Your Mortgage Financing Can Support Your Home Renovation
We usually associate zombies with Hallowe'en, but when it comes to old debts they could revive when you least expect it. More and more Canadians are facing record-high levels of debt, due in part to extremely low interest rates. If you've passed the point when budgeting will help you get your finances back on track, chances are zombie debt has caught up with you.
Jan 22 2020
It can be an overwhelming experience to find yourself in debt, with your credit sliding from bruised to bad. If you want to make a major purchase, like buying a house, it might feel as though that dream is slipping away. While it can be difficult to find your own way back to a strong financial situation and repair your bad credit, there are many solutions available to you.
Aug 28 2019
A Mortgage Refinance Was The Key To Lifting A Weight Off Her Shoulders
When Janet bought her condo several years ago, the unit was definitely a fixer-upper. It needed new windows and updates to the bathroom and kitchen, which she did soon after taking possession. However, shortly after her closing date the strata decided the whole building needed work and put a special levy into place – which included the replacement of the windows throughout the building. Although Janet had replaced the windows in her unit on her own and the strata wouldn't be doing additional work for her unit, she still had to pay the levy and was not given any reimbursement.
Jun 04 2019
Mark and Sarah were a fairly typical couple when we met them 5 years ago. He worked in the trades, while she was in customer service, both with full time hours and a steady household income. They were moving from a condo to a family home, and everything went smoothly through their mortgage process.
Jun 26 2018
Your credit is a key factor in qualifying for a mortgage. It can be challenging to know what part of your finances you should focus on when preparing to buy a home, so we've asked our friends at the Credit Counselling Society to share their knowledge. Here's what they had to say:
Sep 06 2017
You do everything you can to ensure your mortgage payments are made on time. So why is your credit score slowly getting worse? If you're like many Canadians, it's because your overall debt is climbing and you don't pay as much attention to those other loans.