Foreclosure is every homeowner's worst nightmare. Nearly five million Canadians have mortgages. 12,000 Canadians have mortgages in arrears, opening the possibility of foreclosure. It is important to understand your rights in foreclosure or power of sale. Failing to...
What questions should you ask a mortgage broker? Let's explore together. Did you know that over three million Canadians have a mortgage? If you’re interested in a mortgage loan, but don’t know where to start, don’t panic. There are professionally licensed individuals...
In this article, we are going to explore the differences between a home equity loan vs a HELOC. After years of paying a mortgage, putting that money into your home can pay off. Whether you're looking at extensive home renovations, your kid's college expenses, or...
Self-employed and looking for mortgage options? Let's say you're in the market for a new house, and after months and months of searching, you've finally landed on your dream choice. Problem is, you'll need to get a mortgage to pay for it. And since you're...
A bad credit score in Canada isn't defined by one thing. Almost 10% of Canadians are falling behind on bills. When you start falling behind on bills, your credit drops. For every dollar spent, Canadians owe $1.77. The only way to alleviate such a debt-to-income ratio...
As a homeowner, the last option you want to resort to is selling your house because you had your mortgage renewal denied. Financial institutions can deny you for many reasons, and it's important to prepare for this possibility. Fortunately, if you've been denied a...
Getting approved for a loan with bad credit isn't as difficult as most people think. Bad credit generally means that you have long overdue unpaid debts. Or, you have the habit of not paying your bills or mortgages on time. Another factor that contributes to bad credit...
Power of sale. Three words you never want to hear as a homeowner. Unfortunately, keeping up with your mortgage payment can be a very difficult task. Unexpected expenses like automotive repairs, sudden injuries, or changes in work circumstances can prevent borrowers...
Owning a rental property is a very popular investment strategy for earning additional income, but it's not without its share of complexities. Liability, finding a responsible tenant, and property management are just a few of the burdens that property owners must take...
In response to the increasing demand fueled by rising unemployment rates in Canada, home equity loans tailored for the unemployed are now a readily available financial solution. With job uncertainty on the rise, these loans have become more popular than ever. If...
"High interest debt can feel like you're running on a treadmill at full speed and getting nowhere fast." This sentiment is shared by millions of Canadians who find themselves shackled by credit card bills, personal loans, or other forms of high-interest debt. It’s...
Have you ever felt like your credit score haunts you at every financial turn? You’re not alone in this journey! Many folks in Calgary are in the same boat, dealing with the burden of bad credit. But good news is, there are Bad credit lenders in Calgary who offers...
The Canadian real estate market is buzzing with anticipation. A powerful rebound in home sales is predicted to take hold in 2024, sparking a discussion on what this means for prices. With sales set to rise, what are the implications for homeowners, buyers, and...