7 Smart Truths: HELOC vs Refinance, What’s Cheaper for High-Equity Homeowners? If you have significant equity in your home, you are sitting on one of the most powerful financial tools available in Canada: the ability to borrow at rates that
9 Powerful Steps to Calculate Your Home Equity Accurately (And Avoid Expensive Surprises) Home equity is one of the most important numbers a homeowner can know, but many people either guess it or rely on outdated estimates. If you have
Can My Mortgage Company Cancel My Mortgage? What It Really Means and When It Can Happen If you are asking, “Can my mortgage company cancel my mortgage?”, you are usually feeling one of two things: You are worried the lender
Understanding Income Verification in Canada What lenders usually ask for Most Canadian lenders rely on income documents to assess affordability and risk. These often include paystubs, T4s, a T1 general, and a Notice of Assessment issued by the Canada Revenue
7 Great Ways to Reduce Your Mortgage Payments Without Sacrificing Your Goals Mortgage payments can feel like the one bill that never stops testing your budget. When rates rise, renewals hit, or everyday life gets more expensive, it is normal
Important Factors Mortgage Lenders Use to Determine Your Mortgage Amount If you have ever wondered why one lender says you qualify for one amount and another lender says something totally different, you are not alone. Many Canadians assume a mortgage
9 Painful but Smart Options If You Lose Your Job and Can’t Pay Your Mortgage Losing a job hits fast. One minute you are on autopilot paying the mortgage, and the next you are staring at a due date that
Do you need a lawyer to refinance in Canada? Yes, in almost every case. A mortgage refinance is a legal transaction that fundamentally changes how a mortgage is registered on your property title. Canadian law requires a lawyer to discharge
If you are a Canadian homeowner aged 55 or older, there are several safe and flexible ways to pay back a reverse mortgage. You do not need to wait until death or the sale of your home. Depending on your
Lenient mortgage lenders are not all the same. In Canada, leniency depends almost entirely on lender type. A lenders are the strictest but cheapest. B lenders offer flexibility for credit challenges and self-employed income. Private lenders are the most lenient
Introduction: Do You Really Need A Mortgage-Free Home? If you are a homeowner approaching retirement, you might have heard that reverse mortgages are only for people who own their home outright. That belief stops a lot of Canadians from even
7 Smart Truths About Refinancing a Mortgage at Any Time (And Avoiding Costly Penalties) If you’ve ever wondered, “Can you refinance a mortgage at any time?” the honest answer is: yes, usually you can—but whether you should is a totally