Many borrowers often confuse the two and think they are the same when in fact they are very different. So what exactly is the difference? Pre-Qualification is a process a borrower can ask for to determine their ability to obtain a mortgage. Lenders can assist by reviewing monthly income, debt and cash on hand. After [...]
Myth: Debt consolidation saves interest, and you have one smaller payment. Truth: Debt consolidation is dangerous because you treat only the symptom. Debt consolidation is nothing more than a “con” because you think you’ve done something about the debt problem. The debt is still there, as are the habits that caused it – you just [...]
All across Canada, there are millions of people looking to buy a home – either now or in the future. Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home. When most people stop and give it some thought – buying a home makes [...]
