In today’s tech world, being victimized by hackers can leave you penniless if you have only one bank account. The following five situations demonstrate how a having a backup account can keep you safe financially – and help you budget, too. Security Accessing accounts using a phone can be very convenient, but mobile banking also leaves...Read More

It’s always a good idea to pay down your debt when you have extra cash on hand. However, as you get started, you will probably be faced with several types of debt you can work on, and it’s hard to know which is best. Your credit card has a maximum amount you can borrow and...Read More

Is Purchasing a New Home in Your Budget? If you’re throwing your hard-earned money away on rent each month, putting that same amount towards your own home could be an incredible advantage. However, it’s also imperative to consider whether you can afford the costs associated with a mortgage, property insurance and potential repairs that might...Read More

If you want to make it easier to get an auto loan, mortgage, or new credit card account, you need to maintain a good credit score. It’s easy to do so, particularly if you follow the tips presented here. Paying Your Bills on Time Even a single late payment can affect your credit score adversely,...Read More

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, it is typically because the interest ratings on those loans are considerably higher. If you want to get...Read More

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of the home you buy, and the mortgage you take out, will depend on several critical factors. If you want to...Read More

Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may want to continue reading to learn some exclusive tips from Mortgage Professionals that can help you repair your credit score… How are...Read More

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 meet the needs of your household expenses and puts less pressure on your relationship with your partner. With a little room in your budget,...Read More

Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used traditional financing. And until recently, multi-family loans are the best alternative financing for investors; however, this was not always the case. Not too long ago, the hard money lending industry was riddled with shady...Read More

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. Manulife recently surveyed 1,000 Canadian homeowners between the ages of 30 to 59. Among respondents with a mortgage,...Read More