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Excerpt: There is a common myth among people who run a business out of their garage – that their homeowner policy will cover all problems. Unfortunately, almost every domestic policy excludes liability for commercial risks. Worse, if you fail to tell your insurance company about the change of use, this gives them the right in law to cancel the policy and not pay out a cent on any claim. This will be so even if what happened would normally have been covered by your policy. It all comes down to a simple test. The insurance company relies on you to describe…

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Excerpt: As a mortgage broker many people ask me for an opinion as to the best strategy at mortgage renewal time. As of this date March 26th 2010 we have probably the lowest interest rates we will ever see. In my 35 years I have never seen rates so affordable in Canada. 1.85% open, 3.35% 3 year,3.64% 4 year and 3.79% 5 year. Those are the rates being offered right now by one of our lenders OAC (On approved credit) So if you are looking for the lowest interest rates you don’t have to look far. Yes credit has tightened up…