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If you’re looking to buy a home, the current real estate environment can be very daunting.Between the pandemic, rising inflation, and the housing crisis, becoming a homeowner seemsmore unattainable than ever. In this article, you will find an overview of…

It’s important to pay attention to important aspects of your financial situation such as employment that can make or break your chances of qualifying for a mortgage – and help you keep your approval all the way through to closing. Because…

The Bank of Canada (BoC) aims to keep inflation around 2%. And the primary tool used to control this involves adjusting its benchmark interest rate, which, in turn influences bank prime rates – the rates that control variable interest rates,…

In Canada, banks and other lenders use mortgage Stress Tests to see whether or not you could afford repayments if rates were to change. The government of Canada introduced mortgage stress testing as a way to protect lenders and borrowers…

It’s no secret that having a good credit history is important when buying a home in Canada. But what if you don’t have one? Don’t worry – there are still ways for you to buy your dream home! In this…

Key Takeaways A mortgage rate lock lets you hold an interest rate for a set period of time, usually up to 120 days.(unless you work with nesto for your renewal or new purchase, you can get 150 day lock in…

Key Takeaways Your credit score is a measure of your ability to pay your bills on time, and is reported to two major credit bureaus in Canada: Equifax, and TransUnion.Credit scores range between 300-850. In Canada, a score of 650…