Category: Tips

9 Ways to Keep Your Credit Score as High as Possible (Part II)

9 Ways to Keep Your Credit Score as High as Possible (Part II)

In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and chances are none of those results are the credit score lenders see when you apply for a loan product such as a mortgage, credit card or car loan.

6-reasons-to-get-pre-approved

6 Reasons to get Pre-Approved for a Mortgage Early

When you think of the first steps involved in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, however, these aren’t the first steps toward buying a home.

Deferred Mortgage Payments A Credit Score Gamble

Deferred Mortgage Payments: A Credit Score Gamble?

Last week, the President of the Canadian Bankers Association announced that all six major banks would offer deferral payments on their mortgages and other credit products. Just like many public announcements over the last couple of months, many were left with more questions than answers.

Can You Qualify For A Mortgage After A Consumer Proposal?

Can You Qualify For A Mortgage After A Consumer Proposal?

After you file a consumer proposal, the last thing on your mind might be a new mortgage, but you may be a lot closer than you think. Maybe you wish to buy a home, or you own a home and are interested in refinancing your mortgage. Let’s first talk about purchasing a home. When Can […]

what-is-a-fixed-rate-mortgage

What Is A Fixed Rate Mortgage?

The interest rate on a fixed-rate mortgage is set for a pre-determined term. This offers the security of knowing what you will be paying for the term selected.

what-is-a-variable-rate-mortgage

What Is A Variable Rate Mortgage?

A mortgage in which payments may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest.

what-should-the-length-of-my-mortgage-term-be

What Should The Length Of My Mortgage Term Be?

The length of mortgage terms varies widely – from six months right up to 10 years. While four or five-year mortgages are what most home buyers typically choose, you may consider a short-term mortgage if you have a higher tolerance for risk, if you have time to watch rates or are not prepared to make a long-term commitment right now.

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