Your credit score is incredibly important to maintain, whether you acknowledge it or not. Having a good score is vital when applying for a personal loan, leasing a car, or applying for a mortgage. Maintaining a good credit score can be difficult and requires work, but it’s manageable if you understand how it works. High?… Continue reading What is a Good Credit Score in Canada for a Mortgage?
The COVID-19 crisis has created a dent in the Canadian economy with almost 3 million Canadians unemployed in the months of March and April alone. To provide a stimulus to the economy, the Canadian government introduced several measures, one of which was encouraging financial institutions to expedite requests for deferral of mortgage payments. What is a mortgage… Continue reading Deferring Mortgage Payments during COVID-19
With wide-spread layoffs, reduced hours, and general job insecurity, thousands of Canadian households have been thrown into a financial tailspin by the coronavirus pandemic. In one recent news report, Hamilton homeowner Kim Petrie – whose three grown children have all lost their jobs – summarized mounting concerns when she said, “There’s a lot of uncertainty, fear,… Continue reading Managing Your Mortgage During the COVID-19 Crisis