In this episode of The Glass Is Half Full, Richard Killen a Licensed Insolvency Trustee interviews David Trahair, Chartered Professional Accountant, a personal finance writer and trainer. He is also an author of six books on personal financial issues including three national bestsellers. He was a columnist for CPA Magazine from 2014 to 2018.

In the interview, they cover the following:

-          The type of debt that gets Canadians in financial trouble

-          Why 44% of Canadians do not pay off their credit card each month!

-          Credit card Interest Compounding Explained

-          What happens when I retire if I have no savings?

-          I’m in financial trouble, what can I do to improve my situation?

-          Cutting expenses- Do I Really need a car? 

-          Rewards on Credit Cards- Are they worth it?

-          Does it make sense to use a balance transfer to pay off a credit card?

-          Home Equity Line Of Credit (HELOC) and Reverse Mortgages Explained 

Contacts:
 David Trahair
 CPA, Writer and Author
 (416) 723-9075
[email protected]
https://trahair.com
Personal finance resources and online training to help anyone to take control and achieve their own economic dreams.

 Richard Killen & Associates Ltd Scarborough West
 https://www.g.page/killenscarboroughwest
 Licensed Insolvency Trustee and Licensed Consumer Proposal Administrator
 2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada
 Tel: +1 416-285-9511
 https://rkillen.ca
 Personal bankruptcies, consumer proposals and debt counselling. 
 Contact us for a fresh start (888) 545-5365
 This may be the most stress-relieving call you will ever make!

Richard Killen and Associates have 10 locations across the Greater Toronto Area.

The Glass Is Half Full

To be a guest on the show, please visit https://theglassishalffull.tv/be-a-guest/

In this episode of The Glass Is Half Full, Richard Killen a Licensed Insolvency Trustee interviews David Grossman, a Toronto mortgage broker with Rock Your Mortgage.
In the interview, they cover the following:

How do RESPS and other assets come into play during a bankruptcy?

- Mortgage insurance- is it worth it?

- Can a mortgage broker help people use their equity if they have a bad credit rating or are in debt?

- Should I use my equity to pay off my consumer proposal in full?

- Can I re-establish my credit after a bankruptcy or proposal?

- Can I get a mortgage with a bank I declared bankruptcy with previously?

- Will I lose my house in bankruptcy?

- Why should someone with debt issues talk to a mortgage broker?

- The story behind the Glass Is Half Full book. 

Contacts:
David Grossman
Toronto Mortgage Broker
(416) 876-2031
[email protected]
https://rockyourmortgage.ca/
Mortgages for Seniors, Self Employed, Credit Issues (Bad credit), First Time Buyers, Real estate investors, land and construction mortgages.

Richard Killen & Associates Ltd Scarborough West
https://www.g.page/killenscarboroughwest
Licensed Insolvency Trustee and Licensed Consumer Proposal Administrator
2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada
Tel: +1 416-285-9511
https://rkillen.ca
Personal bankruptcies, consumer proposals and debt counselling. 
Contact us for a fresh start (888) 545-5365
This may be the most stress-relieving call you will ever make!

Richard Killen and Associates have 10 locations across the Greater Toronto Area.

The Glass Is Half Full
To be a guest on the show, please visit https://theglassishalffull.tv/be-a-guest/

In this episode of The Glass Is Half Full, Richard Killen a Licensed Insolvency Trustee interviews David Grossman, a Toronto mortgage broker with Rock Your Mortgage.
In the interview, they cover the following:

For people just starting out, what do they need to know about mortgages?

• What kind of information do lenders need to know about borrowers?
• What are the different types of lenders other than banks?
• What is CMHC insurance for high ratio mortgages?
• Is there a different process for self-employed individuals to get a mortgage?
• Explain B lenders, C lenders and private lenders and how each works.
• What is a Mortgage Stress Test?
• How do RESPS and other assets come into play during a bankruptcy?

This is part one of a two-part video interview with David. You can watch Part two here. https://youtu.be/mQcViULQmLg 

Contacts:
David Grossman
Toronto Mortgage Broker
(416) 876-2031
[email protected]
https://rockyourmortgage.ca/
Mortgages for Seniors, Self Employed, Credit Issues (Bad credit), First Time Buyers, Real estate investors, land and construction mortgages.

Richard Killen & Associates Ltd Scarborough West
https://www.g.page/killenscarboroughwest
Licensed Insolvency Trustee and Licensed Consumer Proposal Administrator
2130 Lawrence Ave, E  #402, Scarborough, ON M1R 3A6, Canada
Tel: +1 416-285-9511
https://rkillen.ca
Personal bankruptcies, consumer proposals and debt counselling. 
Contact us for a fresh start (888) 545-5365
This may be the most stress-relieving call you will ever make!

Richard Killen and Associates have 10 locations across the Greater Toronto Area.

The Glass Is Half Full
To be a guest on the show, please visit https://theglassishalffull.tv/be-a-guest/