Like with most things, the question of a fixed vs variable mortgage isn’t back and white. There are benefits to both, and can ultimately come down to personal preference. So, what’s the difference? Fixed Mortgage Rate Choosing this option means your interest rate and your overall mortgage payments will stay the same for the entire …
Fixed Vs Variable Mortgage: What’s the difference? Read More »
If you’re planning a move, especially if you’re a first-time home buyer, you might be wondering what’s the difference when it comes to a mortgage broker vs bank? Well, the truth is that there are many reasons you might choose a Mortgage Broker over directly dealing with a bank. Before we get into that however, …
Mortgage Broker Vs Bank: How Do I Make The Best Choice? 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.
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.
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!
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!
