Category: Mortgage

Presentation on valid ID requirements for a mortgage
Mortgage

ID Requirements for a Mortgage in Ontario: What You Need to Know

If you’re planning to buy a home, refinance your mortgage, or secure additional financing using your home in Ontario, one essential step is identity verification. Lenders—whether banks, credit unions, or private lenders—require valid identification to protect against fraud and comply

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Mortgage Arrears The True Costs of Falling Behind
Home Equity Loan

Mortgage Arrears: The True Costs of Falling Behind

Why Falling Behind on Payments Could Cost More Than You Think For Canadian homeowners, a mortgage is often the largest financial commitment they will ever take on. Yet, many Canadians find themselves falling behind on payments due to job loss,

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Construction worker in need of a loan without proof of income
Home Equity Loan

What Loan Does Not Require Proof of Income in Canada in 2025

If you don’t have traditional proof of income like pay stubs or T4s, you’re not out of options. Canadian lenders — especially private and alternative lenders — offer loan products that don’t require conventional income verification. Whether you’re self-employed, on

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Mortgage payment deferrals in June 2025
Mortgage

Learn About Mortgage Payment Deferrals in Ontario

Mortgage payment deferrals allow Ontario homeowners to temporarily pause or reduce their payments due to financial hardship temporarily. It’s not loan forgiveness—interest continues to accrue, and the deferred amount is added to the total mortgage balance. Understanding how deferrals work

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Homeowner reading bank statement showing non-sufficient funds
Missed Payments

Non-Sufficient Funds in Canada: A True Guide

Non-sufficient funds (NSF) are more than just a banking hiccup—they can set off a chain reaction across your finances. In Canada, NSF events affect everything from your bank account and credit card to mortgage and loan payments. And while past

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Couple distraught that the mortgage lender won't renew
Mortgage

When Your Mortgage Lender Won’t Renew Your Loan: Secure Help

If your mortgage lender won’t renew your loan, don’t panic. In Canada, mortgage renewal isn’t always automatic—especially if your financial situation has changed. A non-renewal can happen due to credit score issues, missed payments, unstable income, or risk reassessment. But

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