Your Mortgage Renewal will NOT be subject to the new Stress Test rules if you had your mortgage PRIOR to the new rules being implemented in October/November 2016. Despite what…
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Is it possible to successfully obtain a mortgage after a Bankruptcy? Many Canadians find themselves bogged down with a poor credit rating resulting from situations out of their control –…
RRSP Home Buyers Plan – A First Time Home Buyers Loan Saving up for the down payment for your first home often feels like an impossible task but the good…
Do you have credit cards, personal loans and unsecured credit lines and finding it difficult to manage payments? Interest rates on credit cards can be as high as 28% and…
We live in a country where a good credit history is one of the most important things we can have. Without it you impair or lose your ability to borrow…
“In the tug of war between affordability and protecting the banks, as the new stress test rules remind us, the government has come down clearly on the side of the…
The new guidelines aimed at taking some of the risk out of the market will come into effect Jan. 1/2018. They include as speculated a new stress test for buyers…
The Bank of Canada recently raised the prime lending rate from .75 percent to 1 percent which has economists speculating that the season of historically low interest rates may be…
The Federal Government is proposing new guidelines which will again make it more difficult to secure a mortgage. These guidelines expected to be issued in the fall will come into…