Rebates and programs designed for a first-time home buyer are helping to make housing more affordable and accessible for Canadians. Here are 3 ways you can stretch your dollar and help you move from buying your first home to owning your first home. Back to Basics Before we jump into the rebates and programs, let’s […]
First-Time Home Buyer? Here Are the Ways to Save and Get Ahead Read More »
Congratulations! You’re almost able to call yourself a first-time home owner. You’ve done your research on all the ways to stretch your money through rebates and incentives, and you finally saved up enough cash to make things work. Now it’s time to make a plan for the first day, week, and month at the place
First-Time Home Owner? Don’t Miss These 8 Things When You Move In Read More »
If you’ve got a high interest credit card with a lot of debt, it can seem like you’re trying to swim uphill with a weight on your ankle. Any payments you make don’t make a dent in the amount owed. It all goes to paying off the interest. All the while your credit score continues
Should I Be Excited To Use A Balance Transfer To Clear My Credit Debt? Read More »
Traditionally, the curriculum in elementary and secondary schools hasn’t included any kind of personal finance courses (or chapters, even). So, it’s no wonder that so many adults find themselves crushed by debt or living paycheck to paycheck. It’s time to nip that in the bud! Here are some basic budgeting tips that everyone needs to know.
Budgeting Tips Everyone Should Know Read More »
Buying a home is one of the biggest decisions you’ll make with your money. But not everyone has the money to pay for a house in full at once. This is where a mortgage comes into play. Implemented after The Great Depression to help stimulate the economy, mortgages help just about anyone increase their wealth. Before mortgages, a buyer had to provide a 50% down payment with the remaining loan from the seller. Now, banks and other lenders ask for a cool 20% down payment and charge interest on your remaining balance. But what makes up a mortgage? Here’s everything you need to know about mortgages, mortgage rates, and what’s considered for you to get one.
Mortgages 101: A Beginner’s Guide Read More »
Your credit score is usually a number between 300 and 900. The higher the number, the better the credit score. Improve your credit score by: paying bills on time, saying under your credit limit, reduce your credit balance, lengthen your credit history, and limit credit checks.
How to Avoid Getting Bad Credit Read More »
The topics of creditworthiness and credit history are constantly at the forefront of people’s minds when applying for or renewing their mortgage. The world is full of people from different walks of life, so it goes without saying that we’re all in a different situation when it comes to debt. Some have very little debt, with different combinations of credit cards and few trade lines (like student loans). Some of us may have none, which isn’t always great. There are ways to use credit and debt strategically, and make it work in our favour!
Credit History: How Long to Fix Bad Credit? Read More »
Shopping around for a better mortgage rate is very common, and often encouraged. It’s obvious; people don’t want to pay a higher rate if there’s a lower one available! Getting the best mortgage rate can be a competitive feat – clients want to be sure they got the best mortgage rate possible.
However, it’s an irrelevant topic. Mortgage rates change often, and each client’s situation is different!
Mortgage Renewal: Shopping for a Better Mortgage Rate? Read More »
