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Category: Financing (12 posts)

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

July 24, 2019 | Posted by: Susana Donan

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

3 Simple Ways to Repair Your Credit

July 10, 2019 | Posted by: Susana Donan

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

3 Smart Ways to Use a Home Equity Line of Credit

March 13, 2019 | Posted by: Susana Donan

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]

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

September 26, 2018 | Posted by: Susana Donan

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 free of a ... [read more]

How to Maintain a Good Credit Rating Throughout the Year

How to Maintain a Good Credit Rating Throughout the Year

February 28, 2018 | Posted by: Susana Donan

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]

Can You Afford to Buy a New Home?

Can You Afford to Buy a New Home?

December 27, 2017 | Posted by: Susana Donan

Is Purchasing a New Home 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 incredible advantage. However, i ... [read more]

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

Credit Card Debt vs Mortgage Debt: Which Should You Pay Off?

November 8, 2017 | Posted by: Susana Donan

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

Five Reasons Why You Should Have More Than One Bank Account

October 18, 2017 | Posted by: Susana Donan

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

4 Reasons to Say 'Yes' to Good Credit

September 13, 2017 | Posted by: Susana Donan

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]

5 Ways to Simplify Your Financial Life

5 Ways to Simplify Your Financial Life

August 9, 2017 | Posted by: Susana Donan

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]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

August 1, 2017 | Posted by: Susana Donan

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]

Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

June 27, 2017 | Posted by: Susana Donan

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]

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