Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of...

If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can...

Today, in its second scheduled policy decision of 2022, the Bank of Canada made good on its pledge to increase interest rates in the face...

This week’s interest rate announcement by the Bank of Canada was almost universally expected to bring an increase; probably 0.25% but...

You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single...

Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, you’ve come to the right place! Here’s how it works. When you work with an independent mortgage professional, it won’t be a problem to qualify your income on a mor

When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for a mortgage, if the property you’re looking to purchase isn’t in good condition, if you don't have a plan, you might get some pushback from the lender. The property matters to the lender because they ho

Sometimes life throws you a financial curveball. Bankruptcy and consumer proposals happen. It doesn’t mean your life is over, and it...

Credit. The ability of a customer to obtain goods or services before payment, based on the trust that you will make payments in the future. When you borrow money to buy a property, you’ll be required to prove that you have a good history of managing your credit. That is, making good on all your payments. But what exactly is a “good history of managing credit”? What are lenders looking at when they assess your credit report? If you’re new to managing your credit, an easy way

You’d think an online calculator is a pretty straightforward device, one that you should be able to place your confidence in, and for the...