Applying for a mortgage from a bank or credit union can be stressful at the best of times. The approval requirements are strict, with borrowers needing strong creditworthiness and employment and ...

However, there are risks associated with co-signing a mortgage. As a co-signer, your credit and financial health may be impacted if the primary borrower struggles to meet their mortgage obligations.

Many Canadian homeowners have wondered if mortgage interest is tax deductible. Chances are, they’ve heard that their neighbours to the south can claim their mortgage interest (it’s true). Also, with ...

If you have a mortgage, having ample life insurance coverage is critical for protecting your family and home. But there is more than one way to purchase life insurance that protects what is likely ...

When you go to a bank to get a mortgage in Canada, chances are that the mortgage interest rate that is used to qualify your mortgage and the rate you actually pay will differ. The reason for this has ...

Purchasing a home can be both an exciting and overwhelming process. One aspect that often causes confusion for first-time homebuyers is mortgage closing costs. These expenses are part of the final ...

In an attempt to save on costs, millions of Canadians are using self-directed investing platforms to manage their own investments. These robo-advisors and online brokerages have made investing more ...

There are many instances where you may be in a position to either make or receive a lump-sum payment. Often, you are given the option to choose a lump sum over another payment method. But what exactly ...

When you need to borrow money, your lender may present you with the choice between a loan or a line of credit. While both credit products can accomplish the same goal, they have several differences, ...

Whether you’re 55, 60, or 65+, senior’s discounts can help you save money on everyday expenses while maintaining your quality of life. From restaurants and grocery stores to public transit and travel ...

Whether it’s through credit cards or retail store programs, Canadians use loyalty rewards to earn discounts on everything from travel to groceries to gasoline. Sometimes, you can earn bonus points by ...

Senior bank accounts are designed to cater to the unique needs of senior citizens, providing them with easier access to banking services and often reducing or eliminating fees associated with regular ...