The Well

What Does My Credit Score Need To Be To Get A Mortgage In Canada?

Buying a home is one of the most important (and expensive) decisions that you’ll ever make in your life. If you’ve decided to take the leap into homeownership, congratulations! Depending on where you live, it may be a tough process,… Read More

Barry Choi

November 6, 2018

Blog,Mortgages
good credit

Credit Monitoring And Good Credit Go Together Like PB +J

Monitoring your credit score and having good credit is kind of like enjoying a delicious peanut butter and jam sandwich. Peanut butter packs a whole lot of goodness into just a tiny little spoonful and the same goes for checking… Read More

Rachel Surman

November 3, 2018

Blog
good credit

Borrowell Study Finds Credit Monitoring And Good Credit Behaviour Go Together

Borrowell, Canada’s leading credit education and financial product recommendation platform, found a correlation between credit score monitoring and credit score improvement over time in a previous study. But we dug deeper into the data and discovered a relationship between credit… Read More

Sol Sun

November 1, 2018

Studies
difference between mortgage term and mortgage amortization

What’s The Difference Between Mortgage Term And Mortgage Amortization?

When you’re a home buyer or home seller, it’s important to know your mortgage lingo! While you don’t have to be able to calculate mortgage payments in your head, it helps to have a basic understanding of how mortgages work.… Read More

Sean Cooper

October 30, 2018

Blog,Mortgages
interest rate

Bank Of Canada Hikes Rate: How Does This Affect Borrowers?

This guest post is written by Penelope Graham of Zoocasa. In what is great news for the economy – but not so much for borrowers – the Bank of Canada (BoC) has opted to hike its trend-setting Overnight Lending Rate, a… Read More

Penelope Graham

October 24, 2018

Blog,News
the importance of on time payments

The Importance Of On-Time Payments

You may have heard that making on-time payments is the key to having a good credit score. But just how important is it to make your payments on time? The importance of on-time payments Making payments on time, also known as… Read More

Robert Palumbo

October 18, 2018

Blog,Credit Score Education Centre
refinancing a loan

Does Refinancing A Loan Affect My Credit Score?

Personal loans are useful when making large purchases like a new home or car. Like many purchases, it’s possible for a loan to become less suited to your needs as better options become available. Whether your credit score was less… Read More

Daniel Teo

October 15, 2018

Credit Building Centre,Blog
car insurance in Ontario

Car Insurance In Ontario: The Rate Increase And What It Means For You

Do you drive a car? Listen up! The Financial Services Commission of Ontario (FSCO) approved premium rate increases for car insurance in Ontario for new and existing drivers. FSCO has now released the auto insurance rate approvals for the third quarter… Read More

Administrator

October 14, 2018

Blog,Insurance
what is a credit report

What Is A Credit Report And Why Is It Important?

What is a credit report? If you know, then you may be thinking why you should bother with a credit report when you know your credit score. That’s all you need, right? Well, you couldn’t be more wrong! If you’ve… Read More

Michelle Summerfield

October 1, 2018

Credit Reports,Blog
what is credit utilization

What Is Credit Utilization?

One of the most important factors that determine your credit score is your credit utilization, but many Canadians don’t know what it is! Did you know your credit utilization determines 30% of your credit score? So, what is credit utilization?… Read More

Robert Palumbo

September 20, 2018

Blog,Credit Score Education Centre