There is such a thing as good debt.  Good debt is temporary, manageable debt that can bring you closer to your financial goals. It includes a well-structured mortgage, or borrowing to invest when it is designed to improve your overall financial position.

Bad debt gets in the way of building long-term wealth, and creates an ongoing burden that ranges from uncomfortable to crippling.  It includes credit cards, high-interest loans, and any of the dreaded “buy now/pay later” purchases. If you have some bad debt behaviours, call us for some professional mortgage advice. A mortgage is still the lowest-rate loan. If you’re borrowing – for any reason, including organizing your current debt – please let me know!