Mark Gregorski

Mark is a freelance writer who specializes in covering personal finance topics related to investing, mortgages, credit cards, and more.

He is passionate about educating people on how the financial markets work and providing tips to help them better manage their money. Mark holds a bachelor’s degree in finance from the Northern Alberta Institute of Technology and has more than a decade of experience as an accountant.

Outside of writing and finance, he enjoys playing poker, going to the gym, composing music, and learning about digital marketing.
What Is The Canadian Investor Protection Fund (CIPF)?

What Is The Canadian Investor Protection Fund (CIPF)?

The Canadian Investor Protection Fund is a crucial pillar of the Canadian investment industry that acts to safeguard your money. Here's how it works.

What is an Adjustable Rate Mortgage?

What is an Adjustable Rate Mortgage?

Thinking of getting an adjustable rate mortgage? Here's how it works and why it may or may not be the right mortgage for you.

How Does Mortgage Interest Work?

How Does Mortgage Interest Work?

Mortgage interest may seem like a straightforward concept, but in reality, things can get a bit technical and murky. Here's how it work in detail.

Pay Off Mortgage or Invest? Here’s How To Choose

Pay Off Mortgage or Invest? Here’s How To Choose

Can't decide between paying down your mortgage or investing? Here's the factors you need to consider to ensure you make the right choice for you

What is a Variable Rate Mortgage?

What is a Variable Rate Mortgage?

With a variable rate mortgage, your interest cost may change during your term. Here are the risks and benefits you can expect with this type of loan

What is a Dividend and How Are They Paid?

What is a Dividend and How Are They Paid?

A dividend is a payment a firm makes to its shareholders, usually in cash. It's a great way to earn passive income and share in a firm's profits

FHA Loans Are Not Available in Canada, Here’s The Equivalent

FHA Loans Are Not Available in Canada, Here’s The Equivalent

You won't find FHA mortgage loans in Canada, but there's an alternative available from a government-owned corporation that offers similar features.

HELOC vs Mortgage: Here’s What To Consider Before Deciding

HELOC vs Mortgage: Here’s What To Consider Before Deciding

A HELOC and mortgage are two ways to finance the purchase of a home. Before selecting one, ensure you know the pros and cons of each.

How to Switch Banks in Canada

How to Switch Banks in Canada

Are you unhappy with your current bank and considering switching to a new one? Here's how to do it the smart and hassle-free way.

Loan vs Line of Credit: Key Differences Explained

Loan vs Line of Credit: Key Differences Explained

If you're in need of financing, two great ways to borrow money are a loan and line of credit. Here's how they work and how they differ from each other

What Do You Need to Open a Bank Account in Canada?

What Do You Need to Open a Bank Account in Canada?

Everyone can benefit from having at least one bank account to help manage their money. Here's the entire process for opening one from start to finish.

Credit Utilization Explained & How to Calculate Your Ratio

Credit Utilization Explained & How to Calculate Your Ratio

The amount of credit you use can have a massive impact on your finances. Here's the reason why and how to calculate your credit utilization ratio.

What is APR & How is it Different from Interest Rates

What is APR & How is it Different from Interest Rates

Annual percentage rate (APR) is the cost of borrowing money through your credit card. Here's how it works and why it differs from the interest rate

What is Credit Limit & How Do You Increase It?

What is Credit Limit & How Do You Increase It?

A credit limit restricts the amount you can charge to your credit card. If you're unhappy with your current limit, there are ways to give it a boost

What is Principal in a Mortgage? What about Interest?

What is Principal in a Mortgage? What about Interest?

Your mortgage payments are made up of two components: principal and interest Here's how each is calculated and how they affect one another.

Refinancing a Mortgage: What it is & When to Refinance

Refinancing a Mortgage: What it is & When to Refinance

Refinancing your mortgage means you replace your existing mortgage with a new one. Here's how it works and when its worth pursuing.

Mortgagee: Who Are They & What Do They Do

Mortgagee: Who Are They & What Do They Do

A mortgagee is a lender that provides financing for a borrower to purchase a home. Here's what rights they have and who can act as one

Here’s What a High Ratio Mortgage is

Here’s What a High Ratio Mortgage is

Are you looking to make a small down payment toward your home purchase? If so, you'll likley need a high ratio mortgage. Here's how it works.

