Credit Karma and Borrowell credit scores will differ from Equifax and TransUnion scores. Lenders use FICO scores which differ from the other four scores. Why? Continue reading »
Category: Mortgages
Canadian Credit Scores and Their Effect On Your Mortgage Rate
This is how you can get your credit score and improve your rating before applying for a mortgage. Continue reading »
The Mortgage Stress Test: What It Means If You’re Buying a Home
We revisit the mortgage stress test and how it is affecting Canadian homebuyers. Continue reading »
Bank of Canada Rate Decision: No Change…For Now
The Bank of Canada is holding its key benchmark rate for the eighth time in a row. Continue reading »
Buying A Home / Economic News / Lifestyle News / Mortgage News / Mortgages / Personal Finance / RSM News
How to Negotiate Your Mortgage Rate
Negotiating a great deal on your mortgage is kind of like asking your boss for a raise – you need to do a bit of homework before the meeting, go in prepared and confident, and if you’re making a fair request, you should leave… Continue reading »
U.S Federal Reserve Cuts Rate – Again.
For the second time in a row the U.S. Federal Reserve has cut its benchmark interest rate, this time by 25 basis points to a range between 1.75 and two percent. Continue reading »
How Canadian Mortgage Brokers Work and Ways They Can Save You Money
Mortgage brokers have access to rates from many mortgage-specific lenders and major banks, enabling them to find the best product for you. This is how they can save you money. Continue reading »
Co-ownership: A Growing Trend in Real Estate
Canadians are giving each other a leg-up onto the property ladder in growing numbers. Continue reading »
Bank of Canada Holds Rates Steady Despite US Federal Reserve Cuts
The Bank of Canada is holding its key benchmark rate for the seventh time in a row, despite the U.S. Federal Reserve cutting its own for the first time in 10 years. Continue reading »
Federal Equity-Split Program Begins Monday
The federal government’s First Time Homebuyers Incentive (FTHBI) begins on September 2. Here’s why it’s not the gift you think it is. Continue reading »