Sometimes when you sign on the dotted line, you wish you could take it back. In the case of life insurance, that's often possible. In Canada, most insurers offer a 10-day period (and some 20) in which you can cancel your policy, no questions asked. This "free look" offers valuable peace of mind, especially since ... Continue Reading
A credit protection study conducted by the Canadian Association of Financial Institutions in Insurance (CAFII) found 87 percent of Canadians are happy with their experience. Credit protection insurance (CPI) is a safeguard for Canadians who start a new mortgage or open a home equity line of credit (HELOC) loan. Canadians are Satisfied with Creditor's Insurance ... Continue Reading
Over 60 percent of your credit score rests on factors you can control, including on-time payments and how much credit you use in relation to your total amount of credit available.
With another interest rate hike now on the books, the change has some Canadians uncertain about their financial future. The Bank of Canada recently announced an increase in its key interest rate from 1 to 1.25 per cent and, subsequently, most major banks have raised their prime lending rates 25 basis points as well to ... Continue Reading
Millennials have really captured the attention of those in the housing and mortgage loan industry. Everyone is trying to get inside the head of millennials to figure out when, why and how they plan to enter the housing market. It makes sense too, after all, millennials are at the age when people traditionally look to ... Continue Reading