Here’s What Home Equity Is and How You Can Use It

Here’s What Home Equity Is and How You Can Use It

If you have a mortgage, you've probably heard of the concept of home equity. Here's what it means and how it can help you secure low-cost financing.

What is a Down Payment & How Much Do You Need?

What is a Down Payment & How Much Do You Need?

A down payment is a sum of money you pay upfront when purchasing a home. But is a down payment necessary? And how much do you need to contribute?

Debit Card vs Credit Card: When To Use Each

Debit Card vs Credit Card: When To Use Each

Both debit and credit cards serve crucial functions in your finances. Here's how the two compare with one another and the benefits each offers.

Money Order vs Certified Cheque: What’s the Difference?

Money Order vs Certified Cheque: What’s the Difference?

Money order and certified cheques both serve as payment methods. Here's how they differ and when it's preferable to use one over the other.

Secured vs Unsecured Loans: Here’s the Difference

Secured vs Unsecured Loans: Here’s the Difference

Loans can be classified as secured or unsecured. Learn the one crucial aspect that separates these two types of debt and how each works in practice

Here’s What a Secured Credit Card Is

Here’s What a Secured Credit Card Is

A secured credit card is an excellent tool for fixing or building up your credit score. Here's how it works and what you need to qualify for one.

What is a Forgivable Loan [with Examples]

What is a Forgivable Loan [with Examples]

Though it may be hard to believe, it's possible to have certain loans forgiven, which means you don't have to repay them. Here's which loans qualify.

What is an Installment Loan & How Does it Work

What is an Installment Loan & How Does it Work

An installment loan is a loan which you repay in equal installments over a preset time period. Here's how it works and how to get approved for one.

What is a Chequing Account & How Does it Differ From a Savings Account?

What is a Chequing Account & How Does it Differ From a Savings Account?

A chequing account is one of the most basic and essential financial tools you can use. Here's how it works and how it differs from a savings account.

What is a Savings Account & Do You Need One?

What is a Savings Account & Do You Need One?

A solid savings plan is a key ingredient in successful financial planning. Here's how a savings account can help you set aside money for the future.

What is a Hybrid Bank Account + Pros and Cons

What is a Hybrid Bank Account + Pros and Cons

A hybrid bank account combines the best that chequing and savings account have to offer. Read on to learn if you should consider opening one.

What is an Unsecured Credit Card

What is an Unsecured Credit Card

A unsecured credit card is one of the most popular financial tools around. Here's how it works, the benefits it offers, and what it takes to get one.

What is a Rewards Credit Card?

What is a Rewards Credit Card?

Looking for a way to obtain more discounts on the merchandise you buy or your next vacation? Then a rewards credit card may be a good fit for you.

What is a Charge Card?

What is a Charge Card?

At first glance, a charge card looks and functions exactly like a regular credit card. But there are some subtle differences that make it unique.

What is a Prepaid Credit Card

What is a Prepaid Credit Card

Have you ever wondered what a prepaid credit card is and if it's worth getting one? If so, here's a primer on how these cards work and what they offer

What is a Secured Loan?

What is a Secured Loan?

To acquire a secured loan, you'll have to pledge an asset you own as collateral. Here's how it works and why it may be worth getting one.

Qualifying For the Paycheck Protection Program (PPP Loan)

Qualifying For the Paycheck Protection Program (PPP Loan)

The Paycheck Protection Program (PPP) is a financial aid initiative implemented by the U.S. government to help small businesses. Here's how it works.

What Is A Chargeback & How Do I Request One?

What Is A Chargeback & How Do I Request One?

Occasionally, you may come across an illegitimate transaction on your credit card statement. By filing a chargeback request, you can get it removed.

Credit Card Security Code (CVV): What Is It & How To Find It

Credit Card Security Code (CVV): What Is It & How To Find It

When you make a credit card purchase online you'll have to provide your card's security code. Here's where to find it, and why it's so crucial.

