Historically, sole proprietors and self-employed individuals with a good credit score were approved mortgages from banks, however regulation has changed things for the 2.75 million self-employed Canadians. A credit score of 680 was enough to apply for a mortgage, and given that those who are self-employed have a higher median net worth than their peers who… Continue reading Can I Get A Mortgage If I’m Self-Employed?
Author: Rebecca H
How Many Canadians Are Currently In Debt?
With everyone talking about student loans, mortgages, and car payments, it seems debt has become a normal part of life. Surprisingly, 24% of Canadians are free from personal debt, opting to repay their loans or avoiding large purchases altogether. Not only is the majority of Canadians in debt, they’re more leveraged than before, and the… Continue reading How Many Canadians Are Currently In Debt?
Surviving Bankruptcy- Do’s and Dont’s
Are you experiencing rough nights that keep you awake with worry? Does debt feel unmanageable with no plan of action? Sometimes bankruptcy is the only viable solution to help get you towards better financial freedom—but there are some pertinent do’s and don’ts that will make your experience a more positive one. Read on to find… Continue reading Surviving Bankruptcy- Do’s and Dont’s