Mortgage Blog
Category: Financing (15 posts)
A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Carlos Tovar
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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What are credit scores and how are they important?
September 1, 2021 | Posted by: Carlos Tovar
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...
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2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Carlos Tovar
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...
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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
April 21, 2021 | Posted by: Carlos Tovar
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...
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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Carlos Tovar
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...
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Multi-Family Lending: What You Need To Know About Hard Money Loans
March 8, 2021 | Posted by: Carlos Tovar
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...
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How Good vs Bad Debt Impacts Your Household
February 15, 2021 | Posted by: Carlos Tovar
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...
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3 Tips on How to Better Your Credit Score
January 25, 2021 | Posted by: Carlos Tovar
Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...
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Should You Refinance Your Mortgage?
August 17, 2020 | Posted by: Carlos Tovar
There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refi ...
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How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out
June 8, 2020 | Posted by: Carlos Tovar
It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th ...
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3 Simple Ways to Repair Your Credit
June 1, 2020 | Posted by: Carlos Tovar
For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ...
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3 Smart Ways to Use a Home Equity Line of Credit
April 6, 2020 | Posted by: Carlos Tovar
For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always ...
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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
January 13, 2020 | Posted by: Carlos Tovar
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ...
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Why You Need an Emergency Fund And How to Get One
August 12, 2019 | Posted by: Carlos Tovar
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...
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Strategies to Dig Yourself Out of the Debt Hole
July 8, 2019 | Posted by: Carlos Tovar
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...
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