The Bank of Canada cuts key interest rates amid fears of deepening economic downturn. Fixed mortgage rates are now at their lowest level since the fall of 2019, making this an ideal time to shop the market.
Knowing how much a lender will let you borrow is an important step in the mortgage and home buying process. To do this you’ll want to get pre-approved for a mortgage, but how far in advance of house hunting?
It’s RRSP season – time to think about saving for your future.
From proving your income to keeping your credit score up, learn how you can boost your chances of getting a great mortgage while being self-employed.
Here’s what to consider if you want to buy a new home, refinance or accelerate the pace of your mortgage debt payments, so you can avoid prepayment penalties.
The Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018.
Are you thinking about refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everyone is looking to save money where they can. Obtaining a new loan with better interest rates for your home could mean saving money on monthly mortgage payments or using the extra money on other projects such as renovations or making investments.
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?
This is how you can get your credit score and improve your rating before applying for a mortgage.
We revisit the mortgage stress test and how it is affecting Canadian homebuyers.