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Advice for Life Spring 2024 Newsletter
By Alterna Team
March 26, 2024

So, you’ve come into some extra money, possibly an inheritance windfall or a raise in pay. And while you want to spend it on a new hot tub, you’re determined to make a more prudent financial move. Should you put that extra money toward paying down your mortgage, or should you invest it?

Inflation in Canada and in the U.S. remains muted, and interest rates remain near historical lows. Still, inflation can bite fixed-income investors.

A home equity line of credit (HELOC) or secured line of credit (SLOC) is a flexible way to borrow money against the equity you have built up in your home. It is a revolving line of credit, meaning you can borrow, repay and borrow again as long as you stay within your credit limit.

Did you know approximately 17.8 million Canadians received a tax refund? If you’ve filed your taxes for this year and know that you’ll be getting a refund, you might be wondering what to do with your refund.

In this spring issue you’ll find: spring mortgage outlook, how to navigate the challenging mortgage market, what to consider when switching your mortgage and so much more.

We know that owning a home is a dream that many Canadians aspire to. We want to help make your journey to becoming a homeowner as stress free as possible.