2014 may be drawing to a close, but speculation regarding this year’s mortgage market is far from over.
Brokers are already speculating about what, if any, measures will be taken to slow the housing market, following Joe Oliver’s statement that he is keeping a close on real estate in Canada.
Saving money costs money. Period.
Total owed now over $1.5 trillion
Brokers are questioning Equifax’s debt estimations, following an announcement that it believes Canadian household debt comprises two thirds home loans.
Your credit rating is like a financial report card, which creditors use when assessing your credit-worthiness.
You should know what’s on your credit report. Check it at least twice a year.
Increasing your credit score when considering the purchase of a home and obtaining a mortgage as it is important to have a high credit score. But more importantly you should have good overall credit.
How is a Canadian credit score calculated and how does credit history work?
You’d be surprised what they’re using your credit score for.