What is the qualifying rate? As you probably know, there have been many mortgage rule changes over the last few years. Chances are, these rule changes affect you, whether you’re an existing homeowner or first-time home buyer. One of the things that has been talked about a lot is the mortgage qualifying rate. You need… Read more Mortgage qualifying rate – what is it?
Not all debt is created equal – and not all debt is bad. In fact, you need some debt to establish a good credit rating. Being a responsible borrower means knowing which types of debt can help you reach your financial goals and which types of bad debt leave you further behind. So how do… Read more Good debt versus bad debt
New mortgage rules for the new year New mortgage rules came into effect January 1, which make it trickier for many Canadians to negotiate a mortgage. But with a little expert advice, we can help ensure you have a happy new year that keeps you on the path to prosperity for the coming year and… Read more Ten essential mortgage tips for 2018
It’s easy to look online for a mortgage rate. But rate is only one aspect of saving money on your mortgage over the long term. It’s so important to also consider the features of your mortgage. Asking about mortgage conditions and features is something many people neglect to do. Be in the know… here are… Read more Mortgage features you should definitely ask about
Purchase or refinance now before rules change If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for residential… Read more Mortgage stress test rules change January 1st
Sometimes unforeseen financial circumstances can impact your ability to make your regular mortgage payment. Or perhaps your debt demons have been caused by taking on too much other high-interest debt. It can be tempting to want to conceal your debt problem for as long as possible – but that’s almost never the best strategy. With… Read more Dealing with mortgage payment difficulties
