However, there are risks associated with co-signing a mortgage. As a co-signer, your credit and financial health may be impacted if the primary borrower struggles to meet their mortgage obligations.

When you need to borrow money, your lender may present you with the choice between a loan or a line of credit. While both credit products can accomplish the same goal, they have several differences, ...

Applying for a mortgage from a bank or credit union can be stressful at the best of times. The approval requirements are strict, with borrowers needing strong creditworthiness and employment and ...

Many Canadian homeowners have wondered if mortgage interest is tax deductible. Chances are, they’ve heard that their neighbours to the south can claim their mortgage interest (it’s true). Also, with ...

For the past several years, it’s been easy for all but the most conservative investors to avoid Guaranteed Investment Certificates (GICs). That’s because interest rates were so low most GICs couldn’t ...

A living will, often referred to as an advance directive, is a legal document that provides instructions on the type and extent of care you wish to receive should you become incapacitated. In Canada, ...

Insurance companies play a vital role in the financial well-being of individuals and businesses. They provide protection against many risks and uncertainties, so it’s critical to have a strong ...

Looking to boost your credit score and manage your finances better? Borrowell might be the tool you’re after. This free Canadian service gives you access to your credit score and report, helping you ...

If you have a mortgage, having ample life insurance coverage is critical for protecting your family and home. But there is more than one way to purchase life insurance that protects what is likely ...

Healthcare costs are one of the most overlooked expenses that Canadians face every year. It could be that our universal healthcare system leads us to assume healthcare is free or that medical expenses ...

When planning for retirement, Canadians often turn to registered retirement savings plans (RRSP) as a tax-advantaged option to grow their money. After all, RRSPs are designed to help you accumulate ...

Whether you’re 55, 60, or 65+, senior’s discounts can help you save money on everyday expenses while maintaining your quality of life. From restaurants and grocery stores to public transit and travel ...