Do you know your credit report score? Ever checked your credit report for mistakes? A national survey conducted by the non-profit Public Interest Advocacy Centre found that 18% of the people surveyed found mistakes in their credit report and 10% of those believed they...

Paying off your mortgage may be the best investment you can make. A survey conducted in 2013 by Canada Mortgage and Housing Corporation (CMHC) found that 68% of homeowners felt they could pay off their mortgage early. Last year a Scotiabank poll found that almost...

The real estate and mortgage industry is a competitive business. Changes in lender policies have led to an altered mortgage landscape. The recent slump in oil prices and a lowered loonie have dampened housing activity in some parts of the country. Early forecasts...

It’s becoming more challenging for self-employed workers or those who earn commission to get a mortgage to purchase a home. Nearly 20 per cent of all income earners in Canada are self-employed; and the category is growing.  They are individuals operating their...

Once again interest rates have dominated the headlines. First, it was the declining fixed rate. Fixed rates are usually priced off bond markets, independent of what's happening with the prime rate. The Bond market, like all markets, fluctuates daily. Fixed mortgage...

1. Get independent, objective advice on your financial options. Mortgage Agents are not restricted to any one bank or range of products. They work for you and can make objective recommendations on financing solutions through hundreds of lenders.   2. Save time...

Credit History is one of the 5 Vital Signs in mortgage underwriting.   The first indicator of credit performance that a lender uses is something called Beacon Score. The terms Power Score, FICO Score and Credit Score are also used.   These mysterious...

New mortgage rules have definitely had an impact on new home buyers, but those with an existing first mortgage who want to refinance might be in for a surprise. At renewal time, you have the option of increasing your mortgage to consolidate debts, for example, or for...

There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon...

As you know, working with a mortgage broker is your best option to get the best mortgage for your particular situation. Of course, brokers have always known that, but research by various companies, including the Canadian Association of Accredited Mortgage...