No-nonsense informative pieces all about debt and refinance.
A recent CIBC report estimated that nearly half of all current mortgages in Canada will be up for renewal in 2018. With the added weight of the new stress test that applies to both insured and uninsured mortgages, it is…
Renewal and Refinance Buying your first home can be a nail-biting experience, as many homeowners can testify to, but so can the moment when your first mortgage term expires. When a homeowner’s mortgage term expires, they have the choice between…
When someone files for bankruptcy they often feel failure. Bankruptcy is seen as a negative thing to happen to someone and can be a major event to go through. But we shouldn’t be seeing it as disaster! In 2016, approximately…
Buying a home goes beyond the down payment and monthly mortgage payments. It is usually assumed that once you have saved the minimum amount for a down payment, and you’ve pre-qualified for your dream home that you are ready to…
Knowing what your debt-to-income ratio is important if you are considering becoming a homeowner. Once you know your ratio, then you need to know what it means and what you can do about improving it. Let's get started. What the…
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