If your house is paid off and you want to borrow against it, the short answer is yes, you can, and you’re in the strongest position a homeowner can be in. With no mortgage on title, a lender can register
A payment is usually reported as late once it is 30 days past due, and it stays on your credit report for up to six years. Lenders do not treat all six of those years the same. The last 12
Rental offset is the calculation a lender uses to decide how much of your rent counts when they assess your mortgage application. The share applied ranges from half your rent to all of it, and the difference comes down to
The most common mortgage questions in 2026 come from homeowners who have already been declined once. Being turned down by your bank does not mean you cannot get a mortgage in Canada. It means you were measured against one lender’s
Two homeowners can walk into two different lenders with the exact same income and get two completely different answers. One gets approved. The other gets declined and has no idea why. That happens because “income requirements for a mortgage” is
Bridge loans are short term mortgages that let you access the equity in a property you already own so you can close on a purchase before your sale completes. The loan is registered on title, it runs for a defined
A foreclosed home purchase in Ontario seldom involves an actual foreclosure. The overwhelming majority of distressed properties here are sold through power of sale, a faster process governed by the Mortgages Act. These properties sell as-is with no seller disclosure;
Prepaid mortgages let a homeowner borrow against their equity without making any monthly payments during the term. The interest is calculated for the full term and held back upfront from the loan through what is called a lender holdback, also
If your house is paid off, you can absolutely still get a loan or mortgage. A paid-off home is one of the strongest assets a lender can see, because you have full equity to borrow against. Whether you want to
In most cases, you can keep your house during a consumer proposal. A consumer proposal deals with your unsecured debt, not your mortgage, so as long as you keep making your regular mortgage payments, your home is not at risk.
If you earn non-traditional income, you can still qualify for a mortgage in Canada. The process looks different, the paperwork is heavier, and the lender you choose matters more than it does for a salaried borrower. That is the short
A HELOC gives you flexible access to your home equity, but heloc repayment is where most Canadian homeowners run into trouble. If you only make interest-only payments, your balance never shrinks. If rates rise, your monthly costs climb fast. This