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More so now than ever before we see people worry about their debts. COVID-19 brought an unprecedented reality to all of us. If you are out of work as a result of the coronavirus pandemic, you have noticed by now that the bills were not...

Predatory lending is not something new and has been affecting many Canadians across the country for many years (check our previous post on this topic). However, the unprecedented financial situation caused by COVI-19 has made predatory lending easier and many Canadians are falling for...

As we are going through these unprecedented times, we’ve been seeing a lot of references to predatory lending. Many wonder what this term refers to in the world of mortgages. Essentially, predatory lending is the practice whereby a lender deceptively persuades a borrower to agree...

Our last post was about consumer proposals as an option to avoid bankruptcy. We all work really hard to avoid going bankrupt, but, in some instances, it might be the only possible way to deal with debt. Just like with anything else, the most important...

We’ve spoken about this topic many times on our videos and podcasts. As we always say, it is extremely important to stay informed about all the topics concerning mortgages. A consumer proposal is a legally binding debt settlement agreement, filed with a Licensed Insolvency Trustee, to...

When introduced, the stress test was in itself a cause of great stress for many prospect home buyers. Suddenly, many people were faced with the reality that they could not buy the home of their dreams due to the restrictions put in place to qualify...

If you find yourself having to pay hundreds, or even thousands, of dollars per month for interest payments on credit, you may want to consider debt consolidation. It may be the time to contact a mortgage broker to help you with this situation. You may be...

Most Canadian graduates finish their post-secondary education with an average of close to $17,000 in debt, according to the Canadian Federation of Students. They are ready to begin their careers. Many start to also think about starting a family and buying a property. The...

Now, here’s an important question to reflect on at the beginning of every year. Once we enter a new year, one of the first things we need to worry about is tax season. This is year, the deadline to make a contribution to your RRSP...

You probably know by know the Purchase Plus Improvements Program allows qualified purchasers to borrow up to 20% of the post-renovation value of a home, even with as little as 5% down. However, some planning still needs to be done before you venture into this...