Canada Deposit Insurance Corporation Explained (CDIC)

Canada Deposit Insurance Corporation Explained (CDIC)

Should your bank go bankrupt, your money may be lost forever. Luckily, the Canada Deposit Insurance Corporation will step up to cover your losses.

Real Estate Commission Fees: How Much Are They & Who Pays?

Real Estate Commission Fees: How Much Are They & Who Pays?

Real estate professionals charge commission fees for helping people buy and sell homes. Here's how they work and what you can expect to pay.

Condo Fees Explained: Here’s What You Need To Know

Condo Fees Explained: Here’s What You Need To Know

If you're an aspiring condo owner, be prepared to pay monthly condo fees. Here's why these fees are charged, what they cover, and what to watch for.

No Interest Loans: Legitimate or Too Good To Be True?

No Interest Loans: Legitimate or Too Good To Be True?

Is it really possible to get a no-interest loan in Canada? The answer is yes! But in some cases this form of financing comes with hidden traps.

Is a Cash Back Mortgage Right For You?

Is a Cash Back Mortgage Right For You?

Could you use a bit of extra cash after taking possession of your new home? If so, you might want to explore what a cash back mortgage has to offer

OAS Clawback: Thresholds and Strategies to Minimize

OAS Clawback: Thresholds and Strategies to Minimize

The Old Age Security (OAS) clawback can steal a sizable chunk of your OAS payments. Here's when it kicks in and what you can do minimize it.

A Guide to Subprime Mortgages in Canada

A Guide to Subprime Mortgages in Canada

Having trouble qualifying for a regular mortgage due to your low credit score? If so, you might want to explore what subprime mortgages have to offer.

Mortgage Rules for Canadians Explained

Mortgage Rules for Canadians Explained

Knowing the rules that govern mortgages in Canada can arm you with the knowledge to better qualify for one. Learn the basics using this helpful guide.

What is Overdraft Interest & How to Prevent It

What is Overdraft Interest & How to Prevent It

Has your bank account gone into overdraft recently? If so, you can expect interest charges to appear shortly. Is there a way to avoid them?

A Guide to Getting and Using a Personal Line of Credit

A Guide to Getting and Using a Personal Line of Credit

A line of credit can be a handy tool for financing large purchases and covering cash shortfalls. Learn how it can work for you in this detailed guide.

The Mortgage Renewal Process Explained

The Mortgage Renewal Process Explained

Has your mortgage come up for renewal? If so, here's what you can expect from the process and some tips on how to make the most of it.

Understanding Credit Card Expiration Dates

Understanding Credit Card Expiration Dates

Credit cards last only a few years before expiring. However, there are good reasons for their short lifespan - and getting a replacement is a cinch

Understanding The Bully Offer In Real Estate

Understanding The Bully Offer In Real Estate

The real estate market can be very competitive. Learn how some homebuyers try to gain an edge by using an aggressive tactic known as the bully offer

What is Compound Interest & How to Calculate It

What is Compound Interest & How to Calculate It

The "magic" of compound interest can help you reach your savings target sooner in life. Here's how it works and how to calculate it.

Interest Rate Differential (IRD) Mortgage Penalty Explained

Interest Rate Differential (IRD) Mortgage Penalty Explained

Thinking of breaking your mortgage contract? If so, you might have to pay a penalty known as the Interest Rate Differential (IRD).

A Guide to the Professional Student Line of Credit

A Guide to the Professional Student Line of Credit

Are you keen on studying law or medicine at university but worried about the high price tag? A professional student line of credit can help.

Collateral Mortgage Advantages & Disadvantages

Collateral Mortgage Advantages & Disadvantages

A collateral mortgage is a way to finance your home purchase and gain access to a line of credit. Find out if this type of mortgage is right for you!

A Simple Guide to Financial Institution Numbers

A Simple Guide to Financial Institution Numbers

Each financial institution has a unique three-digit code assigned to them. Learn why it's important and how to find the one used by your bank.

A Simple Guide To Joint Bank Accounts

A Simple Guide To Joint Bank Accounts

Are you and your family currently juggling multiple bank accounts? If so, this guide can help you decide if merging them into one is a better option.

