7 Ways Debt Could Impact Your Mortgage Renewal (and How to Fix It) Debt doesn’t have to derail your plans—but does having debt affect your mortgage renewal in Canada? The short answer is yes. From credit-card balances to car loans,
Vendor Take-Back Mortgages Ontario: 2025 Guide A Vendor Take-Back (VTB) mortgage is when the seller acts as the lender for part of the purchase price. In Ontario’s tight, rate-sensitive market, VTBs can bridge appraisal gaps, help buyers qualify, and help
If you’re falling behind on property taxes, you’re not alone, and it’s critical to act early. This guide walks you through what delinquent property taxes mean in 2025, the risk path (tax liens, tax sales, potential loss of property), and
5 Powerful Reasons Home Equity Builds Wealth in Ontario Discover 5 powerful reasons why your home equity is your greatest financial asset in Ontario. Learn how to build wealth, refinance, and secure your future. Introduction: Unlocking the Hidden Value in
Top 15 Financial Tools to Help Rebuild Your Credit as a Homeowner in Canada Learn how Canadian homeowners can rebuild credit using proven financial tools like secured credit cards, credit-builder loans, budgeting apps, and equity strategies. Owning a home in
For many Canadians struggling with debt, one of the biggest fears is losing their home if they claim bankruptcy. The good news? Claiming bankruptcy doesn’t automatically mean you’ll lose your home. Whether you keep your property depends on factors like
In Ontario, lenders rarely use true foreclosure. The standard route is power of sale, a faster process that lets the lender sell the property to recover the debt. A simple way to picture the journey: Default happens (missed payments, unpaid
1) What is a Reverse Mortgage in Canada? A reverse mortgage is a loan secured against your primary residence that allows homeowners aged 55+ to access a portion of their home equity as tax-free funds. Unlike a traditional mortgage, you
Can you refinance a home equity loan in Canada? Yes, Canadian homeowners can refinance an existing home equity loan (or HELOC) by replacing it with a new mortgage, restructuring with the current lender, or moving to a different lender for
Introduction If you’ve entered into a consumer proposal in Canada, you’re not alone. Thousands of Canadians use this government-regulated debt settlement process each year as a way to avoid bankruptcy and get their finances back on track. But if you’re
Feeling anxious about your mortgage is completely understandable, especially when bills are rising and income feels tight. If you’re worried you can’t pay your mortgage in Canada, this guide walks you through what typically happens, your rights, and the practical
Second Mortgage Exit Strategy (Durham Region): Get Back to an A-Lender in 6–18 Months If you own in Durham Region Oshawa, Whitby, Ajax, Pickering, Clarington, Uxbridge, Scugog, or Brock—and you’re in a second mortgage or private first, you’re not alone.