1
vote
0answers
7 views
Home office write off on a line of credit mortgage
I've been looking at mortgage products such as Manulife One - which work like a line of credit based on the equity in your home. The monthly payment is the interest on the amount l …
2
votes
3answers
326 views
Use retirement to pay off debt: Should I cash in RRSP to repay Line of Credit?
The amount I have in RRSP savings is exactly equal to the amount I have in Home Equity Line of Credit debt (significant, but aside from home mortgage, my family has no other debt). …
1
vote
1answer
20 views
Can a Line of Credit be re-financed? Is it like a mortgage, with a term?
I have a home equity line of credit, for which I have had trouble making large payments against since my career change. I'm wondering if I should be concerned over the interest ch …
3
votes
3answers
35 views
I have a secured line of credit (substantial balance) as well as a retirement account. Am I wisest to pay off my debt before contributing to my retirement account?
What if it will take me 15 years to pay off my debt? Should that ALWAYS be what I pay down first?
