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ID Requirements for a Mortgage in Ontario: What You Need to Know

If you’re planning to buy a home, refinance your mortgage, or secure additional financing using your home in Ontario, one essential step is identity verification. Lenders—whether banks, credit unions, or private lenders—require valid identification to protect against fraud and comply...

July 2, 2025

Mortgage

Leased Land Mortgages in Ontario: How to Qualify and What to Expect

Buying a home on leased land can offer affordability and location benefits, but it also comes with unique mortgage challenges. In Ontario, finding financing for leased land properties isn’t as straightforward as purchasing freehold real estate. Whether you’re buying your...

June 30, 2025

Low Appraisals: Steps Canadian Homeowners Can Take

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Low Appraisals: Steps Canadian Homeowners Can Take

When it comes to buying, selling, or refinancing a home in Canada, one step can unexpectedly shake up your plans: a low appraisal. Whether you’re a homeowner trying to refinance or a buyer trying to close on a new purchase,...

June 27, 2025

Mortgage Arrears: The True Costs of Falling Behind

Home Equity Loan Mortgage

Mortgage Arrears: The True Costs of Falling Behind

Why Falling Behind on Payments Could Cost More Than You Think For Canadian homeowners, a mortgage is often the largest financial commitment they will ever take on. Yet, many Canadians find themselves falling behind on payments due to job loss,...

June 25, 2025

What Loan Does Not Require Proof of Income in Canada in 2025

Home Equity Loan

What Loan Does Not Require Proof of Income in Canada in 2025

If you don’t have traditional proof of income like pay stubs or T4s, you’re not out of options. Canadian lenders — especially private and alternative lenders — offer loan products that don’t require conventional income verification. Whether you’re self-employed, on...

June 23, 2025

How to Avoid Losing Your Home: 6 Early Warning Signs and What to Do About Them

Mortgage

How to Avoid Losing Your Home: 6 Early Warning Signs and What to Do About Them

How to Avoid Losing Your Home: 6 Early Warning Signs and What to Do About Them For many Canadians, homeownership represents both a personal milestone and a significant financial investment. But when life throws unexpected financial curveballs—such as job loss,...

June 20, 2025

Struggling with Mortgage Payments? 5 Solutions for Homeowners Facing Financial Hardship

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Struggling with Mortgage Payments? 5 Solutions for Homeowners Facing Financial Hardship

Struggling with Mortgage Payments? 5 Realistic Solutions for Homeowners Facing Financial Hardship Life doesn’t always go as planned. Whether it’s job loss, rising debt, unexpected medical expenses, or a sudden economic downturn, financial hardships can happen to anyone. For many...

June 18, 2025

Power of Sale

How To Get Out of Power of Sale in Ontario: Key Insights

Facing a power of sale in Ontario can feel overwhelming, but it doesn’t mean you have to lose your home. If you’ve fallen behind on your mortgage payments and received a notice of sale, you still have options. The key...

June 16, 2025

Mortgage

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