Blog - LendToday.ca

Mortgage Penalties – How Are They Calculated?

A deeper look into mortgage penalties, how they are calculated, and just how you can save. When you apply for a mortgage, you’re already expecting to pay a large sum not only for the debt but the interest it compiles....

September 28, 2021

Mortgage

How Does The Mortgage Stress Test Work?

In January 2018, homebuyers in Canada had to pass a stress test when qualifying for a new mortgage. The Canadian Mortgage and Housing Corporation implemented the Mortgage Stress Test to protect Canadians. It requires homebuyers to be eligible for a mortgage...

September 21, 2021

Mortgage

Obtaining a Commercial Mortgage in Ontario

Obtaining a commercial mortgage in Ontario can be challenging. We’ve found unique lending options to help complete your mortgage and close on your property. These are exciting times for building a business in Ontario. Did you know that nearly 98 percent...

September 14, 2021

Which is Better HELOC or Cash-Out Refinance

HELOC Home Equity Loan

Which is Better HELOC or Cash-Out Refinance

Which is better HELOC or cash-out refinance? Buying a home in Canada isn’t only rewarding and fulfilling, but it’s also beneficial in many ways. If down the road you need funds to help you renovate or pay off credit, you can...

September 7, 2021

Second Home Mortgages: Everything You Need to Know

Home Equity Loan

Second Home Mortgages: Everything You Need to Know

Second home mortgages: Everything you need to know. The record-low interest rates in the past year have resulted in many homeowners in Canada considering buying a second property. Whether it’s a cottage, lake house, vacation property, rental property, or something else, Canadian...

August 31, 2021

Options To Borrow Money With Bad Credit in Canada

Finance

Options To Borrow Money With Bad Credit in Canada

Knowing your options to borrow money with bad credit in Canada can seem overwhelming at the best of times. Did you know that the Canadian credit market debt increased by 1.6% while family disposable incomes dropped by 3.1%? That is due to...

August 24, 2021

Mortgage

Investment Properties: A Canadian Mortgage Financing Guide

Investment properties: A Canadian mortgage financing guide to help you save on interest and propel yourself to wealth. Canada is a growing real estate market. COVID-19 made investors realize that there was a lot of profit to be made in outlier...

August 17, 2021

Mortgage

How Early Can You Renew Your Mortgage Before The Maturity Date?

A mortgage term is the number of years in which the conditions of your mortgage have a legal effect. So after your mortgage term expires, you will need to either pay your mortgage in full, refinance it or have it renewed. In Canada, mortgages...

August 10, 2021

Stop Foreclosure – What Is a Notice of Sale and Statement of Claim?

Home Equity Loan Mortgage

Stop Foreclosure – What Is a Notice of Sale and Statement of Claim?

To stop foreclosure on your home you need to know what a notice of sale and statement of claim is. Although the housing market is booming in Canada, there lies a problem of impending foreclosures. There are many reasons for...

August 3, 2021