Blog - LendToday.ca

How Mortgage Prepaid Interest on A Mortgage Works

When a mortgage refinancing or purchase process is completed, the agreed prepaid interest on the loan will be collected from the borrower and paid to the lender upon releasing the funding. Easy enough, right? Not exactly. The truth is, the...

May 31, 2023

How Do You Pay Property Tax Due Without Unnecessary Charges

Finance

How Do You Pay Property Tax Due Without Unnecessary Charges

To free yourself of costly late fees, penalties, and other unnecessary charges, promptly paying your property tax bill is essential. Fortunately, there are a few ways to pay your property taxes quickly and efficiently. This blog post outlines how you...

May 31, 2023

Home Equity Loan

Equity Take-Out Mortgage Explained

Need some extra cash for a home improvement project or an unexpected expense? Using your home equity to get a loan might help! An equity take-out mortgage can be an effective solution for your short- and long-term financial goals. We’re...

May 31, 2023

Mortgage

Mortgage Renewal Tips in Canada for 2023

A mortgage is one of the largest financial commitments Canadians make and it’s something that’s renewed regularly until the loan is paid off. With that in mind, having a good understanding of your mortgage options will ensure you’re getting one...

May 31, 2023

Mortgage

Should I Switch to a Fixed Rate Mortgage? A Practical Guide

Getting a mortgage can be one of the most significant financial decisions you will ever make. Landing on a decision you’re confident in can be tough, especially if you don’t have the vital information you need to make an informed...

May 31, 2023

Mortgage

How Much Money Can You Get from A Reverse Mortgage?

Many Canadians believe they will be financially secure and carefree once they pay off their mortgage. Even as a homeowner, you may not have the cash needed for day-to-day expenses or to do the things you want. A reverse mortgage...

May 30, 2023

The Difference Between Reverse Mortgage and Home Equity Loan: Which is Better?

Home Equity Loan Mortgage

The Difference Between Reverse Mortgage and Home Equity Loan: Which is Better?

As Canadians reach retirement age and beyond, they often wish to remain in a familiar setting that offers comfort and security – their homes. Unfortunately, increasing living costs and rising home maintenance expenses make this more difficult for many to...

May 30, 2023

Mortgage

Can a Bank Deny Mortgage Renewal Canada? Your Questions Answered

When mortgage terms end, most borrowers decide to renew them. But what if a bank denies your mortgage renewal? Don’t panic – there are viable alternatives for you that we’ll cover in this article. On December 7th, the Bank of...

May 30, 2023

Mortgage

A Definitive Guide to Porting a Mortgage in Canada

Moving from one home to another is an exciting time for any homeowner. Unfortunately, terminating your mortgage contract before its term ends can be a challenging financial burden to overcome. However, there are options that can help! For example, transferring...

May 30, 2023