Quotes of the Day

Most provinces and states have services where you can do credit checks. There is also a company called TVS (Tenant Verification Services) that run credit checks (tenantverification.com). There's always a fee for credit checks, and we typically pay somewhere between $7 and $15 per applicant. If you go through a one-time service like TVS you'll pay twice that. If you have two people moving in make sure you check the credit of both. It will be twice the price, but knowing the credit and history of both tenants is crucial. [2013] - Julie Broad

Portfolio lenders include many banks, savings institutions, credit unions, pension funds, and life insurance companies. Portfolio lenders can tailor any type of loan that can find a market. [2003] - Gary W. Eldred

Some bankers include your credit potential in their TDS (total debt service) calculations. This means that if you have a credit card or PLC (personal line of credit) with a significant unused balance, a banker may calculate what the payment would be if you maxed the credit card or PLC, thus reducing your ability to obtain a mortgage. If your banker insists on doing this, go somewhere else because other lenders may not be required to underwrite that way. [2009] - Don R. Campbell

Drumming the fingers on the table and continual tapping of the feet on the floor are often misinterpreted by professional speakers as boredom signals, but in fact signal impatience. [2004] - Allan Pease

Ideally, you should check out the condominium unit or property that you are interested in at three different times before you decide to purchase: during the day, in the evening, and on a weekend. That should give you a better profile of noise factors, children, or parties, and the effectiveness of the management control. [2006] - Douglas Gray