A Helpful Guide on Steps to Take the Moment You Receive a Foreclosure Notice in Ontario First, Understand What You Received (In 20 Minutes or Less) In Ontario, most lenders use Power of Sale rather than full foreclosure. Your envelope
What Is a Reverse Mortgage in Ontario? A reverse mortgage is a loan secured against your home that allows Ontario homeowners aged 55 or older to convert a portion of their home equity into cash, with no required monthly mortgage
7 Ways Debt Could Impact Your Mortgage Renewal (and How to Fix It) Debt doesn’t have to derail your plans—but does having debt affect your mortgage renewal in Canada? The short answer is yes. From credit-card balances to car loans,
Vendor Take-Back Mortgages Ontario: 2025 Guide A Vendor Take-Back (VTB) mortgage is when the seller acts as the lender for part of the purchase price. In Ontario’s tight, rate-sensitive market, VTBs can bridge appraisal gaps, help buyers qualify, and help
5 Powerful Reasons Home Equity Builds Wealth in Ontario Discover 5 powerful reasons why your home equity is your greatest financial asset in Ontario. Learn how to build wealth, refinance, and secure your future. Introduction: Unlocking the Hidden Value in
1) What is a Reverse Mortgage in Canada? A reverse mortgage is a loan secured against your primary residence that allows homeowners aged 55+ to access a portion of their home equity as tax-free funds. Unlike a traditional mortgage, you
Introduction If you’ve entered into a consumer proposal in Canada, you’re not alone. Thousands of Canadians use this government-regulated debt settlement process each year as a way to avoid bankruptcy and get their finances back on track. But if you’re
Feeling anxious about your mortgage is completely understandable, especially when bills are rising and income feels tight. If you’re worried you can’t pay your mortgage in Canada, this guide walks you through what typically happens, your rights, and the practical
Second Mortgage Exit Strategy (Durham Region): Get Back to an A-Lender in 6–18 Months If you own in Durham Region Oshawa, Whitby, Ajax, Pickering, Clarington, Uxbridge, Scugog, or Brock—and you’re in a second mortgage or private first, you’re not alone.
Life happens. Sometimes unexpected expenses, job changes, or financial challenges leave you wondering if you can skip a mortgage payment. In Canada, some lenders allow this through special features, but skipping a payment comes with important consequences. Your balance grows,
Mortgage Co-Signer vs Guarantor in Canada: Expert Playbook to a Smarter Approval in 2025 Canadian homeowners and buyers are leaning on help more than ever, especially first-timers, self-employed borrowers, and anyone rebuilding credit. Two common ways to strengthen an application
Many Canadian homeowners wonder if they can access funds from their home value equity without refinancing and without the stress of breaking their mortgage. The short answer is yes, you can use equity without refinancing. Whether you’re planning renovations, covering