What Does My Credit Score Need To Be To Get A Mortgage In Canada?
Buying a home is one of the most important (and expensive) decisions that you’ll ever make in your life. If you’ve decided to take the leap into homeownership, congratulations! Depending on where you live, it may be a tough process,… Read More
Credit Monitoring And Good Credit Go Together Like PB +J
Monitoring your credit score and having good credit is kind of like enjoying a delicious peanut butter and jam sandwich. Peanut butter packs a whole lot of goodness into just a tiny little spoonful and the same goes for checking… Read More
November 3, 2018Blog
Borrowell Study Finds Credit Monitoring And Good Credit Behaviour Go Together
Borrowell, Canada’s leading credit education and financial product recommendation platform, found a correlation between credit score monitoring and credit score improvement over time in a previous study. But we dug deeper into the data and discovered a relationship between credit… Read More
November 1, 2018Studies
What’s The Difference Between Mortgage Term And Mortgage Amortization?
When you’re a home buyer or home seller, it’s important to know your mortgage lingo! While you don’t have to be able to calculate mortgage payments in your head, it helps to have a basic understanding of how mortgages work.… Read More
Bank Of Canada Hikes Rate: How Does This Affect Borrowers?
This guest post is written by Penelope Graham of Zoocasa. In what is great news for the economy – but not so much for borrowers – the Bank of Canada (BoC) has opted to hike its trend-setting Overnight Lending Rate, a… Read More
The Importance Of On-Time Payments
You may have heard that making on-time payments is the key to having a good credit score. But just how important is it to make your payments on time? The importance of on-time payments Making payments on time, also known as… Read More
Does Refinancing A Loan Affect My Credit Score?
Personal loans are useful when making large purchases like a new home or car. Like many purchases, it’s possible for a loan to become less suited to your needs as better options become available. Whether your credit score was less… Read More
Car Insurance In Ontario: The Rate Increase And What It Means For You
Do you drive a car? Listen up! The Financial Services Commission of Ontario (FSCO) approved premium rate increases for car insurance in Ontario for new and existing drivers. FSCO has now released the auto insurance rate approvals for the third quarter… Read More
What Is A Credit Report And Why Is It Important?
What is a credit report? If you know, then you may be thinking why you should bother with a credit report when you know your credit score. That’s all you need, right? Well, you couldn’t be more wrong! If you’ve… Read More
What Is Credit Utilization?
One of the most important factors that determine your credit score is your credit utilization, but many Canadians don’t know what it is! Did you know your credit utilization determines 30% of your credit score? So, what is credit utilization?… Read More