Mortgage scams in Canada almost never target the homeowner with perfect credit and a salaried job. They target the homeowner who has just been declined by a bank, who is three months behind on payments, who has a notice of
If you are over 55, own a home with real equity in it, and need access to cash, you have three realistic ways to get at that money without selling. The reverse mortgage vs HELOC vs second mortgage decision is
Rising home prices have changed how Canadians approach the path to homeownership. What was once a solo purchase, or at most a couple’s decision, has increasingly become a family conversation. Adult siblings are buying homes together to combine incomes and
Choosing a mortgage rate type is one of the most consequential decisions a Canadian borrower makes, and it is often the least well explained part of the mortgage conversation. Most borrowers walk into a bank knowing they can choose between
Saving a down payment is one of the biggest financial hurdles most Canadians face on the path to homeownership. What many first-time buyers do not realize is that the money for a down payment does not have to come from
Going through a consumer proposal is one of the more difficult financial decisions a Canadian can make, but for many people it is the smartest path out of overwhelming debt. What often surprises borrowers, both during and after the process,
Most Canadian homeowners sign their mortgage, set up their payments, and never think about payment frequency again. The default at most lenders is monthly, so monthly is what most borrowers end up with. The conversation about whether weekly, biweekly, or
Buying a rental property in Ontario is one of the more popular ways Canadians build long-term wealth, but the financing side of the equation looks very different from buying a home to live in. Lenders treat investment properties as a
Most Canadians sign a mortgage without ever being told there are two fundamentally different ways their loan can be registered against the property. The difference between a standard charge mortgage and a collateral charge mortgage rarely comes up at the
Housing affordability has dominated the Canadian conversation for years, and every now and then, the idea of a 40-year mortgage resurfaces as a possible solution. For some homeowners and aspiring buyers, the appeal is obvious. A longer amortization means a
Going through a separation or divorce is hard enough. Working out what happens to the family home, the mortgage, and the equity built up over years of shared payments can feel like adding a second crisis on top of the
Getting your mortgage declined is one of the more disheartening moments in a financial journey. You filled out the paperwork, you waited for the answer, and the answer came back no. Whether it’s a purchase you were excited about, a