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. Usually, mortgages with a 20% down payment do not need mortgage default insurance and are called uninsured mortgages.  Here’s what the OSFI, an independent agency that is the...Read More

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 determines your credit score. In turn, your credit score affects various aspects of your financial life. Read on...Read More