Mortgage Blog
Mortgages to fit your life plan
Category: Financing (9 posts)
What are credit scores and how are they important?
March 8, 2022 | Posted by: Brad Nemes
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...
read more
Why You Need an Emergency Fund And How to Get One
March 7, 2022 | Posted by: Brad Nemes
Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...
read more
Strategies to Dig Yourself Out of the Debt Hole
March 7, 2022 | Posted by: Brad Nemes
Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...
read more
Should You Refinance Your Mortgage?
March 7, 2022 | Posted by: Brad Nemes
There are a multitude of reasons why homeowners may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether ...
read more
How Good vs Bad Debt Impacts Your Household
March 7, 2022 | Posted by: Brad Nemes
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...
read more
Multi-Family Lending: What You Need To Know About Hard Money Loans
March 7, 2022 | Posted by: Brad Nemes
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...
read more
2021 Mortgage Stress Test - Latest Updates
January 28, 2022 | Posted by: Brad Nemes
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...
read more
April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
January 21, 2022 | Posted by: Brad Nemes
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...
read more
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
January 14, 2022 | Posted by: Brad Nemes
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...
read more