Tips that save money on your mortgage Shop around – and not just for the lowest rate Of course, you should get the lowest interest rate that you can. But rates aren’t the only thing t...
Marcy Mivehchian 09/30/2019
Your credit score Your credit score is a three-digit number that comes from the information in your credit report. It shows how well you manage credit and how risky it would be for a lender to lend y...
Marcy Mivehchian 09/24/2019
Open vs. closed mortgages When you are searching for the mortgage with different lenders or looking on the mortgage company websites you’ll see different terms and one of them is open mortg...
Marcy Mivehchian 09/23/2019
Buying a home is one of the most important financial decisions you will ever make. To help you make smart homebuying decisions from start to finish, Canada Mortgage and Housing Corporation (CMHC) offe...
Marcy Mivehchian 09/20/2019
Strategies for financing home renovations Sometimes financing the renovations for your house, or condo is crucial before you can give your project the green light. Here are some ways to...
Marcy Mivehchian 09/19/2019
What is mortgage default insurance? Mortgage default insurance is commonly referred to "CMHC Insurance" because the largest provider in Canada is the Canadian Mortgage and Housing Corporation. Howev...
Ali 08/22/2019
If you asked any investor what the one thing they hated most was, I’d wager a good portion would say “taxes”. There’s a reason that so many rich people go to great lengths to hide their money ...
Chris 07/23/2019
Updated July 23, 2019 There are many things you can do with a TFSA (which you can read about on our mega-guide on TFSAs) but it is mainly an investment account. However, if you don’t want to ris...
Chris 07/23/2019
As you may know, it’s the law in Canada that all mortgages that have a down payment of under 20% must be insured. The insurer is usually the Canadian Mortgage and Housing Corporation (CMHC), which i...
Chris 07/22/2019
Buying a home is a huge undertaking, especially if you’re a first-time homebuyer. There are first-time homebuyer programs in Canada that can help you save money when buying a home, but the governm...
Chris 07/19/2019
The institution number is always a 3-digit code that signifies a certain bank. T...
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
Updated July 23, 2019 There are many things you can do with a TFSA (which you...
It’s going to be easier for self-employed Canadians to get a mortgage, thanks ...
