Avoiding Credit Repair Scams
If you have bad credit, the chances are good that you’d do just about anything to improve it; and that might include seeing a credit repair, or a debt consolidation, company. When you’re trying to improve your credit, these can seem like good options and solid paths to finally being able to achieve financial freedom….
Read moreTD Pulls out of Non-Prime Mortgages
It’s no wonder customers are getting frustrated. With CIBC selling FirstLine, then the bank pulling out of stated income mortgages, and most major Canadian banks pulling out of discounted mortgages in the last six weeks, it’s easy to see why customers are starting to think they can no longer rely on the banks. Now, another…
Read moreFinance Minister Jim Flaherty Still Concerned
It’s no secret that Finance Minister has been the driving force behind the changes made to HELOCs and other forms of borrowing made within the last year. He, along with many others in Ottawa, is concerned that our housing prices are too high, our interest rates are too low, and it’s causing us to take…
Read moreMore Bank Changes are on the Way
And this time, it’s consumers that are reaping the benefit! Ottawa has called for some pretty major bank changes that will make it easier for Canadians to do their banking, and help them save their money too. The new rules include how cheques are processed, how credit card cheques are advertised and used, and banks…
Read moreWhat will the Bank of Canada do this Week?
In just a few days it’s going to be March 8, a day that many homeowners, banks, and mortgage brokers have been waiting for. March 8 of course, is the day that the Bank of Canada will release their overnight rate and we’ll find out if there have been any changes made to the historically…
Read moreBreaking your Mortgage? It’s Going to get Easier to Understand
Mortgage documents can sometimes be confusing for the homeowner. What do all those terms mean? And how are those calculations figured? Most importantly, what’s it all going to cost you in the end, and why? It’s these two last questions that Canadian banks have recently focused on when looking at homeowners that want to break…
Read moreHousing Problem must be Addressed in Federal Spring Budget
It might not surprise many to find out that experts are worried about housing in Canada. Mortgages are getting higher and higher, and people continue to worry about the “bubble” that we’re in. Add that to the fact that we keep increasing our debt load, and it’s easy to see why so many Canadians are…
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