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Can You Pay Mortgage with Credit Card?

Exploring innovative methods for managing mortgage payments has become increasingly important. With credit cards offering convenience and potential rewards, it is tempting to use them to cover significant expenses like mortgage payments. However, exploring this practice uncovers various factors to...

November 8, 2023

Understanding the Foreclosure Process Ontario and How to Save Your Home

Mortgage

Understanding the Foreclosure Process Ontario and How to Save Your Home

When you secure a mortgage to fund your dream home, you’re essentially entering a commitment with your lender, pledging to meet your regular payment obligations until the entire loan is settled. However, life can throw unexpected challenges, making it difficult...

November 1, 2023

Mortgage

How Much Money Can You Get from a Reverse Mortgage?

Ensuring financial stability during retirement is a top priority for many individuals. However, it’s surprising that the concept of reverse mortgages remains largely unexplored by the majority. Recent data indicates that just 2.11% of Canadian homeowners plan to consider reverse...

October 27, 2023

Reverse Mortgage vs. HELOC (Home Equity Line of Credit)

HELOC Mortgage

Reverse Mortgage vs. HELOC (Home Equity Line of Credit)

In Canada, a HELOC is frequently considered the closest alternative and is deemed preferable to reverse mortgages. Nevertheless, selecting the right option is not a straightforward task. To ensure the best decision, you must weigh all aspects, including the less...

October 24, 2023

Mortgage

What is an Adjustable-rate Mortgage? Pros, Cons, & How it Works

An adjustable-rate mortgage (ARM) offers a dynamic choice compared to its fixed-rate counterpart, adding a distinct element to borrowing money for a home. But for those considering their choices for becoming homeowners, it’s crucial to fully grasp how an ARM...

October 20, 2023

Mortgage

How to Calculate Mortgage Payment?

Online mortgage payment calculators are an invaluable tool providing a fast and effortless means of determining your potential mortgage payments. These calculators effortlessly churn out the figures you need with just a few clicks. Yet have you ever wondered how...

October 6, 2023

Mortgage

Why Use a Mortgage Broker Instead of a Bank? A Complete Guide

Even with ever-increasing home prices, home ownership remains to be a major life milestone for most, if not all, Canadians. Fortunately, a mortgage broker can help you understand your many options to make this homeownership dream come true. You may...

October 4, 2023

Mortgage

Best Steps To Take When Your Mortgage Isn’t Renewed!

Facing a mortgage renewal denial can feel overwhelming—but it’s not the end of the road. If your mortgage isn’t renewed, there are several proactive steps you can take to protect your home, maintain stability, and find a new path forward....

October 3, 2023

Mortgage

How Soon Can You Refinance a Mortgage in Canada?

Lenders usually recommend waiting at least six months to a year after obtaining your original mortgage before refinancing. This time allows you to establish a solid payment history and build equity. However, individual circumstances vary, and factors like interest rates,...

September 29, 2023