Credit score – what is it anyway?

Credit score – what is it anyway?

What is your credit score? Your credit score is a number that lenders use to predict your creditworthiness.  Your credit score is basically a three-digit number that can tell credit reporting companies a lot about your borrowing habits! How is it calculated? The score...
How to choose the right financial planner

How to choose the right financial planner

Most people don’t have the skills required to handle complex investment decisions, but that’s why the universe invented financial planners! Here are 7 tips to choose a qualified financial planner: Decide on some general financial goals and your specific needs (ie....
How the new down payment rules affect home buyers

How the new down payment rules affect home buyers

As you may have already heard, the government is tightening lending rules for residential mortgages. They are setting a minimum down payment of 10 per cent on the portion of home prices above $500,000. Homes purchased below the new price ceiling will remain at 5 per...