Category: Financing (16 posts)
Budgeting for Inflation
August 3, 2022 | Posted by: Matthew Gottfried
Budgeting for Inflation If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of cons ... [read more]
Spring Clean Your Finances
April 8, 2022 | Posted by: Matthew Gottfried
Spring Clean Your Finances Spring finally arrived after a long winter, and with inflation and the rising cost of living on everyone's mind, there's never been a better time to do a little spring clea ... [read more]
Six Tips For Financial Fitness This Fall
September 8, 2021 | Posted by: Matthew Gottfried
It's September and there is some optimism that we may be moving towards the end of life in a global pandemic. The Fall has had always been a great time to go back to school on financial fitness, and ... [read more]
What are credit scores and how are they important?
September 1, 2021 | Posted by: Matthew Gottfried
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ... [read more]
2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Matthew Gottfried
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ... [read more]
April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
April 21, 2021 | Posted by: Matthew Gottfried
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ... [read more]
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Matthew Gottfried
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ... [read more]
Multi-Family Lending: What You Need To Know About Hard Money Loans
March 8, 2021 | Posted by: Matthew Gottfried
Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ... [read more]
How Good vs Bad Debt Impacts Your Household
January 27, 2021 | Posted by: Matthew Gottfried
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ... [read more]
3 Tips on How to Better Your Credit Score
December 9, 2020 | Posted by: Matthew Gottfried
Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ... [read more]
How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out
July 24, 2019 | Posted by: Matthew Gottfried
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
July 10, 2019 | Posted by: Matthew Gottfried
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]
Planning to Refinance Your Mortgage? Ask These 4 Questions First
April 11, 2018 | Posted by: Matthew Gottfried
Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ... [read more]
Why You Need an Emergency Fund And How to Get One
April 5, 2018 | Posted by: Matthew Gottfried
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]
The Benefits of Investing in Income Producing Properties
March 15, 2018 | Posted by: Matthew Gottfried
Making money in any real estate venture is a difficult task, and many people don't have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purch ... [read more]
Strategies to Dig Yourself Out of the Debt Hole
March 8, 2018 | Posted by: Matthew Gottfried
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]
