The Complete Guide to Credit Repair for Real Estate Investors

The importance of a good credit score should never be overlooked or taken lightly. This is more trying for real estate investors. A high credit score means better offers, deals, and money-saving options, which would provide a real estate...

Posted | by |in Applications for Credit, Bad Credit, Blog, Credit Repair, Credit Report, Credit Report Errors, Credit Score

Should I Refinance My Mortgage in Response to the Low Interest Rates?

You may be thinking of refinancing your mortgage given that the interest rates are unprecedentedly low. Refinancing your mortgage can help you preserve your credit score by using the equity in your home to consolidate high interest debt. This...

Posted | by |in Blog, Debt Management, Managing Your Debt, Mortgage Refinance, Mortgage Refinancing

Mortgage Refinancing Tips for Reducing Debt

If you own a home and struggle with debt, you may have considered mortgage refinancing. As we’ve written before, if mortgage refinancing is on your mind, you may want to start the process now, before Canadian interest rates increase any...

Posted | by |in Blog, Debt Management, Mortgage Refinance, Second Mortgage Financing

Will You Wait for the Canadian Interest Rate Surprise on July 11?

Most years, July 11 is just another day. But in 2018 it could mean a change to the Canadian interest rate. The Bank of Canada has scheduled its next interest rate announcement for July 11, 2018. This is when they will publicly say if interest...

Posted | by |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates, Debt Consolidation

Bank of Canada Mortgage Rates Stay at 1.25% After May 2018 Announcement

The Bank of Canada mortgage rate is remaining at 1.25% for now. In an announcement on May 30, 2018 the Bank of Canada (BOC) said that the overnight interest will stay at 1.25%, at least until the next statement scheduled for July 11, 2018. The...

Posted | by |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates, Mortgage Refinancing

Surviving Rising Interest Rates – Locking Your Rate May Be the Best Time to Refinance

So far in 2018 Canadian homeowners have experienced several major changes that could affect finances — new mortgage rules and rising interest rates First, let’s look at the new mortgage rules. On January 1, 2018, new Canadian mortgage rules...

Posted | by |in Bank of Canada Interest Rate, Blog, Mortgage Refinancing

How to Combat New Mortgage Rules and Interest Rate Increases

The past year has been a rocky one for Canadian homeowners. The Bank of Canada announced interest rate increases starting in July of 2017. Since then, the interest rates have increased three times, going from 0.5 per cent to 1.25 per cent...

Posted | by |in Blog, New Mortgage Rules

What the Bank of Canada Increase Means for Mortgage Interest Rates

If you’re reading this blog, you likely already know that the Bank of Canada interest rate increased again on January 17, 2018, going up to 1.25 per cent. You likely also know that the Bank of Canada (BOC) interest rate hike affects all forms...

Posted | by |in Blog, Mortgage Interest Rates

Making Your House Work For You: Mortgage Refinancing to Get Out of Debt

Debt: that one little word that elicits a number of intense feelings, usually all of which are negative. Debt is a fact of life, and unless you have been incredibly financially savvy and have managed to curb any spending that is outside your...

Posted | by |in Blog, Mortgage Refinancing

Debt Consolidation Through Mortgage Refinancing – The Right Choice for You?

With the consumer debt levels in Canada reaching all-time highs over the last few years, money (or perhaps a lack of money) has been a common topic of conversation. As a result, debt relief is also a common subject, and it seems that no matter...

Posted | by |in Blog, Debt Consolidation

Mortgage Refinancing: A Viable Debt Solution?

Debt in Canada has become a major problem for many individuals. The ease with which credit is granted by many credit companies sometimes makes it tough to avoid temptation, but the aftereffects can be distressing, especially if it gets to the...

Posted | by |in Blog, Debt Solutions, Mortgage Refinancing

Collection Agency Harassment: How to Stop the Calls

Canadians have become so accustomed to carrying debt, and for some being in debt has become the norm. It is true that the vast majority of Canadians do have debt and when debt accumulates to the point where you are defaulting on monthly...

Posted | by |in Blog, Collection Agency Harassment, Debt Relief