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Category: Financing (30 posts)
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
March 10, 2021 | Posted by: Tania Kalinich
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 ... [read more]
Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
January 20, 2021 | Posted by: Tania Kalinich
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 ... [read more]
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 ... [read more]
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 ... [read more]
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
September 9, 2020 | Posted by: Tania Kalinich
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 ... [read more]
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: Tania Kalinich
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 ... [read more]
Bank of Canada maintains overnight rate target and unveils new market operations
April 15, 2020 | Posted by: Tania Kalinich
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
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 ... [read more]
