When you're at the end of your mortgage term, and you still have a balance, you'll need to renew or pay the balance off in full. Traditionally, the term for a mortgage is somewhere between one and five years. Learn more
Figuring out how to get a mortgage loan isn’t easy, particularly for those with bad credit. However, it’s important to understand that there’s another factor in play here, the loan-to-value ratio—commonly known as LTV. Learn more
Finding a good real estate agent isn't as complicated as it might seem at first. It's always a good idea to check off at least one traditional box to begin. Learn more
Among the most critical factors that impact your mortgage approval odds are bad credit and the Loan-to-Value (LTV) ratio. Learn more
If you have bad credit, getting a mortgage will be tricky! Especially with a high loan-to-value (LTV) ratio. While it is a difficult task, the challenge is not impossible. Learn more
A credit score is a significant determinant in the finance world, governing individuals' eligibility to secure loans and mortgages. Challenges will exist for those grappling with poor credit scores, often leading them to believe that getting accepted for a mortgage loan is a distant dream. Learn more
Mortgage refinancing is a simple process. It's really all about paying off one existing mortgage with a brand new one. It's important for people to remember that to take advantage of a refinance you need to break an existing agreement. Learn more
It's important to keep in mind that buying your first home in Ontario isn't a small accomplishment. However, the financial site NerdWallet offers some positive news. Learn more
Recent statistics are pointing to the fact self-employment is bouncing back from pandemic level lows. Statistics Canada reports this segment of the workforce rose by 50,000 in August of 2023. That's the first big increase in the last nine months. Learn more
In the second quarter of 2023, credit card balances for Canadians hit a record high of $107.4 billion. The report from Equifax also highlighted the average non-mortgage debt for credit active consumers edged up to $21,131. Learn more
