To approve you for a line of credit, loan or even a mortgage, lenders usually look at your debt-to-income ratio. This ratio is simply how much of your income is spent on debt. To calculate your own debt-to-income ratio, first tally up…
Bidding wars can make purchasing a home incredibly challenging, especially in Toronto and Vancouver. Read on to learn more about how they work, and how to keep your emotions – and budget – under control.
Spring is a time of renewal and change, and what better way to ring in the season than with a good spring cleaning? It isn’t just your home you should consider though; chances are your personal finances could use some attention too. A good clean could save you hundreds of dollars!
Millennials are starting to become first-time home buyers, and as of late, there’s been a large focus on how they will impact the real estate market. But with Canadian house prices continuing to rise at an increasingly rapid rate, is owning a home truly a priority anymore?
Buying a home is one of the most exciting yet intimidating things to do. The idea of owning your own place is thrilling, yet the prospect of having a mortgage can terrify even those who are already financial savvy. Read on for our do’s and don’ts when buying a home.
Getting on the infamous property ladder and buying your first home is a life changing experience that can be both an exciting and exhausting process. Your home will be not only one of the biggest purchases of your life (unless you’re one of the lucky few jetting around in your customized Boeing 747-8 Jet). It’s one of the more important decisions you’ll make as well.
Is it a good idea to refinance your mortgage? Given the penalties for breaking a mortgage, it’s not always clear if you’ll save – here’s how to tell if refinancing is for you.
It seems Canadian bonds have been immune to the global bond sell off – in fact, demand for our bonds has reached its fastest pace in history, leading to low yields and fixed mortgage rate discounts. Can this low-rate reality last? Get the full story.
BREAKING: BMO’s at it again! The lender has introduced a 2.79% 5-year fixed – the lowest rate historically offered for this term from one of Canada’s nationally-regulated big banks.