Author Scott Tremblay

These are tricky times. The coronavirus outbreak is creating is a ripple effect across Canada, from our workplaces, to our grocery store, to the bank. With layoffs already being reported in droves, many Canadians are wondering how they’re going to make ends meet. We’re hearing similar questions repeated across the country, like “how am I going to pay my mortgage during the coronavirus outbreak?” We understand. Here are some resources that may be helpful.
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Almost everyone uses credit and having a good credit score is crucial to save money, increase the likelihood to be approved for loans and is key to financial success. Below, we go through what credit is and how your actions affect your credit score. With a knowledge on how to impact your credit score, you can ensure that you have a healthy credit score.
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There has been speculation that Canadian interest rates are not done rising yet – and some say they will keep rising until 2020. This means borrowers will qualify for less when they’re looking to purchase, and current home owners can expect mortgage payments to climb at the time of their mortgage renewal, or if they are in a variable rate mortgage.
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