What cosigning a loan means Cosigning a loan refers to the act of someone (the cosigner) agreeing to take equal responsibility for repaying a loan alongside the primary borrower. The cosigner acts as a co-guarantor, promising to repay the loan if [...]
How it Started The banking system in Canada has a long and rich history that dates back to the early days of European settlement. The first banks in Canada were established in the late 1700s, and were primarily focused on [...]
OSFI launches public consultation on guideline B-20 The Office of the Superintendent of Financial Institutions (OSFI), Canada's banking regulator, has proposed significant changes to housing finance, with the potential for three new limits on how lenders grant mortgages. The proposal comes [...]
Mr. Client: Hey Kyle I don’t understand what going on with lending rates. Could you get a mortgage for 2% right now? Sorry I have no idea about this stuff Kyle Wilson: Ok so let’s say you want to go buy [...]
Should you be proactive or reactive in getting credit? Should you be proactive or reactive in getting credit? Likely if you currently have a mortgage, line of credit, or auto loan with your local bank. [...]
Pre Approve yourself | Qualifying for a Mortgage | Where to Start? Pre Approve yourself | Qualifying for a Mortgage | Where to Start? How much Mortgage can I qualify for? You may be asking [...]
Why You Should Avoid a Joint Credit Card When Possible Avoid a Joint Credit Card when possible! Your local bank may tell you to get a Joint Credit card because you have a Joint savings [...]
Co Guarantor Vs Cosignor | Which Option Should I Pursue? Co Guarantor VS CoSignor You apply for a Mortgage or Car loan and the bank says “sorry you need a CoSignor”. Without explaining WHY [...]
0 Financing | Is it worth it? | Zero Percent Loans 0 Financing | Is it worth it? | Zero Percent LoansA 0 Financing loan can be a great way to #finance your next #vehicle. [...]
Credit Tips | Improve Credit Score using Credit Cards In order to Improve Credit Score using Credit Cards you must never go over a 50% balance compared to your limit. If your limit is [...]
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