When a lender rejects your mortgage renewal application, you may be left feeling helpless in figuring out what to do next. Fortunately, there are a few key steps you can take to help you keep your home, and you’ll find
When a mortgage refinancing or purchase process is completed, the agreed prepaid interest on the loan will be collected from the borrower and paid to the lender upon releasing the funding. Easy enough, right? Not exactly. The truth is, the
Need some extra cash for a home improvement project or an unexpected expense? Using your home equity to get a loan might help! An equity take-out mortgage can be an effective solution for your short- and long-term financial goals. We’re
A mortgage is one of the largest financial commitments Canadians make and it’s something that’s renewed regularly until the loan is paid off. With that in mind, having a good understanding of your mortgage options will ensure you’re getting one
Getting a mortgage can be one of the most significant financial decisions you will ever make. Landing on a decision you’re confident in can be tough, especially if you don’t have the vital information you need to make an informed
Many Canadians believe they will be financially secure and carefree once they pay off their mortgage. Even as a homeowner, you may not have the cash needed for day-to-day expenses or to do the things you want. A reverse mortgage
As Canadians reach retirement age and beyond, they often wish to remain in a familiar setting that offers comfort and security – their homes. Unfortunately, increasing living costs and rising home maintenance expenses make this more difficult for many to
When mortgage terms end, most borrowers decide to renew them. But what if a bank denies your mortgage renewal? Don’t panic – there are viable alternatives for you that we’ll cover in this article. On December 7th, the Bank of
Moving from one home to another is an exciting time for any homeowner. Unfortunately, terminating your mortgage contract before its term ends can be a challenging financial burden to overcome. However, there are options that can help! For example, transferring
Second Mortgage Calculator: How much can I borrow? In 2008 the financial market faced a crisis, and the property market was also under the crash. The thing is, the housing market did survive and many people actually came out of 2008 wealthier because
In 2020, historic low mortgage interest rates led to a 13.3% increase in mortgage renewals, amounting to $20 million in loans in Canada. Despite this opportunity, many individuals missed out on favorable rates. This trend continues today. Refinancing is a
There are several mortgage lenders and banks who will approve a bad credit mortgage in Ontario. Bad credit is no stranger to many folks, and nearly 20% of Canadians have an “extreme” or “bad” credit score. This makes it difficult to get