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9 Ways to Keep Your Credit Score as High as Possible (Part II)

9 Ways to Keep Your Credit Score as High as Possible (Part II)

February 18, 2021 | Posted by: Lam Lee

In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and chances are none of those results are the credit score ...

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Why Is My Credit Score Different From What Lenders See? (Part I)

Why Is My Credit Score Different From What Lenders See? (Part I)

February 18, 2021 | Posted by: Lam Lee

It’s pretty easy to track your credit score these days⁠—perhaps through a paid subscription to Equifax Canada or Trans Union Canada, or through free offerings from your ba ...

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Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre

Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre

September 23, 2020 | Posted by: Lam Lee

It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable? Thanks to historically low spreads between the two, that choice is becoming easier for many. “I ...

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Stress Test Rate to Fall to 4.79%

Stress Test Rate to Fall to 4.79%

August 12, 2020 | Posted by: Lam Lee

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada wi ...

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9 Ways to Keep Your Credit Score as High as Possible

9 Ways to Keep Your Credit Score as High as Possible

July 17, 2020 | Posted by: Lam Lee

How are you supposed to optimize your credit score when you don’t even know what it is? The answer is by focusing more on your overall “credit hygiene” rather than on any one particu ...

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Mortgage Rates Keep Setting New Record Lows

Mortgage Rates Keep Setting New Record Lows

July 2, 2020 | Posted by: Lam Lee

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from disc ...

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CMHC Makes It More Difficult To Get An Insured Mortgage

CMHC Makes It More Difficult To Get An Insured Mortgage

June 11, 2020 | Posted by: Lam Lee

Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment. Any potential home buyer with less than a 20% down paym ...

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Five Tips to Increase Your Credit Score Quickly

Five Tips to Increase Your Credit Score Quickly

June 11, 2020 | Posted by: Lam Lee

In order to qualify for certain mortgage and loan products, a minimum credit score is essential. Even if your score is sufficient to qualify, you might find the rates being offered will be lower than ...

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Why Are Mortgage Rates Rising?

Why Are Mortgage Rates Rising?

May 14, 2020 | Posted by: Lam Lee

Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have red ...

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INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS

INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS

May 7, 2020 | Posted by: Lam Lee

The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to ...

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