Credit Enhancement

So you have bruised credit and do not have a lot of time to address the issues. Here are five – count em’ – five fast changes you can make today to improve your credit immediately. Stop Fighting Your Phone Company This is the most common reason why many Ontario residents have damaged credit. Rogers
It almost seems these days that the options for borrowing money are endless. Everyone from your local bank to the pawn shop on the corner is offering you money at all kinds of different interest rates and repayment terms. Is it any wonder then that a surprising amount of Barrie residents are confused when they
Your credit sucks with a capital S! There are no ifs, ands, or buts on this point. Life has kicked you around and left you with bruises of the credit kind and it hurts. All of a sudden you seem to hear radio ads galore tempting with an easy out – a “quick” and “easy”
So you had to file for a bankruptcy or consumer proposal and were wondering how to get back into owning a home. Here are some of the basics in order to assist you in getting this accomplished. What Does It Take To Qualify For Mortgage Post Bankruptcy Just a quick caveat – mortgage lending can
Well we are at it again! Canadians are carrying more unsecured consumer debt than ever before. We are just doing it with a little more finesse. I translate that to less dollars per month to pay for more borrowed dollars. A dangerous long term combination for those who can’t foresee how they are going to
It can be argued back and forth about what the best feeling is in the world. A common favorite though is  – relief. The dictionary defines relief as – a pleasant and relaxed feeling that someone has when something unpleasant stops. This is also a very common feeling for my clients when we successfully restructure
If only life could be like the movies of our youth. Mom and Dad never fight and the conversations around the dinner table are about weekend plans instead of unpaid bills. Alas reality can be far from rosy. The details of your dinner time conversations are your own however they can be improved in short
Ever wonder what happened to your friend who lost his job? How about the neighbor down the road who lost their spouse to cancer? Life keeps going after these tough circumstances. In picking up the pieces there are times when you need money now – not next week and the options are few at times.
When a Barrie resident finds themselves in a situation where their debts have become overwhelming there are very few real options to improve their lot. You will find claims everywhere of ways to cut your debts and be able to pay back pennies on the dollar of what you owe. Don’t believe it! There is
So you want to buy a home but your credit hasn’t been a priority over the last few years. You’ve been to your bank and left with a feeling of rejection. You need to get a quick crash course in credit rebuilding and here is where you will find it. Come on let’s go! Credit
A most tired refrain echos through my office these days. It goes something like this – My husband and I got into financial trouble and the bankruptcy trustee strongly suggested we file a consumer proposal. The reason it brings a fatigued look to my face is that in most cases it is not necessary. In
It’s a different day than the one our parents grew up in. Back then their loan or mortgage was provided based on a good job and the relationship with their local bank. Not any more. Today we are subject to a process where our use of credit is weighed in quite heavily toward the interest
We all hate debt! But the fact of the matter is that Canadians are more indebted than ever in our history. So we all know that the debt problem isn’t going away any time soon. The real question is what am I going to do about it? We have been overwhelmed with advertisements for mortgages
Four years in a row has consumer debt reduction been the #1 financial resolution for Canadians. This according to a poll conducted for CIBC. The fact that there is no positive change here begs the question: What are we doing wrong? If we can’t clarify the reasons – we won’t be able to make the
We all know how to find a great mortgage! The internet is chock full of information on this. But did you know that there are four things that make for a great mortgage client? I may have some of you laughing right now but the truth is – these four things will help you to
So you have bruised credit and do not have a lot of time to address the issues. Here are five – count em’ – five quick changes you can make today to improve your credit immediately. Stop Fighting Your Phone Company This is the most common reason why many Ontario residents have damaged credit. Rogers
The US financial crisis has given the term “Subprime” a bad name. The truth of the matter is that this is an institutional loan for those who don’t qualify for the bank’s best mortgage products. This covers everyone from self employed business owners who don’t desire to disclose all of their intimate details – to
So you are browsing the web for a good Debt Consolidation Calculator but you feel lost in the financial complexity of it all. I understand where you are coming from. The answers provided from entering a few numbers seem promising. Then you actually reach out to the bank and not is all that it seemed
