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...
There are currently over 4 million residential mortgages in Canada, with millions of residents paying off their homes in different ways. The way you finance your mortgage might not be the same as your neighbor's. For obvious reasons, it all depends on your job,...
Before your mortgage is paid off, you'll likely need it renewed at least once. This is common practice for home buyers, but it can be a difficult space to navigate. One of the most common questions we get about mortgage renewals is: does it happen automatically? The...
"Flexibility is the new stability." In today's unpredictable economic climate, it’s more than a clever phrase—it's a survival strategy for Canadian homeowners. The Canadian mortgage market has become more competitive and regulated, making it harder for many...
Did you know that over 60% of Canadians live paycheck to paycheck, struggling to manage essential expenses and unexpected costs? With financial stress at an all-time high, many Canadians are searching for simple, effective ways to take control of their money. The...
"When America sneezes, Canada catches a cold." This classic saying still holds today, especially when it comes to the economy. For Canadian homeowners, events in the United States—particularly an election—can create ripple effects that influence everything from...