Mortgage Blog

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Category: Financing (14 posts)

Refinancing: What You Should Know

Refinancing: What You Should Know

March 6, 2022 | Posted by: Kiruban Kana

Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, allowing you to pay off your existing lo ...

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Improving Your Financial Direction

Improving Your Financial Direction

January 4, 2022 | Posted by: Kiruban Kana

Make 2022 the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to the way you spend and look at money ca ...

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Should You Refinance Your Mortgage?

Should You Refinance Your Mortgage?

December 8, 2021 | Posted by: Kiruban Kana

There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refi ...

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5 Expenses Most Canadians Don’t Expect in Retirement.

5 Expenses Most Canadians Don’t Expect in Retirement.

December 8, 2021 | Posted by: Kiruban Kana

5 Expenses Most Canadians Don’t Expect in Retirement. According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is ...

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Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

December 8, 2021 | Posted by: Kiruban Kana

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...

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Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

December 8, 2021 | Posted by: Kiruban Kana

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...

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3 Tips on How to Better Your Credit Score

3 Tips on How to Better Your Credit Score

December 8, 2021 | Posted by: Kiruban Kana

Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...

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How Good vs Bad Debt Impacts Your Household

How Good vs Bad Debt Impacts Your Household

December 8, 2021 | Posted by: Kiruban Kana

In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...

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What are credit scores and how are they important?

What are credit scores and how are they important?

December 8, 2021 | Posted by: Kiruban Kana

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

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How to Teach Your Kids About Money

How to Teach Your Kids About Money

December 8, 2021 | Posted by: Kiruban Kana

How to Teach Your Kids About Money. “You’re teaching them way too young,” joked the man next to me and my three girls at the bank machine; clearly he assumed we were taking out cash ...

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2021 Mortgage Stress Test - Latest Updates

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Kiruban Kana

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21, 2021 | Posted by: Kiruban Kana

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...

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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 12, 2021 | Posted by: Kiruban Kana

The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...

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Multi-Family Lending: What You Need To Know About Hard Money Loans

Multi-Family Lending: What You Need To Know About Hard Money Loans

March 8, 2021 | Posted by: Kiruban Kana

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...

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