Credit Mortgages and Finance

How can you master your credit score and ways to improve it.

Found 118 blog entries about Credit Mortgages and Finance.

Mortgage Professionals CanadaIndustry group Mortgage Professionals Canada (MPC) have raised some issues regarding the stress test, specifically its capacity to deter many Canadians from the home market. For this reason, the association is asking the government to reassess such policies.

While the government's good intentions regarding these regulations were acknowledged, MPC said that there is a need to address the condition of many Canadians – millennials, single parents, or recent immigrants – who are seeing increased difficulties when it comes to in owning a home.

"Fewer Canadian now are able to obtain the mortgage they need to acquire a home, and many sellers now find fewer buyers to sell their home too," said MPC President and CEO Paul Taylor.

“As we first outlined at

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Divorce and real estateAre you thinking about a separation from your spouse? How does that effect real estate?

Then you need to know the legal ins and outs when it comes to separation under Canadian law. This article will go over some ideas that many people have about separation so that you will know exactly what your Separation Agreement must include.

Always take professional legal advice

There is much to consider during a divorce, but one of the most basic questions is “Who gets what?” For some couples the division of property can get very messy, while others are able to deal with it quickly and easily. Under Canada’s Constitution, each province and territory is responsible for laws regarding the division and/or equalization of family or marital property, and these

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Are you in need of a Bad credit mortgage loan lender? Are Banks and Brokers saying no?

Kamloops Private LendersWhen most people think about the process of applying for a mortgage, they think about going to a bank or other lending institution depending on where they live. Private Mortgage loans are short in term, ranging from six months to three years. They are based on assets or a hard money real estate loan. What determines whether or not you get the loan depends on the value and equity of the property that serves as the collateral, rather than the credit of the party taking out the loan. Many professional real estate investors who want to purchase, renovate and “flip” a property, or liquidate the equity from property that produces income use Bad Credit Mortgage Lenders.

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Kamloops SeniorsGuest article written by Karen Weeks from www.elderwellness.net

Aging in community is a popular way for seniors to focus on their health by staying active and social, but what exactly is it?

The definition can vary from person to person, but generally it simply means living at home or in a senior community that isn’t assisted by nurses or other caregivers. For many seniors, this is a big deal, as it means that they can continue to make decisions for themselves and live life on their own terms.

“As a matter of fact, a growing number of baby boomers are turning to shared living as an aging in place housing option. A 2014 AARP analysis of census data found approximately 132,000 households and 490,000 women over the age of 50 living with non-romantic

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Kamloops Credit reportWe have collected information from both of the consumer reporting agencies (credit bureaus), as well as our own research to provide a full picture on credit files and credit scores, including those little known “insider” secrets.

If you are looking to buy a home soon then make sure you know your credit score and how to improve or question the details that are held on file.

What information is kept in my credit file?

Your credit file contains information on all of your credit accounts submitted to the credit bureaus, including balances, limits, payment history, etc, as well as identification information such as your name, address, age, social insurance number, marital status, spouse’s name and age, number of dependents, occupation, and employment

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BC mortgage newsFear of rising interest rates is causing more Canadians to opt for fixed-rate mortgages over variable-rate alternatives that could save them thousands of dollars in payments, according to a leading expert.

Justin Thouin, CEO and co-founder of LowestRates.ca, is calling for consumers to base their mortgage decisions on 30 years of downward trending rates, rather than locking in on a guess about what the Bank of Canada will do during the life of a mortgage.

“Canadians have become more concerned about not being able to pay their mortgage. They want to lock their mortgage rate in so they know the amount they have to pay in interest,” he told CTVNews.ca. “It’s a fear-based response.”

The Bank of Canada cautiously held its key interest rate at 1.25 per

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BC real eatate newsBritish Columbia's NDP government will introduce tax measures designed to push down the price of housing by targeting vacant homes owned by out-of-province investors.

Finance Minister Carole James said she hopes this and other changes will cool real estate costs, but would not predict how much, or what will happen if they take a bigger bite out of housing values than intended.

"We are treading on new ground," she told reporters on Tuesday as she unveiled her first full budget.

"We will be doing the analysis as we implement them."

The $54-billion balanced budget also promises historic investments in child care to create new spaces and train more caregivers, while giving tens of thousands of families access to two new programs to subsidize

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Stuck between a rock and your mom’s basement

Living with your parentsMultiple generations living under one roof isn't a new concept, but it is on the rise in North America, especially with millennials. This housing shift comes as a result of many factors, including work challenges and the rising cost of rent in most parts of the country. In fact, millennials are starting their adult lives after the worst financial crisis since the 1930s. This change has been the subject of much speculation and comparison to earlier generations, so personal finance expert Rubina Ahmed-Haq stopped by to help shine some light on why Generation Y is staying put for now.

Gen Y – commonly referred to as millennials – are people born approximately between the 1980s and the mid-1990s. Increasingly

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BC home buyersLatest government numbers show B.C. HOME Partnership program was missing targets

For the current provincial government, it was never HOME sweet HOME.

The province announced today that it will cancel HOME — formally the B.C. Home Owner Mortgage and Equity Partnership program — a government loan program that aimed to help first-time home buyers get into the B.C. housing market. HOME provides loans of up to $37,500 or five per cent of the home's purchase price (up to a maximum of $750,000) to first-time home buyers for a down payment.  .

In announcing the cancellation, the government said the program had failed to meet expectations. When it was announced in late 2016, it was expected that 42,000 British Columbians would use the program over three

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CMHC housing comitteeCanada’s federal housing agency says new mortgage rules intended to cool hot markets are “working better than hoped.” However, housing markets remain out of balance with recent price spikes driven by large single family homes at the expense of much needed rental stock, Evan Siddall, CEO of Canada Housing and Mortgage Corp.

“I think the evidence shows that worked out a little better than we hoped,” said Siddall. “People either bought smaller houses or found another way to find a down payment and that’s okay. We were worried about the strong housing market taking money out of the productive economy – out of business investment, and I think mission accomplished.”

Siddall acknowledged the new guidelines, known as B20, are keeping many young people out

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