“I don’t know my credit score, but I know they won’t give me anything because of that one payment on a student loan I missed nine years ago”. Sounds familiar? It’s also a completely wrong approach. A surprising number of people don’t even try to buy a home because they think they won’t get mortgage… Continue reading How to Get Bad Credit Mortgage Loan Easily Avoiding Mistakes Today
Why is it the Perfect Time for Refinancing Your Mortgage?
Purchasing a property requires some effort and energy, so you certainly don’t want to put your mortgage plans aside and file for a different one, right? Refinance might save large sums of money, which is the most beneficial period to take this action. Meaning of Refinancing a Mortgage To refinance is to trade mortgages effectively.… Continue reading Why is it the Perfect Time for Refinancing Your Mortgage?
5 Things You Should Know Before Requesting a Business Credit Card
Any business owner who is yet to tap into the exploration of business credit cards might be missing innumerable tremendous rewards and financial opportunities. Well, why not try not to miss them? Business credit cards are structured to offer a break from your budget. They entail nice cash-back packages, travel discounts, and easy payment plans.… Continue reading 5 Things You Should Know Before Requesting a Business Credit Card
Vaping is Cheap. But Can You Really Afford It?
Your insurance premiums are, similarly, affected by both smoking and vaping. You see the ads about smoking being dangerous to your health and vaping risks pretty much everywhere. However, there are chances that you don’t even realize what damage it can do to your budget. If we take, for example, just one year, during this… Continue reading Vaping is Cheap. But Can You Really Afford It?
Your best retirement strategy in Canada: the pros and cons of TFSAs and RRSPs
The TFSA / RRSP debate never goes away, but choosing between 2 may be easier than you think. People in Canada happen to be the luckiest people on the planet to have the chance to build a successful strategy for setting aside money for a comfortable life in their old age. To be more specific… Continue reading Your best retirement strategy in Canada: the pros and cons of TFSAs and RRSPs
The Inflation Rates — What do They Mean for Your Mortgage?
Inflation has peaked at 3.7%, showing an incredible increase. What would come next? Would inflation continue to rise in 2021 and 2022? According to Statistics Canada, inflation in Canada reached the highest point in 10 years in July. The damage to the Canadian economy and the extremely high price rises resulted from increased housing costs,… Continue reading The Inflation Rates — What do They Mean for Your Mortgage?
Guide to Canada’s best Robo advisors
Robo-advisors are automated investing programs that manage financial assets on behalf of investors. This automated investing is very easy to do; the major concern is where to begin. Even though the whole process looks like a cloudy mirage, automated algorithms have been managing people’s assets profitably for years now, and today, an increasing number of… Continue reading Guide to Canada’s best Robo advisors
High-Interest Saving Accounts: Do They Have Sense in 2021?
There are savings, and there are savings that grow. Why would you NOT want your money to make you more money? Even if the first year’s interest is most likely under $100 — it’s still better than nothing. What are High-Interest Savings Accounts? HISAs (High-Interest Savings Accounts) are pretty popular in the US, but Canadian… Continue reading High-Interest Saving Accounts: Do They Have Sense in 2021?
2021 CMHC Changes — Why Are Things Going Back to “Normal”?
First, we had the Summer 2020 changes, new stricter rules for underwriting by the CMHC. Now — in 2021 — those changes are going down, and new rules come in full force. How to get a mortgage with the new guidelines and use them to your advantage? And why the changes won’t define your approval?… Continue reading 2021 CMHC Changes — Why Are Things Going Back to “Normal”?
Subprime Mortgage in Canada — The Full 2021 Guide
Keys to understand what is a subprime mortgage and whether it’s is the best option for you. Subprime mortgage or subprime lending is a type of lending which imposes greater risks for the lender and harder conditions for the borrower. Usually, a subprime mortgage is granted to people unable to qualify for a prime mortgage. … Continue reading Subprime Mortgage in Canada — The Full 2021 Guide