Your credit score and history is a key factor in receiving a mortgage approval. So, how is your score determined and what can you do to increase it. Payment History: Payment history accounts for the largest portion of the credit score at 35%. Late payments, and especially collections, have a negative impact on your credit […]

By now you will have probably heard that the Finance Minister has made drastic changes to mortgage lending rules making it tougher to qualify for a mortgage. For Canadians with less than a 20% down payment, their purchasing power has been dramatically reduced. So what can you do if you want to purchase a home […]

Refinancing your home to pay off high interest debt, such as credit cards, is an excellent option to consider. By refinancing, you can combine several payments into one, reducing your monthly expenses. As well, mortgage rates are much lower than standard credit card interest rates, saving you money on interest. This will also provide you […]

  Be your own boss!  Control your own destiny!  Freedom!  Self-employment often seems glamorous.  Shows like Dragon’s Den and Shark Tank promote the possibilities of self-employment.  While it has many perks, these come after years of hard work, sacrifice and even more hard work. My husband and I have both been self-employed most of our […]

The goal of most, if not all homeowners, is to be mortgage free someday.  We have been taught this from previous generations.  It is seen as one of the keys to financial freedom.  But is it?  Is it good to be mortgage free? The short answer is yes!  You are probably wondering why someone wouldn’t […]

When it comes to picking the type of mortgage and term, there are several factors to consider.  Most 5 year fixed mortgages are broken at 38 months resulting in potentially large pre-payment penalties.  It is sometimes difficult to predict where you will be in 5 years.  A job transfer, the need to refinance, there are […]