One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage?...
Most people who are thinking about a transfer or switch want to take advantage of a lower interest rate or to get a new mortgage product with terms that better suits their needs. Up for Renewal? If your mortgage is approaching renewal and you are considering a...
It’s time to go back to school… for your finances! The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you! When it comes to cleaning up credit, there is no better time than...
Rising inflation combined with a strengthening post-pandemic economy gives both reason and opportunity for the Bank of Canada (BOC) to further raise interest rates through to the end of 2022 and beyond. The 1% increase to the benchmark overnight rate in early July was...
Buying a home is an exciting experience for anyone, and even more of a milestone when you’re doing it solo, but it can be a little different when you’re purchasing on your own. While it can be easier to tailor your mortgage and home search to exactly your needs, it...
If you lost your job tomorrow, would there be a list in your head right away of things you could do to hang on or would you just be at a complete loss? Financial knowledge will allow you to better assess your options and create a plan without getting overwhelmed....
