Loan-To-Value (LTV) Ratio
When you apply for a mortgage or another type of loan, the lender will want to assess a number of important factors before determining whether or not to approve your loan application. One of these factors is your loan-to-value ratio (LTV). Read More
20 Different Ways to Secure a Loan
In general, loans fall into two categories, secured or unsecured. You have to provide an asset as collateral for a secured loan, but you will also have more benefits available to you for the loan, such as a better interest rate and potentially… Read More
What is a Loan Origination Fee?
While a loan is a versatile tool that can help you out in many different financial situations, it’s important to know that they aren’t free. In fact, when it comes to most loan types, there will be a number of costs associated with… Read More
Which Credit Bureau Do Lenders Check in Canada?
Creditors use credit bureaus in Canada to check a consumer’s creditworthiness before extending credit. Lenders tend to have a preference of either Equifax or TransUnion, but some will check both. Understanding what a credit bureau is, how they get their information, and how to monitor the information contained… Read More
Why Do I Have More Than One Credit Score?
Regular checks of your credit score and report are crucial as it gives you the chance to review and regulate your personal finance performance. Every twelve months, the two credit bureaux of Canada, Equifax and TransUnion, allow every Canadian individual to attain one free copy… Read More
6 Unexpected Expenses to Prepare For This Winter
Sponsored by Fairstone For this blog, we’ve teamed up with our partners at Fairstone. Having an emergency fund can help lessen the burden when it comes to paying for repairs and other expenses. But we often forget how vulnerable we are to financial emergencies, and… Read More
Will Cosigning A Loan Affect My Credit Score?
The short answer is yes, cosigning a loan will have an impact on your credit score. Cosigning a loan on its own won’t have an immense impact on your credit, although, how the loan is handled will determine the weight of the impact and… Read More
The 5 C’s of Credit
“Credit” starts with the letter “C,” but that’s not the only important word related to your finances that does. Your credit is a crucial component to your financial health and plays a key role in your ability to secure a loan, land an apartment, and even get approved… Read More
Refinancing a Loan, Does it Hurt Your Credit Score?
Anyone who holds a loan may want to refinance down the road for the associated benefits that come along with the offer. Your credit score may take a slight hit, but if the benefits of the refinancing outweigh the downfall, you should definitely seize the opportunity. Remember that… Read More
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