Tags » Mortgage Default

SP True Stories: $1M debt nearly gone

True stories of supernatural provision

$1,000,000 debt, almost gone!

About 3 years ago, a close friend was close to $1M in debt… and had no job.   94 more words

Supernatural Provision Book

CMHC says Toronto housing market at ‘high risk,’ as economists fear Tories ‘throwing fuel on fire’

Source: Financial Post – Garry Marr | August 13, 2015 7:23 PM ET

Overvalued prices in the real estate markets of Toronto, Winnipeg and Regina are now at “high risk,” according to the latest assessment from Canada’s federal housing agency. 616 more words

Home Buyers

Home Capital Group Inc stock sinks ahead of key earnings call, surprise director resignation

Analysts are buzzing about what is set to be one of the most closely followed investor calls this year.

Home Capital, one of Canada’s largest alternative lenders, will release earnings on Wednesday and host a conference call with analysts and investors Thursday.  680 more words


We don’t charge you mortgage insurance: CMHC - You could still pay a premium even with a 20% down-payment

Source: Money Sense, by by Romana King May 25th, 2015

We recently got an email from a reader who was quite perturbed. He had saved his money was diligent about his budgeting, and was set to purchase a modestly priced home near Ottawa. 956 more words


Bank of Canada rate cut will lure Canadians deeper into debt, say experts

Some debt experts worry that the Bank of Canada’s slashing of interest rates will lure deeply indebted Canadians to slide even deeper into the red. 801 more words

Mortgage Qualification

The nine rules of credit: Which unpaid bills will impact your rating immediately?

It is also important to know what is on your credit report. Suppose you find yourself in a financial bind and you have to choose which bills you’re going to pay first that month. 405 more words

Mortgage Qualification

Are you helping or hurting your client?

Are you helping or hurting your client?

Mortgage loans for clients with bruised credit happen every day – but the industry as a whole needs to ensure those loans are improving fiscal responsibility, and not sinking the client deeper in debt, says one alt lender. 337 more words

Mortgage Qualification