Regardless of whether you find this topic fascinating or dull, knowing your options when it comes to Registered Retirement Savings Plan (RRSP) can really be quite helpful!
So you've finally taken that leap and started your own consulting business, cleaning company, Etsy shop, or other career as a self employed person. Or maybe you've been doing contract work for a while now? You may have jumped both feet in or you may just be starting off part-time. In any case, if buying… Continue reading SELF EMPLOYED & WANTING TO BUY? The 4 Things You NEED To Know
What to expect with the Bank of Canada's 2nd increase of their Overnight Rate this year... This change affects variable interest rate mortgages and any credit facilities that are tied to Prime (such as credit cards, lines of credits, and loans).
Interest rates are on the rise. What's happening? If you have a variable rate, should you consider locking in? What is you already have a fixed rate? What if you're still house-hunting?
Equifax, one of two credit reporting agencies in Canada, creates the formulas that calculate your credit score. They create new formulas to adjust to changing consumer behaviour. The mortgage broker industry previously used a formula called Beacon 4.0. As of June 1st, 2016, we are now using Beacon 9.0. This new formula recognizes that a… Continue reading Your Credit Score Got An Upgrade in 2016 – How It Impacts You
Mortgage Default Insurance premiums are going up! Everything you need to know that will affect applications submitted ON or AFTER March 17, 2017.