Tag: debt

Among Canadian first-time home buyers, the percentage whom employ a mortgage broker has risen from 30 per cent in 2006 to 45 per cent in 2010.

While new Canadians are more likely to be victims of fraud, their knowledge of credit and saving skills are more extensive than the general population’s.

Canadians believe that people are taking on too much debt, yet believe that they are handling their own finances responsibly.

Imagine a mortgage calculator so comprehensive that the least expensive route to home ownership becomes tangible before a commitment is made

What is TD’s strategy to stay afloat in a competitive mortgage market which has seen the Canadian home buyer’s business increasingly shifted towards mortgage brokers?

With the Canada Mortgage and Housing Corporation’s multi-unit insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase.

The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.

Your credit score is one of the weightier elements used by lenders to determine your eligibility to receive financing and to decide the rate they will charge for your mortgage.

The study, ordered by the Financial Planning Standards Council (FPSC), found that of the 20 per cent, or less, Canadians who actually employ a financial planning strategy, virtually all state that doing so has affected an increased ability to save, and an improved sense of security and lifestyle comfort.

If you have no investments but want to start investing, you need a budget to determine how much you can safely afford to invest each month.