A horrible credit score after finishing a consumer proposal isn't necessarily your fault. Many who've completed a consumer proposal are surprised to learn that numerous mistakes on their credit report ... Read More
Many services are available to give Canadians free access to their credit scores, but the problem is they all provide different results. No industry standards exist to ensure credit score ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases where it makes sense to bypass this process, yet still ... Read More
Having the right down payment strategy can save you a lot of money in the long term, and pay back with more equity growth in your new home. Learn the ... Read More
Glossary and explanation of important mortgage terms, with links to relevant articles that discuss the nitty gritty. Links to related concepts make this glossary a great learning tool ... Read More
Mortgage pre-approval is essential to knowing what your affordability range is before you make an offer to purchase a home. We explain how lenders decide what you can afford and ... Read More
Mortgage #FAILS. Learn the underwriting risk factors that lenders use when evaluating your mortgage application, and the top 10 reasons why you may not qualify for a mortgage ... Read More
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ... Read More
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ... Read More
First-time buyers can sometimes get confused by the terminology. For example, they understand you have to make a deposit when your Offer to Purchase ... Read More
This is a cautionary story about the importance of having your own unique personal credit facilities, and not to simply carry supplemental cards in ... Read More
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if sellers didn't generously extend ... Read More
When you close your purchase mid-month, you might have to prepay a few days’ interest on your closing date— it’s called the interest adjustment, ... Read More
Mortgage professionals often fall into the trap of presuming knowledge and understanding of our terminology that simply isn’t there – especially with first time ... Read More
There is a lot more to choosing your mortgage than simply hammering your banker into submission and nailing the lowest interest rate possible. Sorry ... Read More
Today I want to vent about societal problems developing as a result of high real estate prices. Homeownership is so expensive these days – ... Read More
Published: • Reader Asks: "What's the Right Choice? Pay Down Student Debt, Or Save Down Payment For Investment Property?" Today's question comes from Alison ... Read More
Multi-offer situations (bidding wars) typically rear their ugly head in a heated market, when a desirable home in a good neighbourhood is deliberately listed ... Read More
