_completed consumer proposal 700450X THUMBNAIL (3)
Why Your Credit History Sucks After Completing a Consumer Proposal, and What You Can Do About It
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 ...
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Save 100k good hygiene
Good Credit Hygiene Saves Over $100K On Typical Mortgage
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 ...
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Mortgage Stress Test
How To Bypass Canada’s Mortgage Stress Test When It Gives a False Negative
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 ...
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Recent Articles

Your Down Payment
Why You Need A Down Payment Strategy
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 ...
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Mortgage Lingo You Need To Know
Mortgage Lingo You Need To Know
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 ...
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Mortgage Pre-Approval FAQs
Mortgage Pre-Approval FAQs
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 ...
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Why Is My Mortgage Application Declined?
Why Is My Mortgage Application Declined?
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 ...
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COVID-19

improve credit in canada fast
How to Fix or Rebuild Credit Fast in Canada
Situations often arise where a new mortgage application, or car loan/lease, is impacted by a credit score that's lower than ...
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Financial Wellbeing
COVID-19 Impact on Canadians’ Financial Well-Being
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ...
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EI/CERB Updates
COVID-19 EI Benefits and CERB Updates — Q & A from Soc...
Stay at home orders have forced many Canadians to be temporarily out of work and collecting government benefits for the ...
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Renew Mortgage
COVID-19 Q & A: Is It Possible to Renew a Mortgage While In ...
A reader asks whether COVID-19 has affected her ability to renew a mortgage while still in a consumer proposal, and ...
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Financial Q&A
COVID-19 Financial Questions and Answers
A running thread of reader questions and our answers and research about the impact of COVID-19 on your finances ...
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Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including ...
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mortgages 101 700450X THUMBNAIL
Mortgages 101 — What You Need to Know Before Applying For a...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it ...
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Mortgage Stress Test
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ...
Read More
mortgage pre approval 700450X THUMBNAIL (2)
Mortgage Pre-Approval In Canada: What It Is & How To Get It
Mortgage pre-approval is used by lenders to “vet” borrowers and estimate spending ability for a home purchase. Seven factors determine ...
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First Time Home Buyers Ontario: Everything You Need to Buy Your F...
In this primer for first time homebuyers, we examine how you know you're ready to take the leap, 7 steps ...
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You Must Review Your Credit History Before a Mortgage
Discovery of errors on a credit report at the last minute could have cost homebuyers the home they wanted if ...
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All Articles

ASKROSS: Toronto Homebuyers' Questions And Answers
ASKROSS: Toronto Homebuyers’ Questions And Answers
Here are a couple of questions from the AskRoss mailbag. One reader asks with prices so high in the Greater Toronto Area, which nearby ...
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The Difference Between Down Payment And Deposit
The Difference Between Down Payment And Deposit
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 ...
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35 Year AM May Reduce Mortgage Payment By Ten Percent
35 Year AM May Reduce Mortgage Payment By Ten Percent
35 year amortizations used to be a hot topic in the Canadian mortgage industry. There are still a couple of lenders offering them, but ...
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No credit history 700450X THUMBNAIL
No credit history qualified for a mortgage
This is a cautionary story about the importance of having your own unique personal credit facilities, and not to simply carry supplemental cards in ...
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review credit history 700450X THUMBNAIL
You Must Review Your Credit History Before a Mortgage
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 ...
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Interest Adjustment Date Explanation 700x450X THUMBNAIL
Interest Adjustment Date Explanation
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, ...
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what if your appraisal comes in too low
What If Your Appraisal Comes In Too Low
Some buyers are being pressured to limit (or even eliminate) conditions in their offer to purchase these days. If you are going to need ...
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What If Your Appraisal Reveals Problems
This year we have seen several instances where appraisals played a key role in determining the success of a purchase offer. Today I will ...
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Explain Mortgage Amortization Period And Term
Explain Mortgage Amortization Period And Term
Mortgage professionals often fall into the trap of presuming knowledge and understanding of our terminology that simply isn’t there – especially with first time ...
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First Time Buyers Can Borrow Down Payment
First Time Buyers Can Borrow Down Payment
Published: • More And More First Time Homebuyers Don't Have A Down Payment This spring we are meeting more and more first time buyers ...
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Offer To Purchase In a Competitive Situation
To win in a competitive situation (which is what the listing agent is trying to achieve by having a set date to receive offers), ...
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Condos Are The New Starter Home
Condos Are The New Starter Home
So much has happened since we first wrote this article in 2014. Condos did become starter homes, and in big cities like Toronto and ...
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type of mortgage 700x450X THUMBNAIL
What Type Of Mortgage Is Right For You
There is a lot more to choosing your mortgage than simply hammering your banker into submission and nailing the lowest interest rate possible. Sorry ...
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RISING REAL ESTATE 700x450X THUMBNAIL
Rising real estate values creating lots of problems
Today I want to vent about societal problems developing as a result of high real estate prices. Homeownership is so expensive these days – ...
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First home or student loans_2 700x450X THUMBNAIL
Buy first home or repay student loans?
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 ...
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First home or student loans?
First home or student loans?
Should you buy your first home or pay off your student debt? This is part two of the response to a question from Alison, ...
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No Condition of Financing Nightmare
No Condition of Financing Nightmare
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 ...
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4 Ways To Buy A Home With No Down Payment
4 Ways To Buy A Home With No Down Payment
From time to time I meet people who are anxious to buy a home, but have no down payment saved up. They are frustrated ...
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