Mortgage Blog

Category: Financing (32 posts)

Tips for Improving Your Credit Score Before Applying for a Mortgage

November 1, 2023 | Posted by: Tania Kalinich

Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ...

Bank Of Canada Rate Update June 7, 2023

June 7, 2023 | Posted by: Tania Kalinich

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Tania Kalinich

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...

What are credit scores and how are they important?

September 1, 2021 | Posted by: Tania Kalinich

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Tania Kalinich

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21, 2021 | Posted by: Tania Kalinich

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 12, 2021 | Posted by: Tania Kalinich

The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

March 10, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing

January 20, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

How Good vs Bad Debt Impacts Your Household in Maple Ridge & Pitt Meadows, BC

January 20, 2021 | Posted by: Tania Kalinich

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 mee ...

3 Tips on How to Better Your Credit Score in Maple Ridge & Pitt Meadows, BC

December 2, 2020 | Posted by: Tania Kalinich

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 ...

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

September 9, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

July 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing

July 15, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

Bank of Canada maintains overnight rate target and unveils new market operations

April 15, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the ...

Easy Ways to Repay Your Home Loan Early and Free Up Cash for Family Adventures

November 20, 2019 | Posted by: Tania Kalinich

Most home buyers take out a mortgage to help finance buying a home. As a result, many homeowners are faced with a monthly mortgage payment during the time they are raising their children or sending th ...

How Much House Can You Afford in Maple Ridge & Pitt Meadows, BC? Ask Yourself These Critical Questions to Find Out

July 17, 2019 | Posted by: Tania Kalinich

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 th ...

3 Simple Ways to Repair Your Credit in Maple Ridge & Pitt Meadows, BC

July 3, 2019 | Posted by: Tania Kalinich

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, i ...

3 Smart Ways to Use a Home Equity Line of Credit in Maple Ridge & Pitt Meadows, BC

March 6, 2019 | Posted by: Tania Kalinich

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always ...

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else in Maple Ridge & Pitt Meadows, BC?

September 19, 2018 | Posted by: Tania Kalinich

When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be fre ...

How to Maintain a Good Credit Rating Throughout the Year for People in Maple Ridge, BC

February 21, 2018 | Posted by: Tania Kalinich

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 her ...

Four Strategies That Can Help You Get Approved for a Mortgage in Maple Ridge, BC

February 7, 2018 | Posted by: Tania Kalinich

So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ...

Can You Afford to Buy a New Home in Maple Ridge, BC?

December 20, 2017 | Posted by: Tania Kalinich

Is Purchasing a New Home in Maple Ridge, BC 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 inc ...

Credit Card Debt vs Mortgage Debt for people in Maple Ridge, BC: Which Should You Pay Off?

November 2, 2017 | Posted by: Tania Kalinich

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 kno ...

Five Reasons Why You Should Have More Than One Bank Account in Maple Ridge, BC

October 4, 2017 | Posted by: Tania Kalinich

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 ...

4 Reasons to Say 'Yes' to Good Credit in Maple Ridge

September 6, 2017 | Posted by: Tania Kalinich

Good credit is a necessity for acquiring many things in life. There are many important reasons for saying 'yes' to credit. Below are some of those reasons, as well as ways to get and build your credit ...

10 Mistakes First-Time Homebuyers Make in Maple Ridge

August 16, 2017 | Posted by: Tania Kalinich

Buying your first house in Maple ridge and Pitt Meadows can be an exciting and stressful time. There are so many things to consider that you can find yourself getting overwhelmed. Here are some common ...

5 Ways to Simplify Your Financial Life in Maple Ridge, BC

August 2, 2017 | Posted by: Tania Kalinich

No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei ...

For Savvy Spenders in Maple Ridge, BC: How to Make the Most of your Credit Cards

July 5, 2017 | Posted by: Tania Kalinich

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern Maple Rid ...

Five Rules For Improving Your Money Management Skills in Maple Ridge & Pitt Meadows, BC

February 8, 2017 | Posted by: Tania Kalinich

Money management skills are important, no matter who you are. That's because money doesn't take care of itself -- and if you don't save, invest, and spend your money wisely, you'll undoubtedly suffer ...

Saving For College in Pitt Meadows & Maple Ridge: Tips For Parents

December 5, 2016 | Posted by: Tania Kalinich

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even Pitt Meadows & Maple Rid ...

Strategies to Dig Yourself Out of the Debt Hole

June 13, 2016 | Posted by: Tania Kalinich

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...

Why You Need an Emergency Fund And How to Get One

June 6, 2016 | Posted by: Tania Kalinich

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...

The RIGHT WAY to get a Mortgage