MNEY

Unprecedented times seem to be the most accurate way to describe the economy of 2020. The global COVID-19 pandemic put a pause on numerous industries crucial to the stability and growth of the economy, including leisure and hospitality, retail trade, manufacturing and construction. But it is not reflected on stock markets around the world. They seem to keep getting higher and higher. Why is that? #stockmarkets #globaleconomy #canadianeconomy #pandemic2020

A credit score is a 3-digit number that credit bureaus like Equifax and TransUnion provide to companies or individuals who wish to assess your creditworthiness. Read more to learn 9 easy ways of how to improve and maintain a high credit score in Canada! #mney #mortgage #creditscore #creditscoreincrease #canadianmortgages #canadabusiness

Refinancing a mortgage involves taking out a new loan to pay off your original mortgage loan. In many cases, homeowners refinance their mortgage to take advantage of lower market interest rates, cash out a portion of their equity, or to reduce their monthly payment with a longer repayment term. #mney #mortgage #privatemortgage #canada #refinance #loan

The process of refinancing a mortgage is similar to getting a new mortgage- meaning, you typically start by shopping around and comparing interest rates and other terms with various mortgage lenders to see which has the best offer. #mney #mortgages #refinance #refinancemortgage #canada

On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced a set of new rules and changes to the eligibility rules for mortgage insurance. The new rules will lower the amount of debt an applicant can carry, set a higher credit score to qualify for CMHC insurance, and will require a homebuyer to use their own funds for their down payment. #mney #privatemortgage #mortgage #COVID19 #canadian #housing #canada