Kathryn posted on Million Dollar Journey that it’s a great time to buy your first house. The Financial Blogger had a guest post from Trisha Wagner, who asked if unmarried couples should merge their finances? The Edmonton Real Estate Blog explains why marketing matters in the current real estate market. Generation X Finance shared 5…
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Monthly Archives: March 2009
How To Establish Or Rebuild Your Credit Worthiness
All my articles this week have shown how you can find out your credit history and score, and what you can do to improve it. But what if you have no previous credit, or some of your accounts went to collection agencies and now no one will give you credit? There are a few steps…
How To Improve Your Credit Score
In the first two articles this week, we discussed how to get your credit report and how to calculate your credit score. Now we’ll look at what you can do to improve your credit score. Pay your bills on time. Late payments are one of the biggest hits to your credit score. Keep your balances…
Calculate Your Credit Score For Free
In yesterday’s article on checking your credit reports, I mentioned that it might be worth paying for your credit report to get your credit score. However, if you’re not too worried about an exact number and would like to have a general idea of your credit score, there is a way to calculate this for…
Check Your Credit Reports
When you apply for a credit card, loan or mortgage, the bank will check your credit history before making a decision to lend you the money. This information comes from the two reporting agencies in Canada: Equifax Canada Inc. TransUnion of Canada These companies keep files on individuals who apply for credit. Lenders, insurers, creditors…
Friday Links
Canadian Capitalist wrote about increasing equity allocation in severe bear markets. Million Dollar Journey discussed how to invest with small amounts per month. Especially useful when starting a Smith Manoeuvre with your mortgage! Financial Highway posted a comparison of canadian discount brokerages for TFSAs and RRSPs. The Financial Blogger explains how a web company works…
Fixed or Variable Rate Mortgage?
Variable rate mortgages have been widely available in Canada since the 1990s. A report released in 2001 states that historically, variable rate mortgages at prime have benefited borrowers 88.6% of the time over the fixed rate. Obviously borrowers who have rates of less than prime are even better off. This historical savings is the risk…
