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Hamilton (905) 769-2005

Accessing home equity is a popular debt consolidation method, but new Canadian mortgage regulations are making that more difficult to do. Under Canada’s new mortgage rules, homeowners who want to undertake mortgage refinancing must qualify according to higher stress-test rates, rather than the existing contractual mortgage rate. For example, say you bought a $400,000 home

On July 11, 2018, the predicted Bank of Canada interest rate increase came true. The Bank of Canada (BOC) announced that interest rates are going up to 1.5%. This is the fourth time interest rates have risen in a year. They first rose from 0.5% to 0.75% in July of 2017, then to 1% in

In 2016, “Tara” divorced her husband. But what she didn’t separate from was their joint debt. During their marriage, Tara’s ex-husband David had taken on more and more debt, even opening credit cards in Tara’s name and one credit card where he was the secondary cardholder, but Tara was the primary. The cards paid for