Well they weren’t until last summer when Bell Mobility and Rogers began reporting their accounts to Equifax.  Now, your repayment history of your cell phone account can negatively affect your ability to obtain a mortgage.  Disputes happen all the time with cell companies who are known for overbilling and other tactics designed to make an extra […]

This story goes as follows. Parents co-sign for a $5,000 credit card for their college bound daughter. The daughter parties hard like so many first year college students do, maxes out the card and makes no payments without her parents knowledge.One fine day, the parents receive a power of sale notice from their bank. They […]

For those of you who read our articles regularly, you understand that we are Mortgage Consumer Advocates. If you are reading us for the first time, please allow us to explain that someone must be on the consumer’s side, looking out for your best interests. Someone must protect you, right?We decided to take on this […]

  This story goes as follows. Parents co-sign for a $5,000 credit card for their college bound daughter. The daughter parties hard like so many first year college students do, maxes out the card and makes no payments without her parents knowledge.  One fine day, the parents receive a power of sale notice from their bank. They are […]

  Folks we are now serving all of Centre Wellington, Wellington North AND Wellington Counties with a new second office just opened at 311 Woolwich Street in Guelph with plenty of parking.  We are very excited about our expansion into the city and look forward to becoming a major force in the mortgage industry for years to […]

WHAT DOES THE NEW YEAR HOLD IN STORE?  According to the new governor of the Bank of Canada, Stephen Poloz, rates ‘will’ remain low and are not likely to increase.  Inflation is well below target, in fact there are renewed fears of ‘Deflation’ which is kind of scary. Deflation means prices drop, and the dollar […]

SHOULD WE WORRY ABOUT THE TORONTO HOUSING MARKET? The Toronto housing market is the centre of our real estate universe. Everything gravitates from there. When it overheats we suffer. When it cools, we suffer more. So if you are worried about a potential housing ‘Bubble’ consider this. The average Toronto house price 25 years ago […]

RESIDENTIAL & FARM MORTGAGES + VISAS + NEW GIC’S – HERE Last week we announced our entry into farm lending. Previously we announced our new DLC Visa. This week we are very pleased to announce that we can now also provide Guaranteed Investment Certificates. The best news is that our GIC rates beat the Banks, […]

FINANCIAL ARMAGEDON OR BUSINESS AS USUAL? Over 60 per cent of Americans believe their economy will fall into a financial abyss, and get this, “Within the next six months.” This shows that the majority are in ‘panic’ mode caused for the most part by the negative media spin. We know that the U.S. is printing […]

FROM FINANCIAL MESS TO FINANCIAL FREEDOM Dan had by all appearances made it. He had a big income as an executive earning in excess of $120K per year and his wife earns $34K as a bookkeeper. They also had over $200K in RRSP’s. But at the end of the day after paying all his credit […]