Getting Ahead Financially, and other stuff

I Missed a Credit Card Payment… Now What?

I Missed a Credit Card Payment… Now What?

If you've missed a payment on your credit card (or line of credit) and you're wondering how this will impact your creditworthiness down the road, this article is for you. But before we get started, if you have an overdue balance on any of your credit cards at this...

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Deposit vs Downpayment

As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the downpayment.

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Getting on the Property Ladder

As property prices continue to rise across Canada, the conversation around “how to climb the property ladder” has made a subtle shift to “how to get on the property ladder in the first place.”

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Bank of Canada Rate Announcement Mar 6th, 2019

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Recent data suggest that the slowdown in the global economy has been more pronounced and widespread...

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Don’t Assume Anything!

From experience, I can tell you that having a plan is crucial to a successful #mortgage application. Making assumptions about your #qualification, or just “winging it” is a recipe for disaster.

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Mortgage Documentation, Plan Ahead!

If you are unable to find your NOAs, and you don’t have a My Account with #CRA, it could take up to 4 weeks to gain access to the necessary documentation to substantiate your #mortgage application.

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The 10 Don’ts of Mortgage Closing

Here is a list of things you should NEVER do in the time between your financing complete date (when everything is set up and looks good) and your closing date (the day the lender actually advances funds).

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