So there was a bump in the road of life and you are left with a personal financial crisis to solve. The job or lack there of has left you in a pinch and your bills keep calling out to you at 3am. You are not alone in wondering what to do. A surprising amount
So you want to buy a home but your credit hasn’t been a priority over the last few years. You’ve been to your bank and left with a feeling of rejection. You need to get a quick crash course in credit rebuilding and here is where you will find it. Come on! Credit Missing In
You Are Richer Than You Think! Well that is one bank’s way of saying it (although the only people they have made rich have been their shareholders). The truth is that there is a way to save yourself a considerable amount of money – that’s hard earned after tax dollars I’m talking about. It is
Ever wanted to go behind the scenes and find out how the banks and other lenders – even mortgage brokers – are treating your credit situation? Want to find out what they think and are saying about you when you have left their office? Well I know and am ready to tell all (YOU ARE
There are many strong reasons to be investing in real estate today. Property values in many regional markets are still growing – Canada has a healthy immigrant population that needs and will need a place to live – and of course my favorite – mortgage interest rates are still sitting at historical lows. But for
So you need money and don’t get paid until the end of the week. You’ve tried the bank and they have turned you down based on your credit. The only solution that you can see is another payday loan. Well not true if you own your home. Then there are options. But what is the
When a Canadian finds themselves in a situation where their debts have become overwhelming there are very few real options to improve their lot. You will find claims everywhere of ways to cut your debts and be able to pay back pennies on the dollar of what you owe. Don’t believe it! There is only
Your credit score is one of the most misunderstood financial tools we have access to as Canadians. What is worse is the misinformation being passed around by pseudo experts. Many of us have gotten into credit trouble at one point or another along the road of life. Here is how to get out of it
They say that all things are not created equal. This is especially the case when it comes to the mortgage industry. A full time – ongoing educated Mortgage Broker is a valuable asset to those who choose to work with them. Finding and leveraging their experience will make the difference of tens of thousands of
There are a few things we Canadians will not do without like our hockey, maple syrup, and a 5 year fixed mortgage? That’s right. Believe it or not, this mortgage product is as Canadian as they come. There is no doubt as 4 out of 5 new mortgages in 2012 were fixed rate and the
Three years in a row has consumer debt reduction been the #1 resolution for Canadians. This according to a poll conducted for CIBC. The fact that there is no positive change here begs the question: What are we doing wrong? If we can’t clarify the reasons – we won’t be able to make the changes
They say that in the information age that knowledge is power. But even in the information age having access to unlimited information including mortgage calculators can make things more confusing than less. The way the bank’s mortgage calculator is set up can mislead and even provide bad mortgage advice if left in the hands of

A Barrie Home Equity Loan Guide

A home equity loan in simple terms is when you borrow an amount of money that is part of the marketable value of your property. This is secured against the home itself which provides lower interest rates and flexible repayment terms. What is not so simple today is the form that a home equity loan
So you believed that with the uncertainty in the economy plus the changes to mortgage rules that you would not be able to purchase a home? Think again! I am so proud to announce that the Simcoe County Homeownership Program has made it possible for renters who thought they were out of the home market

Benefits of Barrie Private Mortgage Loans

Would you be surprised to learn that a private mortgage can be a great benefit to a mortgage borrower? I am not even just talking about the monthly improvement in cashflow from consolidating higher interest debts. There are powerful reasons to consider the role of a private mortgage as a tool in your borrowing options.
Most Canadians are concerned about their mortgage for long enough to get the documents signed at their bank. After this, the annual statement comes in the mail and the mortgage goes to the back burner of their lives. We make our payments on time and think little else of the largest debt most of us
The options available to Canadians in financial trouble today are to approach a Debt Settlement company who will negotiate your amounts owing lower. Or you could approach a bankruptcy trustee who will prepare a consumer proposal to make structured payment to those you owe over time. Finally, there is a simple debt consolidation in which