201510.27
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How to Qualify For a Mortgage Modification?

Mortgage modification is a process that involves modifying a loan due to the borrower’s long-term inability to pay back the loan amount. Typically, loan modifications mean reduction in interest rate, reduction in monthly payment, reduction in principal, reduction in late fees, or extension of the loan term. A lender is usually open to modifying a…

201505.12
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Why First-Time Home Buyers Are Subject to Debt

In a recent article published by The Huffington Post Canada, caution is drawn to first-time home buyers aged 35-44 who are ‘particularly vulnerable’ to debt and who are currently carrying the heaviest load. This age group has accumulated more debt than those who came before them, according to a report done by RBC. In addition,…

201504.14
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5 Ways to Cut Debt and Increase Savings

Debt can be a downward spiral that can be so intimidating many people choose to ignore it instead of trying to resolve it. Unfortunately, the longer you push debt off to the side, the worse it becomes. The stress of debt can be extremely overwhelming, especially when you have a mortgage to pay and a…