by Tribe Financial | Aug 14, 2020 | Announcements, Blog, Finance, Homeownership
Your credit rating affects all aspects of your financial activities when it comes to borrowing money, as it helps lenders determine the level of risk associated with lending money to you. If you have a solid credit score, lenders believe you’re more likely to make...
by Tribe Financial | Aug 7, 2020 | Blog, Economy, Finance, Mortgage
Canadian seniors who are feeling the financial effects of the COVID-19 pandemic are showing interest in reverse mortgages as a way to stay in their current homes. With a reverse mortgage, Canadians aged 55+ can borrow funds against home equity. No payments are...
by Tribe Financial | Jul 17, 2020 | Blog, Economy, Finance, Homeownership
It’s important not to subscribe to the doom and gloom media reports about the Canadian housing market, especially in the midst of COVID-19 emergency measures. The reality is that, regardless of what you’re reading in the mainstream media, people are still...
by Tribe Financial | Jul 3, 2020 | Blog, Economy, Finance, Homeownership
When you took out your current mortgage, you were required to make a number of key decisions, such as the type of rate you wanted – fixed or variable – the amortization period, whether it was open or closed as well as what term you wanted. A mortgage term...
by Tribe Financial | May 22, 2020 | Blog, Finance, Homeownership
There are a number of reasons why refinancing your mortgage before your current term is up makes good financial sense. The most popular ones include taking advantage of lower rates or using your home equity to consolidate debt, fund renovations, ease cashflow or even...
by Tribe Financial | May 8, 2020 | Blog, Finance, Homeownership
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
