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Learn About Mortgage Payment Deferrals in Ontario

Mortgage payment deferrals allow Ontario homeowners to temporarily pause or reduce their payments due to financial hardship temporarily. It’s not loan forgiveness—interest continues to accrue, and the deferred amount is added to the total mortgage balance. Understanding how deferrals work...

June 13, 2025

Mortgage

Mortgage After Bankruptcy in Canada: What Homeowners Need to Know

If you’re a Canadian homeowner who has filed for bankruptcy, getting or keeping a mortgage may still be possible. While bankruptcy significantly impacts your credit, your mortgage is considered a secured debt and isn’t automatically erased. The ability to keep...

June 11, 2025

Hard Money Mortgage Lending in Canada: A Homeowner’s Guide

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Hard Money Mortgage Lending in Canada: A Homeowner’s Guide

What Is Hard Money Mortgage Lending? Hard money mortgage lending in Canada refers to short-term, equity-based loans used when traditional financing isn’t available. These loans are secured by real estate and rely on the value of the property rather than...

June 9, 2025

What is Home Equity and How Does It Work? Learn More 2025

Finance

What is Home Equity and How Does It Work? Learn More 2025

Home equity is the difference between your home’s market value and the amount you owe on your mortgage. It increases as you pay down your mortgage or as your home appreciates. Canadian homeowners can tap into this equity to access...

June 6, 2025

Understand Power of Attorney (POA) and Mortgage Financing in Canada

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Understand Power of Attorney (POA) and Mortgage Financing in Canada

A Power of Attorney (POA) is a critical legal instrument in Canadian estate and financial planning. It grants authority to a trusted individual to act on another’s behalf in managing financial, legal, or personal affairs. When used in mortgage financing,...

June 4, 2025

Non-Sufficient Funds in Canada: A True Guide

Missed Payments

Non-Sufficient Funds in Canada: A True Guide

Non-sufficient funds (NSF) are more than just a banking hiccup—they can set off a chain reaction across your finances. In Canada, NSF events affect everything from your bank account and credit card to mortgage and loan payments. And while past...

June 2, 2025

Mortgage

Why More Ontarians Are Turning to Mortgage Brokers Instead of Banks in 2025

Why More Ontarians Are Turning to Mortgage Brokers Instead of Banks in 2025 For decades, Canadian homeowners followed a simple path when it came to mortgages: walk into a bank, talk to a representative, and sign on the dotted line....

May 31, 2025

Mortgage

When Your Mortgage Lender Won’t Renew Your Loan: Secure Help

If your mortgage lender won’t renew your loan, don’t panic. In Canada, mortgage renewal isn’t always automatic—especially if your financial situation has changed. A non-renewal can happen due to credit score issues, missed payments, unstable income, or risk reassessment. But...

May 29, 2025

Refinancing in Ontario: Top Reasons Homeowners Are Restructuring in 2025

Finance Mortgage

Refinancing in Ontario: Top Reasons Homeowners Are Restructuring in 2025

Refinancing in Ontario: Top Reasons Homeowners Are Restructuring in 2025 As Ontario’s real estate market continues to evolve and borrowing costs remain volatile, many homeowners are turning to mortgage refinancing as a financial tool to stay ahead. Whether it’s managing...

May 27, 2025