Understanding Your Credit Report

Understanding Your Credit Report

What is a Credit Report? A credit report is a history of how consistently you pay your financial obligations over time. It is created when you first borrow money or apply for credit. The companies that lend or collect money or issue credit cards (banks, finance...
Deciding Between a Variable or Fixed Rate Mortgage

Deciding Between a Variable or Fixed Rate Mortgage

As you may know, a fixed mortgage has a rate that’s locked in for a set number of years, while a variable mortgage has a rate that floats with market conditions. On average over time, you’ll usually come out ahead with a variable mortgage. The reason for this is the...
10 Steps to Saving a Down Payment

10 Steps to Saving a Down Payment

Saving a down payment can be a challenge. But think of it this way: if you can discipline yourself to regularly set aside funds until you have a down payment, you’ll probably have no trouble making your mortgage payments.   Here’s how to get started:   Set a...