It’s pretty easy to track your credit score these days—perhaps through a paid subscription to Equifax Canada or Trans Union Canada, or through free offerings from your bank, or other entities such as Borrowell, Credit Karma, Mopolo or Mogo.
Dream kitchens and luxurious bathrooms are often the go-to renovations for homeowners looking for the best return on investment, but experts suggest the biggest bang for their buck might be as simple as replacing a garage door.
This is one spot that no one wants to end up in: you’ve found the house you want, your offer has been accepted, but it all falls through because you don’t have financing in place. Lenders deny mortgage applications all the time, and it pushes would-be homeowners back to square one.
Make sure you’re working with an experienced professional mortgage planner. The largest financial transaction of your life is far too important to place into the hands of someone who isn’t capable of advising you properly and troubleshooting the issues that may arise along the way.
Ok, your buying your home, you have applied for a mortgage and you have been pre-approved!
In order to qualify for certain mortgage and loan products, a minimum credit score is essential. Even if your score is sufficient to qualify, you might find the rates being offered will be lower than if you had a higher score.
Buying a home can be stressful, especially for those who are new to the process, but the positives of homebuying and having a mortgage are also clear.
Canadian home prices have lagged inflation over the past year according to a leading index.
There are signs that Canada’s housing market is about to get hotter.