How To Get Out of a Title Loan: You Have Options!

How To Get Out of a Title Loan: You Have Options!

Are you stuck with a title loan that's hurting your bank account? If so, there's options you can explore to escape it or lessen its impact.

Here’s What A Credit Memo Is

Here’s What A Credit Memo Is

A credit memo is a document that's routinely used in business, but can be a confusing concept. Learn how it works and why companies issue it.

A Guide to Different Types of Credit Cards

A Guide to Different Types of Credit Cards

With so many different types of credit cards around, knowing how each works can be challenging. This detailed guide covers what you need to know.

Is Line of Credit Interest Tax Deductible in Canada?

Is Line of Credit Interest Tax Deductible in Canada?

No one likes paying interest on a LOC. However, in certain cases, you may be able to deduct it from your tax return to reduce your tax bill.

Why Do I Have a Negative Credit Card Balance & What Should I Do?

Why Do I Have a Negative Credit Card Balance & What Should I Do?

Once in a while you may spot a negative balance on your credit card account. Here's why this might occur and what you can do about it

What is a Credit Check? Soft and Hard Checks Explained

What is a Credit Check? Soft and Hard Checks Explained

Looking to get a loan? If so, be prepared for lenders to perform a credit check on you before they approve your application. Here's what to expect.

Debt Service Ratios: How to Calculate GDS & TDS

Debt Service Ratios: How to Calculate GDS & TDS

Learn why your personal debt service coverage ratio is important, how to calculate it, and how lenders use it accept or reject your loan application

Registered Retirement Savings Plan (RRSP) Guide for Canadians

Registered Retirement Savings Plan (RRSP) Guide for Canadians

Saving enough money for retirement can be a formidable task. Learn how an RRSP can accelerate your savings rate and slash your tax bill along the way.

Credit Builder Loans Explained

Credit Builder Loans Explained

Is your low or non-existent credit score preventing you from obtaining financing? If so, see how a credit builder loan can help you give it a boost.

RRSP Loans: Benefits and Drawbacks

RRSP Loans: Benefits and Drawbacks

Do you lack the cash to contribute to your RRSP? If so, an RRSP loan can help you cover the shortfall. Learn how it works and if it's right for you.

Here’s How To Pay Your Credit Card

Here’s How To Pay Your Credit Card

Timely credit card payments are key to avoiding financial trouble. Learn how credit card billing works and how to pay your credit card bill.

Canada Apprentice Loan Explained

Canada Apprentice Loan Explained

Looking to train as a tradesperson but lack the funds to do so? If so, there's financial aid available through the Canada Apprenticeship Loan program

The Role of a Co Signer

The Role of a Co Signer

Are to thinking of co-signing a loan for someone? Before assuming this role, ensure you know your rights, risks, and responsibilities

Here’s How To Cancel a Credit Card

Here’s How To Cancel a Credit Card

Do you have a credit card you longer have any use for? Here's how to cancel it the safe and smart way in a few easy steps.

What is a Bank Draft?

What is a Bank Draft?

A bank draft is a popular payment method used for large purchases that doesn't require withdrawing cash. Learn how it works and why it's advantageous.

How Many Credit Cards Should I Have?

How Many Credit Cards Should I Have?

Credit cards are popular, convenient, and flexible financial tools. Does that mean that owning multiple cards is ideal? And can you own too many?

What is a Line of Credit & How Does it Work?

What is a Line of Credit & How Does it Work?

A line of credit is a loan product that offers a convenient and flexible way to borrow money when you need it. Learn how it works and how to get one.

Open vs Closed Mortgages: Differences Explained

Open vs Closed Mortgages: Differences Explained

Confused about the differences between open and closed mortgages? Here's how they compare with one another and how to select the one right for you

Credit Union vs Bank: Here are the Differences & Things to Consider

Credit Union vs Bank: Here are the Differences & Things to Consider

Credit unions and banks offer similar products and services, but one might be more suitable for you than the other based on some key differences

Fixed Rate vs Variable Rate Mortgages in Canada: Advantages & Disadvantages

Fixed Rate vs Variable Rate Mortgages in Canada: Advantages & Disadvantages

Both fixed-rate and variable-rate mortgages have their benefits and drawbacks. Here's what each has to offer, and how to pick the one right for you

Student Loan vs Line of Credit: Which Is Right For You?

