by debtcancel | May 2, 2025 | House Tips, Mortgages
For many Canadian homeowners, this year is bringing a financial wake-up call. More than a million mortgages are up for renewal, and the reality of higher interest rates is starting to hit hard. Just a few years ago, borrowers locked in historically low rates—some at...
by debtcancel | Mar 13, 2025 | Credit Health, Mortgages
The Bank of Canada has reduced its overnight lending rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut since June 2024. This decision comes as Canada’s economy faces increasing pressure from an ongoing trade war with the U.S., which has...
by debtcancel | Mar 5, 2025 | Family, House Tips, Mortgages
March is Fraud Awareness Month in Canada, making it the perfect time to shed light on mortgage fraud and how to protect yourself. Whether you’re a first-time homebuyer, a homeowner looking to refinance, or an investor, understanding mortgage fraud is crucial....
by debtcancel | Feb 19, 2025 | Credit Health, Mortgages
Why Your Credit Score Matters When Applying for a Mortgage Your credit score is one of the most crucial factors that lenders in Canada consider when determining your mortgage eligibility. A higher credit score can mean: ✅ Lower interest rates✅ Better mortgage terms✅...
by debtcancel | Jan 30, 2025 | Family, Mortgages
The Bank of Canada (BoC) has announced an interest rate cut to 3%, sending ripples across the mortgage market. This decision has significant implications for homebuyers, homeowners, and investors, and now is the time to understand how it impacts you. What Does the 3%...
by debtcancel | Jan 16, 2025 | Credit Health, Mortgages
Improving your financial health is essential for long-term stability and peace of mind. STEP 1: This starts with creating a budget and sticking to it. Begin by tracking your income and all expenses for at least a month to understand where your money is...
