Letter of Employment for a Mortgage in Canada (2025): Why It Matters & How to Get It Right
Need a letter of employment to get mortgage approval in Canada? Here's why lenders ask for it, what it should include, and how to make sure it's done right in 2025.
Mortgage Default Insurance in Canada (2025): Everything You Need to Know
You’ve finally found a home you love, but you only have a 5% down payment. That’s where mortgage default insurance — also known as CMHC insurance — comes in. It’s one of the most misunderstood parts of getting a mortgage…
How to Get Approved for a Mortgage in Canada (2025): A Complete Guide
Getting mortgage approval in Canada in 2025 isn’t just about your income — lenders look at your credit score, debt ratios, job stability, and more. This complete guide shows you how to boost your chances.
Mortgage Broker vs. Banks: Which One Should You Choose in 2025?
Should you go directly to your bank or work with a mortgage broker in 2025? This guide breaks down the key differences — from rates and flexibility to service and approval chances — so you can choose wisely.
What is the Mortgage Qualifying Rate (MQR) in Canada? A 2025 Guide
You’ve found your dream home, done the budget math, and you’re ready to apply for a mortgage. But then your broker says, “Let’s see if you pass the stress test.” Stress test? What test?In Canada, the Mortgage Qualifying Rate (MQR)…
Mortgage Rate Lock-in in Canada: Should You Lock Your Rate in 2025?
Interest rates have been jumping up, sliding down, and bouncing around more than ever in Canada’s housing market. And if you’re about to get a mortgage, the question is: should you lock your rate? Whether you’re a first-time buyer or…
Mortgage Trigger Rate in Canada: What It Is, When It Hits, and What To Do in 2025
You’ve taken a variable-rate mortgage because the initial rate was low and things felt affordable. But suddenly, you get an email from your lender. It’s about something called a ‘trigger rate.’ Your payments haven’t changed, but your balance is barely…
Porting Your Mortgage in Canada (2025): A Complete Guide to Transferring Without Penalties
Let’s say you locked into a great mortgage rate two years ago. But now, your family is growing, and it’s time to move to a bigger place. You’re halfway through your term, and your current rate is lower than what…
What Makes Mortgage Rates Go Up or Down in Canada? (2025 Explained Simply)
You see headlines every week: ‘Mortgage rates hit new highs!’ or ‘Bank of Canada pauses rate hikes!’ But what does it really mean for someone trying to buy a home or refinance? Let’s break it down in plain English. If…
Conventional Mortgages in Canada: Are They Still Worth It in 2025?
What is a Conventional Mortgage? A conventional mortgage — sometimes called an “uninsured mortgage” — is one where the borrower makes a down payment of at least 20% of the purchase price. That higher down payment acts as a buffer…
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