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Category Archives: Mortgage Tips

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Calls grow for a crackdown on “shady” lenders, “outrageous” interest rates in Canada

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Legislators and mortgage industry executives are calling for a crackdown on lenders who charge excessive interest rates in the wake of an in-depth investigation conducted by CBC Marketplace. Marketplace’s undercover investigation looked into the offerings of non-traditional lenders like CashMoney, Easyfinancial, Fairstone Financial, and Money Mart, and found that interest rates could be as high as 46.96% [&hellip…

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Mortgage with bad credit

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April Dunn – Dec 26, 2020 / 11:00 am | Story: 320276Photo: static.financebuddha.com/ Do you have a poor credit rating because of financial problems you have had in the past? Perhaps you went through a bad divorce or you owned a small business that failed resulting in bankruptcy or a consumer proposal. You might have lost your [&hellip…

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What is a good credit score in Canada for a mortgage?

Looking to buy a house in Canada? Before applying for a mortgage pre-approval, you should check your credit score in order to ensure you can be approved for a mortgage in the first place. The bottom line is, the lower your credit score is, the more consequences you’re likely to experience. This is why, even [&hellip…

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