Hard money lender Alberta options can provide short-term financing when you are unable to qualify with a bank or credit union. A hard money lender Alberta focuses on equity instead of income, making these loans suitable for borrowers who do
Quick Summary Most Canadian mortgage lenders require 2 to 3 recent paystubs as part of your income verification package. Salaried borrowers typically need 2, while hourly and variable income earners often need 3. Paystubs confirm your current employer, gross and
If you’re applying for a mortgage in Canada, you need home insurance before closing day. This isn’t optional. Every mortgage lender requires proof of adequate home insurance with the lender listed as a loss payee on the policy. Without an
If you’re financing a rental property in Canada, you’ve likely encountered the term “assignment of rents” in your mortgage documents. While it may sound concerning at first, understanding this provision is essential for any property investor or landlord working with
Understanding Income Verification in Canada What lenders usually ask for Most Canadian lenders rely on income documents to assess affordability and risk. These often include paystubs, T4s, a T1 general, and a Notice of Assessment issued by the Canada Revenue
Do you need a lawyer to refinance in Canada? Yes, in almost every case. A mortgage refinance is a legal transaction that fundamentally changes how a mortgage is registered on your property title. Canadian law requires a lawyer to discharge
Hard money lenders in Ontario, commonly known as private lenders, offer faster, equity-based mortgage solutions for borrowers who need short-term financing, have bruised credit, or are working under tight timelines. These lenders focus on property value rather than credit scores
Life happens. Sometimes unexpected expenses, job changes, or financial challenges leave you wondering if you can skip a mortgage payment. In Canada, some lenders allow this through special features, but skipping a payment comes with important consequences. Your balance grows,
Many Canadian homeowners wonder if they can access funds from their home value equity without refinancing and without the stress of breaking their mortgage. The short answer is yes, you can use equity without refinancing. Whether you’re planning renovations, covering
Can child and spousal support income really help you qualify for a mortgage in Canada? The short answer: yes, it can—but only if it’s well-documented, consistent, and legally enforceable. Many Canadians going through a divorce or separation rely on child
Mortgage Stress Test in 2025: What Changed? Back in January 2018, the Canadian government introduced the mortgage stress test to ensure borrowers could still afford their homes even if interest rates rose in the future. In 2018, the qualifying rate
Divorce is one of life’s most emotionally and financially complex events. When a mortgage is involved, the stress can intensify. For Canadian homeowners going through separation, knowing your mortgage options is essential to protecting your finances, credit, and home. Whether