Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
What is a mortgage broker? Oct 17th
Mortgage brokers are a highly regulated specialized alternative to Canada’s big banks. But what is a mortgage broker exactly? And, When it comes to the purchase of your home, why would you choose a broker over a mortgage specialist at your bank?
Get the mortgage rate that works for you.Fin.... More »
Peoples Trust + MORE Jan 22nd
Company: Peoples Trust Position: Manager, Mortgage Administration Location: Vancouver, BC Apply to: Click here Manager, Mortgage Administration Do you want to be part of a smaller more personable organization? One that recognizes that people are the cornerstone of its continued success. If so then P.... More »
Mortgage payment calculator + MORE Aug 24th
For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. But how do you ensure you get a mortgage that you can actually afford over the long term? That’s where a mortgage payment calculator com.... More »
How Canada’s Small Businesses Can Create Resilient Futures Oct 14th
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Instead of ‘doomscrolling’ — otherwise known as obsessively checking social media for negative stories about the pandemic and .... More »
9 Ways to Keep Your Credit Score as High as Possible (Part II) Jul 10th
In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and chances are none of those results are the credit score lenders see when you apply for a loan product such as a mortgage, credit card or car loan. How are you su.... More »
Switch banks and minimize hassle
– moneysense.ca
Getty ImagesTORONTO – Soured by problems with the bank he had been using for years, Johnny Hollick was looking for a good reason to take his money elsewhere, and a free iPad seemed like the perfect incentive.
One of the other big Canadian banks was offering the tablet device — an incentive used by some big financial institutions to attract new customers — but Hollick said in retrospect he shouldn’t have been enticed by fancy electronics.
“I do regret it,” the Toronto resident said. “If I could go back in time, I wouldn’t have done it.”
Hollick was switching banks because he was dissatisfied with the customer service. It’s a common complaint, but financial advisors say there are more important considerations to make before you pack up your longtime savings and migrate to a new financial institution.
Uprooting your accounts can be an arduous task and without the proper planning it can actually cost you money, with expenses ranging from break fees associated with mortgages to losing interest by cashing out certain investments early…