Student Loan vs Line of Credit: Which Is Right For You?

Student loans and lines of credit are both popular ways to finance your post-secondary studies. Here's how they compare with one another.

Car Loan or Line of Credit: Which Is Better When Buying A Car?

Car Loan or Line of Credit: Which Is Better When Buying A Car?

Having trouble deciding how to finance your car purchase? If so, ensure you consider which option is more financially prudent rather than convenient.

First Time Home Buyers’ Program for BC Residents

First Time Home Buyers’ Program for BC Residents

Purchasing your first home can be exciting, but probably the largest purchase you'll ever make. Learn how the BC First Time Home Buyer's Program can help trim your costs.

What Is The Home Buyers’ Plan?

What Is The Home Buyers’ Plan?

Are you keen on buying your first home but short on money? The Home Buyers' Plan can help by turning your RRSP into your own personal bank.

How to Retire Early in Canada

How to Retire Early in Canada

Retiring early in Canada is possible, but it will take diligent planning, disciplined saving, and sincere dedication - and the willingness to forego some shopping sprees!

Mortgage Default Insurance (including CMHC) Explained

Mortgage Default Insurance (including CMHC) Explained

Mortgage default insurance is an expense you may have to incur when purchasing a home. Here's how much it could cost you - and how to avoid it

Porting a Mortgage: The Ins & Outs

Porting a Mortgage: The Ins & Outs

Are you looking to move to a new home, but wish you could take your mortgage with you? By porting it you can do just that. Here's how it works.

Credit Card Interest & Payments Explained

Credit Card Interest & Payments Explained

Understanding how credit card interest works and how to time your payments is crucial if you wish to avoid interest charges hitting your account.

Credit Card Balances: Current vs Statement Balances Defined

Credit Card Balances: Current vs Statement Balances Defined

Ever wonder why your current credit card balance sometimes differs from the one on your statement? Here's a breakdown of why that's the case.

Cash Back Credit Cards Explained

Cash Back Credit Cards Explained

Cash back credit cards allow you to earn rewards on your purchases that you can then redeem for cash. Here's how they work and how much you can earn.

Credit Card Minimum Payments: Everything You Need To Know

Credit Card Minimum Payments: Everything You Need To Know

To keep your credit card account in good standing, you must pay a minimum amount each month against your balance. Here's how minimum payments work.

5 Strategic Ways to Pay Off Credit Card Debt

5 Strategic Ways to Pay Off Credit Card Debt

Credit card debt can wreak havoc on your finances if not managed properly. Here are five strategies you can employ to wipe it out

Wise Canada Review (Transferwise) Safe & Easy Money Transfer App

Wise Canada Review (Transferwise) Safe & Easy Money Transfer App

Are you in need of a low cost, safe, and reliable way to send money overseas? If so, you might want to consider what Wise has to offer.

What is a Balance Transfer between Credit Cards?

What is a Balance Transfer between Credit Cards?

A credit card balance transfer can save you money on interest charges and help pay off your debt faster. Here's how it works and how to get started.

The Big 5 Banks: Which Is The Biggest Bank in Canada?

The Big 5 Banks: Which Is The Biggest Bank in Canada?

The "Big Five" refers to the five largest banks in Canada. In this guide, we explore who they are, how much they earn, and the amount of assets they own.

A Guide to How Credit Cards Work

A Guide to How Credit Cards Work

Credit cards are among the most valuable and practical financial tools. Here's how they work and the best practices to follow when using them

Blend and Extend Mortgage: A Simple Guide

Blend and Extend Mortgage: A Simple Guide

A blend-and-extend mortgage is an alternative way to obtain a lower mortgage rate without having to refinance and pay a steep prepayment penalty.

Wealthsimple Cash App: Instant P2P Money Transfers

Wealthsimple Cash App: Instant P2P Money Transfers

Wealthsimple's Cash app is a money transfer platform that makes sending and receiving money a breeze - and there are no fees to pay!