Nearly 24 million Canadians have a credit file. Credit is a part of modern life, and so too is the credit score, even though most people only have a vague idea of what it is.

If you’re applying for a mortgage in Canada you’ll probably come across the term Qualifying Rate. It’s an important term to know and plays a big part in most mortgage applications.

Welcome back to LowestRates.ca’s Mortgage Journey series. Each week on our blog, we’re examining an important step in the mortgage process, from figuring out if taking a mortgage is the right decision, all the way to making the final payment. In week three, we looked at how to prepare for your house hunting adventures.

Welcome back to LowestRates.ca’s Mortgage Journey series. Each week on our blog, we’re examining an important step in the mortgage process, from figuring out if taking a mortgage is the right decision, all the way to making the final payment.

As last year’s tighter mortgage rules continue to be felt in the Canadian housing market, the CMHC issued new guidelines.

Welcome back to LowestRates.ca’s Mortgage Journey series. Each week on our blog, we’re examining a key step in the mortgage process, from figuring out if taking a mortgage is the right decision, all the way to making the final payment.

If you’ve visited LowestRates.ca recently, you may have noticed our live chat feature in the bottom right corner of your browser.  We are excited to be able to help serve our site visitors in real time and answer any questions about the site or how we can help you to save money on your mortgage, insurance, or credit cards.

At LowestRates.ca, we know that a mortgage is one of the biggest commitments most Canadians will ever take on, and today marks the first in our weekly series on the mortgage journey. Each week on our blog we’ll examine a key step in the mortgage process, from figuring out if taking a mortgage is the right decision, all the way to making the final payment.

What a difference a year makes – or then again, maybe not. One year after Finance Minister Jim Flaherty tightened the country’s mortgage lending rules, it’s worth taking a look at the impact of the changes on the housing market.

There are so many questions surrounding homeowners insurance. Even the term itself poses a quandary: does it have an apostrophe, or not? Homeowners/Homeowner’s/Homeowners’? Most insurers leave out the pesky apostrophe, so at LowestRates.ca that’s how we roll.