How Home Equity Can Be Used to Pay CRA Debts
It’s not unusual to find you owe some money to the Canada Revenue Agency (CRA) after filing your personal tax returns. Especially if you have neglected doing them for a few years. And like any other...
View ArticleThe Benefits and Risks of Co-Signing for a Mortgage
Thanks to tighter mortgage qualification rules and higher-priced real estate—particularly in the greater Vancouver and Toronto areas—it’s not always easy to qualify for a mortgage on your own merits....
View ArticleWhat You Should Know About Collateral Charge Mortgages
I recently had clients who were refinancing their mortgage completely reject a very attractive offering from one of the big chartered banks. Their reasoning? All of this bank’s mortgages are registered...
View ArticleWhen You Might Need an Alternative Lender Mortgage
The majority of homeowners are blissfully unaware of alternative mortgages. They presume everyone is entitled to sub-2 % mortgage interest rates, with no fees of any kind. But there is a growing,...
View ArticleHow Your Cell Phone Can Keep You From Getting the Lowest Mortgage Rate
Despite what you may have heard, your cell phone payment history does affect your credit score. Cell phone accounts work differently than a credit card or a line of credit. A cell phone is an open or...
View ArticleCan You Qualify For A Mortgage After A Consumer Proposal?
After you file a consumer proposal, the last thing on your mind might be a new mortgage, but you may be a lot closer than you think. Maybe you wish to buy a home, or you own a home and are interested...
View ArticleFive Tips to Increase Your Credit Score Quickly
In order to qualify for certain mortgage and loan products, a minimum credit score is essential. Even if your score is sufficient to qualify, you might find the rates being offered will be lower than...
View ArticleWhy Is My Credit Score Different From What Lenders See? (Part I)
It’s pretty easy to track your credit score these days—perhaps through a paid subscription to Equifax Canada or Trans Union Canada, or through free offerings from your bank, or other entities such as...
View Article9 Ways to Keep Your Credit Score as High as Possible (Part II)
In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and chances are none of those results are the credit score...
View ArticleIncorporate Balance Transfer Offers into Your Arsenal
As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position ourselves as tax experts, accountants or...
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