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Category: Mortgage Advice

How to Get a First Mortgage with Bad Credit in Canada

How to Get a First Mortgage with Bad Credit in Canada

Times are tough. There’s no denying it. Interest rates are continuing to go up and there is absolutely no indication that they will be coming down any time soon. Even the banks are feeling it and are being extra careful about lending money. So if you are in the market for your first home, but

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What Can You Do to Combat Rising Interest Rates?

What Can You Do to Combat Rising Interest Rates?

Have you been wanting to purchase a home, or trying to refinance your current home, but don’t think you can qualify with the new rates?  Inflation has increased dramatically, making it seem impossible for Canadians to do so. Going to your local bank for help is fine, but isn’t it better to get advice from

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Interest-Only Mortgages

Interest-Only Mortgages

The Canadian mortgage market has a wide variety of mortgages for homebuyers. While most people choose the more mainstream mortgages with regular terms, there are other mortgage types that may be better suited for you. Each situation is unique and has its own risks, but what may be a disadvantage to some people, could be

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The Mortgage Stress Test: What Can You Afford in Victoria, BC?

If the thought of passing the mortgage stress test is bringing back memories of sweating through high school exams, you’re not alone. The government originally introduced a minimum qualifying rate in 2016 to ensure that borrowers would be able to afford their homes even if interest rates rise, incomes change, or families are faced with

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