Debt & Lending

Ron Butler of Butler Mortgages examines the wave of Canadian mortgage renewals resetting from pandemic-era lows to much higher rates. Listeners learn why planning a renewal well ahead matters, what shopping beyond the lender's first offer involves, and how term decisions change in a higher-rate environment.

Scott Terrio of Hoyes Michalos returns to discuss consumer insolvency in the pandemic's aftermath, including CEBA repayment pressure. Listeners learn the difference between a consumer proposal and bankruptcy, why insolvency covers a spectrum of options, and how personal and business debt intertwine for owners.

Jason talks with independent mortgage broker Sheldon Brow about how mortgage lending works differently for business owners than for the average consumer. The episode covers what lenders examine beyond credit scores, including debt-service coverage, and how owners can make applying for debt easier.

Cato Pastoll, CEO of Lending Loop, talks with Jason about credit ratings and alternative lending for small businesses. Learn the five factors that drive a personal credit score, why keeping credit utilization low matters, and how alternative lenders evaluate a business.