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What Is the Minimum Credit Score for A Mortgage in Canada?
Many people wonder “what is a good credit score in Canada for a mortgage?”, when they are thinking of buying a home. Having a credit score of 680 or higher will be necessary to meet the minimum credit score for a mortgage in Canada. There are financial institutions...
How to Get a Fast Cash Loan in Canada
What would you do if you needed a large sum of cash for an emergency? Even if you have a decent, stable source of income, sometimes it just isn’t enough to cover an unexpected event like a medical bill, home repair, or major car issue. That’s where quick cash loans...
How to Rent-to-Own in Ontario
If you’ve been keeping track of housing prices in Canada’s major cities, you know that they have been sharply rising over the past decade or so. While Vancouver is well known for its exorbitant housing prices, Toronto and Montreal are not far behind. This situation...
Get The Best Rate for a Line of Credit in Canada
Looking for the best line of credit rates in Canada? You’re not alone. At some point, everyone will need some help with their finances. A line of credit is the perfect extra boost that can help with paying your bills or making that big purchase you’ve been thinking...
What is the Prime Rate?
If you’ve ever taken out a loan, spoken to a financial advisor, or had a conversation with a friend about mortgages, you’ve probably heard the term prime rate. The prime rate affects most lending products, so it’s important to know exactly what it is and how it...
How Consumer Credit Counselling Services Actually Work
Many Canadians rely on consumer credit counselling services to help manage debt. When credit card debts feel like a challenge you can get a free evaluation to see if this is an option for you. A credit counsellor, someone who specializes in debt relief, will assess...
Debt Relief in Canada – Everything you Need To Know
Let’s face it, being in debt is not fun. It affects you physically and emotionally. Getting debt relief is the solution. According to Equifax (a credit risk assessment company), many Canadians carry a whopping $22,000.00 of non-mortgage debt. Huge outstanding balances...
How Can I Refinance my Car Loan?
Thinking of refinancing your car loan in Canada? For many people, owning a car isn’t simply a preference, it is a necessity. Whether that vehicle requirement is related to your work commute, your family situation, your hectic schedule or a lack of alternative public...
What is the Difference Between Gross VS Net Income?
Quick Summary Gross income and net income are similar terms that help explain different financial realities. In most cases, gross income is the total amount of money you make based on your work contract. Net income is what you see on your paycheck after taxes and...
What is Debt Consolidation and How Does it Work
Having a large debt can negatively affect your life in a number of ways. First and foremost, what is debt consolidation and how does it work? Simply put, it affects your pocketbook. A huge debt load hanging over your head means that you will have to use some of your...