Transferring money online is the best option these days. There is no need to write cheques, you can simply do it with your phone. But it is not always safe. During the pandemic, the desire for online payments or transfers increased dramatically. And so, unfortunately, did the scam. If a relative of yours needs to… Continue reading 5 Ways to Avoid Scam During Online Money Transfer
Credit Scores in Canada
As a result of the pandemic, Canadians have massively improved their credit scores. Research, led by the fintech company Borrowell, found that an average rise of a credit score was around 18 points all over the country. As a consequence, many of those whose score was considered poor and unreliable for creditors, now have moved… Continue reading Credit Scores in Canada
Line of Credit for Down Payment — All You Need to Know
Unfortunately, not all of us were born as multibillionaires and people like us need to solve a lot of problems. Buying a house is already a very huge expense because the mortgage is not free. But you also need to give a down payment to show that you can afford to buy a house. Will… Continue reading Line of Credit for Down Payment — All You Need to Know
Mortgage Consumer Proposal – Escape From Bankruptcy
If you are heavily in debt, you have the opportunity to improve your financial situation and even get a mortgage before you declare yourself bankrupt. Are mortgage consumer proposal worth it? The cost of living in Canada is very high, in some respects even more expensive than in other countries. It is no wonder that… Continue reading Mortgage Consumer Proposal – Escape From Bankruptcy
Special Features Of Title Search Canada
In most cases, you would need to apply for a title search on a property to ensure who the owner of the property is. Buying a new home is not a simple process – several factors should be considered: Price of the house, percentage, mortgage default insurance, taxes. However, there is one more point that… Continue reading Special Features Of Title Search Canada
Using Home Equity To Buy Another Home Canada
Using home equity to buy another home Canada – is it worth it? Under Canadian rules, you are completely free to decide how to use the equity in your home – and buying a new home is just one option. The equity of the property purchased can be considered one of the most valuable assets… Continue reading Using Home Equity To Buy Another Home Canada
Home Inspection Checklist Canada: Room by Room Guide
Buying a house is an important step, so you should be 100% sure that you know WHAT you buy. What should your home inspection checklist in Canada look like, and what areas need EXTRA attention? Read in this guide. What is Home Inspection A home inspection is a method of inspecting a house for defects,… Continue reading Home Inspection Checklist Canada: Room by Room Guide
Mortgages for Self Employed Canada: The Guide
Mortgages for self employed in Canada are rare as “special” programs, but you still can apply for a traditional mortgage from a bank. It’s not an easy process, but you can significantly increase your chances with some tricks. Here’s how to do it. What is Self-Employment First — the legal ground, just to be sure.… Continue reading Mortgages for Self Employed Canada: The Guide
Blend And Extend Mortgage: Main Tips
The Bank of Canada is signaling a faster pace in rate hikes. Here’s what it means for you and your blend and extend mortgage. According to the recent forecast, published by the entity, the first hikes in rates can already start as early as April of 2022, ending the era of record low-interest rates three… Continue reading Blend And Extend Mortgage: Main Tips
How Much Do Mortgage Brokers Make
A mortgage broker can become one of the most important people in your life since his job is to find a perfect offer for you and save thousands of dollars. It is quite a strange question to ask, how much do mortgage brokers make, so today we are going to talk more about ways mortgage… Continue reading How Much Do Mortgage Brokers Make