Category Archives: Blog

Lower interest rates

We’ve Lowered Interest Rates On Borrowell Personal Loans! What Does This Mean For You?

We know that high-interest credit card debt can be a huge burden. We also know how important securing a low-interest rate on a loan for your next big purchase can be. This is why we’ve lowered our interest rates by… Read More

Rachel Surman

April 17, 2018

Blog

The Best Credit Cards In Canada For People Looking To Build Credit

Okay, so you’ve got bad credit and you know it. You’ve made some mistakes in the past, but you’re ready to move on from them. The question is, how do you improve your credit score when your credit card applications… Read More

Barry Choi

April 5, 2018

Blog
big bank or mortgage broker

Big Bank Or Mortgage Broker: The Ultimate Guide To Choosing A Mortgage

You’ve found the perfect home. Now all you need to do is find that perfect mortgage! This leads us to the classic conundrum for many Canadians looking to buy a home: should you choose a big bank or mortgage broker?… Read More

Rachel Surman

March 29, 2018

Mortgages,Blog

How Do I Use A Credit Card To Improve My Credit Score?

What do a cell phone plan and an apartment lease agreement have in common? They both require you to have a decent credit score to close the deal. The better your credit score, the better your chances are of getting… Read More

Daniel Teo

March 20, 2018

Blog
Personal Loans Calculator

Introducing: The Borrowell Personal Loan Calculator!

Debt has become a major issue in Canada. In fact, 2017 figures from Equifax show that consumer debt is now at an all-time high of almost $1.8 trillion – and this includes $90 billion in outstanding credit card debt! If… Read More

Rachel Surman

March 16, 2018

Blog
frugal tips to save money

7 Frugal Living Tips To Help You Save Money

Wouldn’t you love to hold onto more of your money? Have you ever wondered what makes frugal people so, well, frugal? Learning to live a more frugal lifestyle is one of the easiest ways to keep money in your wallet.… Read More

Michelle Summerfield

March 9, 2018

Blog
Bank Of Canada

The Bank Of Canada Keeps Interest Rate At 1.25%

The Bank of Canada (BoC) announced Wednesday it’s keeping its trendsetting interest rate at 1.25%. This interest rate is called the “Overnight Rate” and is what dictates the prime consumer lending rates of Canada’s “Big Six Banks.” For context, the… Read More

Rachel Surman

March 7, 2018

Blog

EQ Bank GIC: Review

If you’re thinking about opening a Guaranteed Investment Certificate (GIC) in Canada, there has never been a better time! Canadians have a lot of choices when it comes to GICs, however, the newly-launched EQ Bank GIC is currently offering some… Read More

Rachel Surman

March 6, 2018

Blog
Qualifying for a mortgage

The Ultimate Guide To Qualifying For A Mortgage In 2018

The new mortgage rules are the talk of Canada at the moment! If you’ve been following the news, you’ll know that qualifying for a mortgage in 2018 is much harder than it was last year.  If the words “stress test”… Read More

Rachel Surman

March 1, 2018

Mortgages,Blog
creative home

5 Creative Ways To Get Into The Housing Market

Has the high cost of real estate got you down? If you’re looking to buy in a big city like Calgary, Toronto or Vancouver, even buying on a shoestring five percent down payment budget can be challenging. (The new mortgage… Read More

Sean Cooper

February 27, 2018

Mortgages,Blog