Mortgages Made Easy Blog

Our brokers post interesting news, tips, and industry updates every week.
NOV
25

The very best mortgage rates start years before you need a mortgage……

Credit card shopping spree

Most of us want to raise healthy, happy children, and one great component to that is teaching finance for teens. This should include a very healthy understanding of credit at an early age. When you understand how powerful smart credit habits can impact your life, you make it work for you, not against you; that can be life changing.


As a counter-intuitive as it might sound, one great way to raise financially bullet-proof kids (works for any age, of course) is get them two credit cards, not one. Having and using two credit cards strategically is powerful credit score builder.

The secret is keeping the amount of credit used on each card to 75% or less of the total available credit value of that card, and then paying off the card completely in advance of the due date to avoid high interest charges or poor ratings. When you consistently do this, your credit rating will soar! Sure, it requires a bit of discipline and a healthy fear of paying fees, but without discipline, no plan in the world is going to save you from yourself. And down the road, when you start looking for a home & mortgage, the payoff for this discipline will be massive. Plus living a life of debt respect is truly stress-free living. More to follow on this subject.

Looking for a mortgage? Wondering if you qualify? Interested in refinancing” Our secure and completely confidential “no obligation” quick-form can give you answers, fast.

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  • Ottawa-Carleton Mortgage Inc
    381 Richmond Road Ottawa,
    Ontario K2A 0E7
  • Phone: 613-563-3447
    (24 hours)
  • Fax: 613-563-3195

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