Entries by Editor

2023 Mortgage Rate Predictions

In 2022, the prime rate saw an astounding 163% increase in mere ten months. As a result, this set a record that is unlike any other. This sharp incline left financial lenders and borrowers alike wondering: how long will rates stay at their peak? Looking to history for answers reveals one thing – it’s not […]

Stay Variable or Go Fixed

Stay Variable? If you’re currently in a variable rate term, you may be hoping that rates stay lower than fixed over the next few years. However, if inflation doesn’t get under control by the Bank of Canada quickly, they may raise throughout your term. This will leave the possibility open that your variable rate could […]

Purchase Plus Improvements Mortgage

Hey, did you know there’s a way to buy your dream home—and spruce it up at the same time? It’s true! Enter the Purchase Plus Improvements mortgage. This program allows you to borrow the cost of renovations (up to a certain percentage) and add it to the home price. All rolled into one easy-to-manage mortgage […]

Banker Secrets They Don’t Want You to Know

Banker Secrets They Don’t Want You to Know. If you are looking to pay off your mortgage faster, here are some tried-and-true tactics to get you to financial freedom that much sooner! Make a Double Mortgage Payment: A double payment once a year can shave over four years off the total life of the mortgage! Better […]

New to Canada Mortgage Approval

Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This is an increase of 40,000 individuals when compared to 2017 numbers. According to planned immigration levels, it is estimated that Canada will receive 341,000 permanent residents in 2020. In […]

Common Myths About Credit Scores

How is a credit score calculated? It is a complex answer and, as such, common myths persist. Today, we will help you get a better understanding of your credit score and how to make the grade by busting the most common credit score myths! MYTH #1: TOO MANY CREDIT CARDS WILL HURT MY CREDIT SCORE […]