Understanding draw vs. completion mortgages is crucial. This article has exactly what you need to know to make an informed decision.
Finance & Mortgage Articles
How Does Your Credit Score Affect Getting a Mortgage?
It’s time to understand the connection: we’ve got the detail on your credit score’s impact on your mortgage approval.
It’s Time to Teach Your Kids About Money
Empower your kids with financial wisdom! Dive into a journey of money lessons for lifelong success with these ideas.
The Money Talk All Couples Should Have
Money is one of the biggest sources of contention for many couples today. And with all of the economic uncertainty in the world, it’s a great time to start discussing any financial issues with your spouse. All couples should cover various financial topics throughout...
Should I Pay Off Debt Before Buying A House?
Carrying debt can complicate your home-buying process. Read on to learn why tackling it first can lead to a smoother journey.
The Effect of Rising Canadian Interest Rates on Your Finances
As of June 2022, the Bank of Canada has continued to increase policy interest rates, and the prime rate is 3.7%. While this number is low on a historical level, it is the highest rate it’s been since before the pandemic. The Bank of Canada also announced that the key...
A Down Payment in Canada: What You Need to Know
Struggling to figure out Canadian down payments? Don’t let confusion hold you back – find clarity and move closer to your dream home.
The Difference Between Home Warranty and Homeowners Insurance in Alberta
Yes, a home warranty and the insurance policy for your home are both meant to protect homeowners from possible issues in and around their home. However, there are some major differences between home warranty and homeowners insurance that you should know about. In this...
What You Need to Know About Mortgage Insurance
Mortgage insurance might seem complex but it doesn’t have to be. It’s important to understand to save you from potential pitfalls.
Canadian Mortgage Rules: What You Need to Know
Since 2018, all home buyers in Canada must undergo a mortgage stress test, regardless of whether or not they have a 20% down payment saved up. This was a major change in Canadian mortgage rules, and there’s been more since then. New rules were added to the stress test...
7 Canadian Mortgage Questions Answered
Ever found yourself scratching your head over Canadian mortgage rules? Get the clarity you need with these easy-to-understand answers.
What’s the Difference Between Pre-Qualified and Pre-Approved for a Mortgage?
Misunderstanding pre-qualified vs. pre-approved could lead to setbacks. We’ve got what you need to know to avoid potential issues.