News And Articles
Credit Cards: The ideal way to pay for Big Ticket purchases these days
October 22, 2018There was a time when Cash was King! Anything you needed, you had to pay cash. That changed (not so long ago, I might add), when people paid for Big ticket items, like home appliances and furniture, by cutting a cheque. Millennials may not have to use a cheque in their lifetime, since payment modes… Read More
Mortgages: The choice of a mortgage provider matters when investing in properties
October 19, 2018The ups and downs of the stock market are legendary. However, not every Canadian has the temperament or the patience to be a trader. And that’s why the Canadian property market offers a unique investment opportunity. But, when it comes to financing your property investment, be it through a first or second mortgage – how… Read More
Saving for Your First Home
September 12, 2018It’s a tough market to get a mortgage application approved. In order to avoid paying for default insurance, home buyers typically need to secure 20% of their home’s purchase price for a down payment. There are other benefits to paying a more substantial down payment. For one, it reduces your monthly principal and interest payment…. Read More
Our Guide to Paying Your Mortgage off Early
September 9, 2018With one in three Canadian mortgage holders feeling overwhelmed by their mortgage payments, we give you an insight into the advantages of paying off your mortgage ahead of time. The most important question to address in this article is whether it’s worth your while to pay your mortgage off early. And by this, I’m addressing… Read More
Mortgage Rate vs. APR
August 17, 2018After reading this article you will have empowered yourself with critical knowledge on the varying mortgage rates. Informed consumers get the best deals when shopping around. We’ve also included insights on how to calculate the various interest rates as well as resources to make sure you find the best deal. Nobody wants to… Read More
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