Question: Should you get your mortgage pre-approved before you shop for a home? Answer: Definitely! Here’s 6 good reasons why. Shopping for a home is exciting! However, it can be disappointing if you find a home you love only to find out that you don’t qualify for the mortgage. Make sure you do your homework… Read More »6 Reasons to get a Mortgage Pre-approved Before Buying
Buying a home is a really exciting time! But it can be stressful too because of the uncertainty of costs and financing, moving, or maybe relocating to a new city. This article will help you prepare for those costs in advance. When you’re ready to buy, you can focus more on what’s really important- your… Read More »Your First Home Purchase – Know the Costs
Buying your first home is a big event in your life. It is likely your most significant purchase and it involves a lot of time and many decisions. This brief article, and related posts, help you prepare for each step in the financing process. Your First Home-Know the Costs and 6 Reasons to have your… Read More »Steps for Getting a Mortgage
When you take out a mortgage or loan at the bank, your banker will ask if you want insurance coverage. Most customers make this decision very quickly, and with little information. But the decision about insurance is important. The good thing is, if you rushed through the decision at the time of signing papers, you… Read More »Mortgage and Loan Insurance – Is it Worth It?
You’re heading off to post-secondary school. Congratulations! There are great banking offers for students that you can take advantage of and this is also the time to apply for your first credit card and maybe student loans as well. These are the first steps to establishing your Financial Health. Here are some tips to get you… Read More »Best Banking Tips for Students
Anyone can open an account with another person, or 2 or 3 or 10 other people. Joint accounts are common for married couples and for parents and children. Are they a good idea? For sure, but there are some things you need to know if you have a joint account. The most common type of… Read More »Joint Accounts – The Good, The Bad, and the Ugly
A family member or friend asks a you to co-sign a loan or mortgage. Should you do it? There are a few things you should consider first, and some important questions to ask prior to signing on the dotted line. If you’re not informed before you co-sign a loan or mortgage, you could put your… Read More »Co-signing a Loan? Here’s what you Need to Know
You would think that something like cashing a cheque, money order or bank draft would be simple. Many, many years ago, back in the pre-technology age, banks did a lot of cheque cashing. That’s now a things of the past and you usually can only cash an item with the bank where you deal, unless… Read More »Cashing a Cheque, Money Order or Bank Draft
It’s payday! Finally! You get your very first paycheque, log into your online banking and click on the mobile deposit feature. A message pops up saying that there will be a 4 day hold placed on your funds. Really? On my paycheque?? What if I have rent to pay? Food to buy? Is there any way I… Read More »Why Does the Bank Hold My Money?
You’ve opened your bank account and are handed a debit card along with an account agreement explaining the transaction limits for your card. You study it carefully and commit all the information to memory. Probably not. What amount can you mobile deposit? Will funds be held on your deposit? How much can you e-transfer? Is… Read More »Why your Debit Card Limit Matters