by debtcancel | Apr 18, 2018 | Mortgages
According to the 2016 Census, seniors now outnumber children for the first time in Canadian history. With an estimated 5.9 million Canadian seniors, the population is not only growing older but the pace of change is accelerating. This is all very positive news, but...
by debtcancel | Apr 12, 2018 | Credit Health, Mortgages
You will agree much has changed in the economy, real estate market and your life since this time last year. As a homeowner with a mortgage, it is important to maximize your potential savings. Don’t wait until your mortgage renewal to consult your broker. Take...
by debtcancel | Oct 19, 2017 | Mortgages
Effective January, 2018, the qualifying rate for uninsured mortgages, (20%+ down payment), will be the greater of the five-year benchmark rate published by the Bank of Canada, (4.89% today), or the contractual mortgage rate + 2%. In plain English, IF the 5 year...
by debtcancel | Oct 18, 2017 | Mortgages
When shopping for a mortgage, the lowest rate should not be your only concern. Pay attention to the three ‘P’s’: Prepayment privileges By how much can you pay down your mortgage annually without being penalized? Penalties What penalty will you pay to pay your mortgage...
by debtcancel | Apr 14, 2017 | Mortgages
One of the biggest debates in the personal finance community is whether someone should use their extra cash to pay down the mortgage or put that money to work in investments. The mortgage paydown strategy is popular with risk-adverse folks. Investing is risky, while...
by debtcancel | Apr 14, 2017 | Credit Health, Mortgages
If you currently have a mortgage or are looking to obtain one, it is imperative you maintain a healthy credit score. The three digits that make up your credit score tell a lender a lot about your credit history and ultimately the status of your financial health....
