- How To Boost Your Credit Score In 4 Simple Steps - Why is your credit score important? If you want to get a mortgage, buy a car, take that vacation of a lifetime, or even rent an apartment, you will need a good credit score. This is the first thing that lenders and landlords will check to decide if they will take a risk on you. ...
- Your Guide To Eliminating Credit Card Debt - Having a credit card in today’s world seems inevitable when so many services and sales are often only available to a card holder online. Used responsibly, credit cards can be a beneficial financial tool. But while credit cards can offer rewards and cash back on everyday purchases, taking advantage of these perks hinges on your ...
- How Credit Scores and Mortgages Work - Getting approved for a mortgage involves being prepared with several things, including having a down payment saved, completing your mortgage application, and collecting all the supporting documents like your ID, employment history, annual income, and other items required by the lender. But aside from all the paperwork, there is one major factor that affects your ...
- Are You A Credit Risk? How You Can Still Get A Mortgage - We’ve all been there. That moment when we stare at the debt on our credit card statement and think, “How am I ever going to afford a house of my own?”. Your credit score may not be in the best shape due to your car breaking down, having to replace a big-ticket item, getting laid ...
- New Year; New Home! - Do your 2022 new year resolutions include moving and buying a home this year? Start your new year’s resolution ASAP. The housing market is still hot and interest rates are still at record lows. But, who knows if it will stay that way. Last year, homeowners saw around a 30% equity increase from 2020 to ...
- Why Is Your Credit Score is Important When Buying a House? - Buying a house is usually a big and exciting step in our lives. Once you’ve found the house you love, and contact a mortgage broker to secure the mortgage you need to buy it, your credit score is one of the first things that you will be reviewed by your mortgage lender. A Credit score ...
- How to improve your credit score to secure a mortgage - When getting approved for a mortgage, there are a few things you should come prepared with. There’s having a down payment saved, having your ID and employment history at the ready, but there is another major part of your application — Your credit score. A credit score is a number that is designed to represent ...
- Dealing with Debt, your mortgage & COVID-19: for the self-employed - Looking back at February in 2020, many self-employed individuals and business owners had no idea their world would change come March 15 onward. COVID-19 has had a vast impact on business owners and support from the government has been tough to navigate on many levels from an HR perspective, an operating standing point and cash ...
- New Year, New Financial Success - Many people make resolutions each year to get organized, eat healthy or exercise more. While those are all great pursuits, it’s also important to get your finances in order and work towards the goal of achieving more positive results where your money and lifestyle is concerned. More and more Canadians are getting deeper into debt, ...
- 3 Easy Ways to Keep Your Credit Score in Good Shape - How healthy is your credit score? It’s not likely something you consider every day, however, it is important to be aware of what shape your credit score is in, especially if you are planning on buying a home and will need to get approved for a mortgage from a mortgage lender. Before thinking about how ...
- Five Tips to Help You Tackle Your Debt This Spring - Ahhh spring… the birds are chirping, the sun is shining, plants are beginning to sprout – it’s the time of year that can inspire many to seek a fresh start. If you, like many Canadians, currently carry quite a bit of household debt, it may be a good idea to focus this fresh start on ...
- How to Avoid Common Mortgage Mistakes - The search is over. You’ve finally found the property of your dreams and you’re ready to make an offer. Congratulations! While purchasing a home or cottage is definitely an exciting time, it does also come with some associated stress. You have likely heard a story or two about the things that can go very wrong ...
- How Does the Bank of Canada Control Interest Rates? - The Bank of Canada seems to be shrouded in mystery; who are they and how can they control interest rates for an entire country? This unique corporation has an interesting job to do, and as Canadians, it’s rather comforting knowing they ultimately have our backs. What is the Bank of Canada and how does it ...
- New Mortgage Qualifying Rules & What You Need to Know - New mortgage rules were recently released by Canada’s top regulator of federal banks, The Office of the Superintendent of Financial Institutions (OSFI), and will take effect on January 1, 2018. These rules were designed to protect today’s housing market, and help avoid the economic risks associated with even a slight increase in interest rates. Many ...
- How Does the Equifax Breach Affect Canadians? - As many people may know, there was a massive security breach at Equifax recently. The reason there is such a buzz about it is because Equifax is one of the largest credit reporting companies, and it holds the personal and financial information of hundreds of millions of people. For Canadians, it was reported that approximately ...
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