What Mortgage Rate Applies to Me

WHY ARE THERE DIFFERENT MORTGAGE RATES? We are not referring to the fixed-rate vs variable-rate mortgages.  As that difference is obvious, one locks you into a long-term fixed rate the other varies depending on the prime lending rate. “I SAW A LOWER RATE ONLINE!” Everyone wants the lowest mortgage rate available.  But it might be…

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5 Variables that Impact your Credit Score

In Canada, creditors such as banks, credit card, and loan companies report to two major credit agencies, Equifax and TransUnion. From this combined report you are given a credit score from 300 – 900, and this score represents your creditworthiness when you apply for credit. Ideally, you want a score above 680 to qualify for…

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Financial Tips in Uncertain Times

As we are all facing this global crisis due to COVID-19, it is very important to protect our families from the uncertainties that the future holds.  We will get past this pandemic, but we do not know how long the impact of this will have on our country’s economy.  Many businesses are cutting costs by…

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