you have an Adjustable Rate Mortgage then as the prime rate has been changing, so have your payments, which keeps the amortization the same. With a Variable ...

I recently saw a TikTok in which the interviewer asked people how much their car payment was. All of the payments were between $1000 and $2000/month and many of those were amortized over 7 years. Here is the thing, every $500 in debt payment is roughly equal to   ...

When COVID hit, the Bank of Canada dropped Prime Rate very quickly and started a fast and furious process of Quantitative Easing. This was to ensure that banks and other financial institutions have access to inexpensive funds to ensure a strong, secure economy. Back in 2008, during the US Sub-Prime ...