Ready To Buy A Home? How To Assemble A Great Support Team
Ready To Buy A Home? How To Assemble A Great Support Team
Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you search for the right team members, it's helpful to know ...
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First Time Homebuyer? The Government Wants To Give You Money.
First Time Homebuyer? The Government Wants To Give You Money.
How to get your share of government financial incentives available Canadian first time homebuyers. There's lots available, but in most cases you need to ask for what you're entitled to ...
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Good Credit Hygiene Saves Over $100K On Typical Mortgage
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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Recent Articles

When Do You Need a Co-Signer For Your Mortgage?
When Do You Need a Co-Signer For Your Mortgage?
In 2021, mortgage qualification rules are stricter and homes are more expensive as a whole. In this market, it’s not always easy to qualify for a mortgage on your own ...
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What Is The Impact Of Rising Interest Rates On Mortgage Pre-Approvals?
What Is The Impact Of Rising Interest Rates On Mortgage Pre-Appro...
With inflation in Canada at its highest levels in 18 years, talk has resumed about the prospect of higher mortgage much sooner than originally thought. And in fact, ...
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7 Things You Need To Know About Bridge Mortgages
7 Things You Need To Know About Bridge Mortgages
If your current home will not be sold prior to buying your next home, you probably need a bridge mortgage. The cost and ability to access such financing can vary ...
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COVID-19

How to Fix or Rebuild Credit Fast in Canada
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 that's lower than ...
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COVID-19 Impact on Canadians' Financial Well-Being
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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COVID-19 EI Benefits and CERB Updates -- Q & A from Social Media
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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COVID-19 Q & A: Is It Possible to Renew a Mortgage While In a Consumer Proposal?
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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Mortgages 101 -- What You Need to Know Before Applying For a Mortgage
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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Good Credit Hygiene Saves Over $100K On Typical Mortgage
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 ...
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What Does a Private Mortgage Cost?
What Does a Private Mortgage Cost?
Private have a number of costs you may not expect, and different terms and benefits than traditional mortgages. Rather ...
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Private Mortgage FAQs: What Is a Private Mortgage and When Would You Need One?
Private Mortgage FAQs: What Is a Private Mortgage and When Would ...
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages ...
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How To Bypass Canada's Mortgage Stress Test When It Gives a False Negative
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 ...
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What is a Consumer Proposal?
What is a Consumer Proposal?
Consumer proposals are an important part of the Canadian insolvency process, and are the main alternative to filing for bankruptcy ...
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Using Home Equity Loan to Pay Off CRA Tax Debt
Using Home Equity Loan to Pay Off CRA Tax Debt
Tax arrears Is a debt that can't be negotiated away, with a creditor you can't afford to ignore. It's never ...
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Mortgage Pre-Approval In Canada: What It Is & How To Get It
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 First Home
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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Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice From ASKROSS.ca
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage ...
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mortage renewal 700450X THUMBNAIL (1)
Mortgage Renewal Tips For Ontario
Auto-renewing your mortgage is easy, but can be a very poor financial decision. These top 3 mortgage renewal tips will ...
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Alternative Mortgage Lenders Explained
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role ...
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Buying a Home After a Consumer Proposal
Buying a Home After a Consumer Proposal
after a consumer proposal is a real possibility, but you must prepare for the credit history challenge ...
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Two Ways To Pay Off Your Consumer Proposal Early
Two Ways To Pay Off Your Consumer Proposal Early
Once your consumer proposal is approved, a new reality sets in and you adjust to a life of better budgeting ...
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The Myths About Co-Signing For a Mortgage
The Myths About Co-Signing For a Mortgage
What makes a strong mortgage co-signer? Not a great job, nor huge equity with tiny mortgage, nor a fantastic credit ...
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Private Second Mortgage Solved Big Problems
Private Second Mortgage Solved Big Problems
Private mortgages are great tools for solving specific types of problems. Homeowners who need to consolidate debts or pay off ...
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Early Pay Off Of Consumer Proposal Led To Best Mortgage Possible
Early Pay Off Of Consumer Proposal Led To Best Mortgage Possible
When the bank said 'no' to mortgage renewal because of a consumer proposal, switching to an alternative lender and paying ...
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You Must Review Your Credit History Before a Mortgage
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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Why Refinancing Makes Sense
Why Refinancing Makes Sense
Refinancing your mortgage can be a great tool to achieve many different financial goals, from saving money by lowering your ...
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All Articles

Managing first credit card
Managing first credit card
My teen has racked up debt on their first credit card! "Dear Ross: As a parent of an otherwise wonderful and responsible 18 year ...
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7 Secrets About Credit 700x450X THUMBNAIL
7 Secrets About Credit
People are far more aware of the importance of their personal credit history than they ever used to be. And you can never have ...
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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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Why Refinancing Makes Sense
Why Refinancing Makes Sense
Refinancing your mortgage can be a great tool to achieve many different financial goals, from saving money by lowering your rate, to consolidating debts, ...
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Come to the dark side
Come to the dark side
Credit rating and savings are not always a mortgage slam dunk Anytime someone wants to borrow money – for whatever reason, from whomever, lenders ...
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Bankruptcy And Mortgage Refinance Not The Answer
Bankruptcy And Mortgage Refinance Not The Answer
Published: • Bankruptcy and consumer proposals may not be an option if abuse of your credit privileges is suspected Recently I received an email ...
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Couple Spends More Than They Make
Couple Spends More Than They Make
Not Balancing Your Is More Stressful In Long Term Than Taking Your Lumps Now Brian and Susan have down sized their home three ...
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Force yourself to manage your finances
Force yourself to manage your finances
Force yourself to manage your finances No one else is going to do it for you. It’s one of your biggest day to day ...
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Secrets of Financial Success
Secrets of Financial Success
Here are some insights to achieving financial success. These secrets will help people in all circumstances, but mostly every day people facing every day ...
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How to manage debts, savings and mortgage
How to manage debts, savings and mortgage
Most of us struggle with finding a balance in our personal finances. A reader recently asked me: "I have a good question for you ...
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Build and maintain an awesome credit history 700x450X THUMBNAIL
Build and maintain an awesome credit history
Why is it important to build and maintain an amazing credit history? When the time comes to borrow money (buy a car, buy your ...
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Rebuild Credit Score 700x450X THUMBNAIL
Rebuild Credit Score During Consumer Proposal
If you are in a consumer proposal you can and should be rebuilding your personal credit history already. Don't listen to people who tell ...
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Credit Score Needs a Quick Increase
Credit Score Needs a Quick Increase
The fastest way to see a boost in your Hi Ross, I have a client who wants to close a couple of ...
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Income tax time
Income Tax Time
If you're getting income taxes done, you need a great accountant There are a few things in life we all covet dearly – like ...
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Unused Tuition Tax Credits
Unused Tuition Tax Credits
How to turn unused tuition tax credits into cash Hi Ross, I have accumulated a large amount of tuition tax credits over the past ...
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Use credit cards like debit cards with benefits 700x450X THUMBNAIL
Use credit cards like debit cards with benefits
When is it beneficial to use a credit card instead of a debit card? Almost always if you can resist the temptation to make ...
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Second Mortgage Can Fix Debt Problems
Second Mortgage Can Fix Debt Problems
If you are a homeowner and find yourself with an intolerable unsecured debt burden, you should for sure consider tapping into the equity of ...
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Trustee In Bankruptcy Catches Mortgage Fraud
Trustee In Bankruptcy Catches Mortgage Fraud
It doesn't pay to try to cheat the system. These folks are professionals who will easily see through any attempts to deceive. And it ...
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