Canada has about 43 million active credit cards at present time according to TransUnion. This huge number of credit cards for Canada’s population of 35 million means that people who do have credit cards have multiple ones, which means that there is an increased probability of them having issues with paying their credit card debt […]
What You Have to Know About Credit Card Debt Consolidation in Canada Read More »
Debt consolidation loans are increasingly becoming popular, but what benefits can you get if you decide to apply for a debt consolidation loan in Canada? Debt Consolidation Loan A debt consolidation loan is a type of loan that an individual with a lot of various loans can apply for in order to convert multiple loans
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Getting out of a bad debt is quite a challenge, but to try to do so with a bad credit is even harder to accomplish. A bad debt is a debt that you can’t afford to overlook payments for but the terms of payment are making it near impossible for you to have the debt
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Refinancing your mortgage is a major financial decision that is best made when you fully understand what you are getting yourself into. Know that although mortgage refinancing is quite common, the outcome and benefits will not be the same for everyone because of various factor that have to be considered. Below are some of the
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Trying to pay various bills per month can take a lot of effort, not to mention worrying about racking up fees due to interest and dealing with the stress brought on by seeing bills pile up. Consolidating bills can give you the breathing space you need so you can focus on working to pay instead
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It looks like recent job losses are not going to prevent an upcoming mortgage rate hike. The Bank of Canada is still poised to raise interest rates in October 2018 despite the losses in the part-time work market in August. Survey Results Fuel Disappointment? The August 2018 survey of the Statistic Canada’s Labour Force was
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Qualifying for a mortgage these days is seriously a lot of hard work. Banks are stricter than ever, government regulations are tightening up, and interest rates are rising too; meaning, it will even be more challenging to qualify for a mortgage from a bank more so for people who don’t have an impeccable credit history.
Bank Mortgage Declined? Get a Private Mortgage Instead! Read More »
Mortgage rates are not the same throughout Canada. This applies to all types of mortgages including second mortgages. The reasons why mortgage rates fluctuate depend on many factors but location is a major determinant. Who Sets Second Mortgage Rates? The second mortgage rates are set by individual lenders within reasonable limits (for instance, they can’t
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Mortgage brokers either have a negative or a positive image depending on one’s background and personal experience but the truth is, mortgage brokers only act as an agent or a middleman between a borrower and a lender, although some may be more conscientious about their job than others. What Does a Mortgage Broker Do? A
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Although a lot of Canadians are interested in getting a HELOC or a home equity line of credit, the majority are concerned about being unable to manage making payments on time more so as interest rates seem to be seeing an upward trend these days. News saying that HELOC payments will increase also abound, causing
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