The Mogo Blog

Why your credit score matters when you’re buying a home

With the new mortgage rules coming into effect across Canada, you might be wondering what that means for you—and whether you can still enter the market. One of the new rules applies a stress test to borrowers, which means you need to qualify at a higher rate when you have less than 20% as a down payment. Before these new rules, mortgage borrowers who took a 5-year fixed-rate mortgage only had to qualify for the mortgage payment based on the interest rate they were getting. Now with the new rule

Credit score tip of the week: Don’t miss payments

Let me tell you a tale… quite possibly a familiar one in your own life.So, Topshop has their annual sale on, which of course I have to hit up. I spot the highly coveted Olivia Palermo bomber jacket [] which of course just happens to be the last one left and is in my size. I head to the register, bomber in hand, ready to take home my fashion find. As I reach for my wallet, the salesperson tells me I’ll get 15% off if I sign up for the

#AskAnAdult: Spending money to make money

This week on #AskAnAdult over at the Kastor & Pollux blog [], Meghan Yuri Young [] asks: [] “As a freelancer, would it be in my best interest to hire an accountant or a financial advisor? Are they different?” Hey gurl, way to go for being a hustler! One of the biggest mistakes that self-employed people make is that they think they can do ALL the jobs and wear ALL the hats. Not always a kewt

#AskAnAdult: Getting out of student debt

First adulting question for our Financial Fitness Coach comes from Taylor Reynolds, [] a photographer / animator / all-around artistic badass who’s asking about student debt. This #AskAnAdult series is going to be a regular feature on the Kastor & Pollux blog [], and you'll be able to read it here on the Mogo blog as well. ![](/content/images/2016/06/mogo_taylor_askanadult.jpg) []“I’ve

5 ways to make sure money doesn’t ruin your marriage

Our Financial Fitness Coach, Chantel, just wrote an article on the Ottawa Wedding Journal [] about how to keep it together with your boo while navigating your finances. Check out her 5 Marriage & Money tips: Sorry to break it to you, but when it comes to money honey, you’ve got to bring a business mindset to your marriage. Money issues can be a major reason why marriages fall apart. Like businesses, actually. So while you’re still in the honeymoon phase (aka. when the wate