News And Articles
Mortgage Benefits: What first-time buyers should know about home-buying choices
July 23, 2018Home ownership is a dream for many Canadians. However, many prospective home buyers are ill-prepared when it comes to taking the steps towards becoming home owners. That’s because they do not understand the options available to them, in terms of home-buying choices. More importantly, first-time buyers don’t realize the longer-term financial consequences on their mortgage… Read More
How to Find a Loan Provider When Your Credit Score is Less Than Perfect
July 11, 2018Not everyone in Canada has a “perfect” credit score. Sometimes, try as hard as you might, you may have less than the ideal credit score. In some instance, you could even have bad or poor credit. However, you might still need to borrow money or take out a personal loan. We’ll tell you what you… Read More
Canada’s Financial Regulatory Landscape and Your Ability to Borrow
July 8, 2018Canada’s financial institution regulatory framework covers Federally and Provincially-regulated institutions. While federally-regulated organizations operate Canada-wide, provincially-regulated institutions operate locally within a specific province. However, following the credit crisis of 2009 and, more recently, the household debt situation, we’re seeing a rise in Non-regulated Financial Institutions (NRFIs). What are Regulated Financial Institutions (RFIs)? Canadian Regulated Financial Institutions… Read More
Top Tips for First-Time Home Buyers
May 30, 2018Signing your mortgage contract is a decision, good or bad, that will affect you for a good few years into the future. We’re here to give you guidance on the necessary, but often overlooked, aspects to consider when picking out your home. This article also helps to put your mortgage into perspective with your life… Read More
Safety Advice For Online Shopping with Your Credit Card
May 19, 2018I’ll start this article off by saying that using credit rather than debit cards online is far safer. Consumer protection is much more robust with credit cards, and you can even get zero liability policies. You can dispute fraudulent charges more easily if you pay with your credit card rather than a debit card…. Read More
How to find the right mortgage provider for you and questions to ask along the way
May 16, 2018There are two aspects of mortgage loans that I want to write about today. First is how to decide on a mortgage provider. You need to choose carefully, find an expert who’s trustworthy and professional. It’s easy to see why, as you will be providing them with an all-access view of your finances. They are… Read More
Sak’s Fifth Avenue Credit Card Breach: What to Do if You’re Affected
April 3, 2018Toronto company HBC has been pinned down as the most recent company to suffer from a major data breach. Sak’s Fifth Avenue store credit cards have been subject to a security breach. Hudson’s Bay Co., commonly known as HBC is the owner of these stores. Five million of Sak’s Fifth Avenue and Lord & Taylor… Read More
Credit Card Reward Points Guide – How it All Works
March 27, 2018Credit card issuers want you to use their cards as often as you possibly can. So, what’s in it for them? The more you swipe or tap, the more fees they collect from merchants… It’s that simple! But how do they encourage you to use your card as frequently as possible? Points! You are rewarded,… Read More
Reasons Your Credit Score Isn’t as High as it Should Be
March 25, 2018You’re at the desk applying for your first mortgage, and you’ve consistently brought soggy, homemade sandwiches to your desk to get that down payment. You’ve done everything by the book; paying off your monthly credit card statement, only took out loans you knew you could payback and generally have kept your credit score in tip-top… Read More
Loans 101: Understanding Various Types of Loans
March 22, 2018If you lack the financial resources you need to meet a particular obligation, be it house repair, paying down an upcoming mortgage installment, settling an overdue credit card bill, or booking a vacation, you’ll most likely look to get a loan. But what type of loan should you seek – do you really know?… Read More