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Your credit score and simple ways to improve it

Your credit score and simple ways to improve it

Credit Scores and How you can improve yours With Canadians facing an unprecedented social and economic crisis, it can be a challenge to keep up with monthly payments. Many are focussed on getting through the pandemic and caring for their physical and mental...
Can a Second Mortgage be beneficial in the GTA?

Can a Second Mortgage be beneficial in the GTA?

A Home Equity Loan (also known as Second Mortgage) is essentially another loan separate from your original mortgage with a lien on property in second position. A lien is the right to possess and seize property under circumstances explained in your mortgage documents....
In a Financial Jam and Realizing Selling Your House Isn’t That Easy? Here Are Some Options

In a Financial Jam and Realizing Selling Your House Isn’t That Easy? Here Are Some Options

We write a lot about dealing with outstanding debt and finding more space in your budget – but what can you do if the problem isn’t your budget, but rather your expenses? It happens sometimes that the cost of living for a person or family may simply be too high....
Preparing to Refinance/Renew Your Mortgage at a Higher Interest Rate

Preparing to Refinance/Renew Your Mortgage at a Higher Interest Rate

Are you planning to renew your mortgage soon? If so, you could be in for sticker shock. Economists estimate about 24.1% of mortgages will renew in 2020, and 26.8% in 2021. Since 2017, we have seen interest rates rise significantly, going from 0.5% to 1.75%. If you...