Understanding Mortgage Payment Deferrals
If you’re going through a financial rough patch, you might be wondering whether you can pause your mortgage payments without hurting your credit. The answer? It’s possible — but there are important rules to know first. Life Happens. Your Mortgage…
Mortgage Prepayment Privileges in Canada: Should You Pay Off Your Loan Faster?
When you sign on the dotted line for a mortgage, chances are you’re locking in a long-term commitment — often 25 to 30 years. But what if you could shave years off your loan and save thousands in interest? That’s…
Understanding How Different Debts Affect Your Mortgage Approval in Canada
Buying a home is a huge milestone—but getting approved for a mortgage? That’s where things can get a bit nerve-wracking, especially when you’ve got existing debts on your plate.Whether it’s your student loan, car EMIs, or even that sneaky credit…
Title Insurance in Canada: What It Is and Why It Matters
Buying a home in Canada is exciting — but it also comes with paperwork, decisions, and a long list of hidden costs. One term you might hear thrown around during the closing process is title insurance. It sounds like something…
5 Ways to Get Out of Negative Amortization on Your Mortgage
When you take out a mortgage in Canada, the goal is pretty simple: make your monthly payments and slowly build equity over time. But what happens when your payments aren’t enough to even cover the interest? That’s when you slip…
6 Things You Need to be Preapproved for a Mortgage
Before you start house-hunting in Canada, there’s one thing you need to get sorted: your mortgage preapproval. It’s the lender’s way of saying, “Yes, we’re willing to lend you up to this much.” But more than that, preapproval gives you…
Capitalization Options for Variable Mortgages that have Reached their Trigger Point
If you have a variable-rate mortgage with fixed payments, rising interest rates may have pushed you past your trigger point — where your payments no longer cover the interest. When that happens, lenders may offer a solution: capitalization. But what…
Closing Costs Buyer’s Fees
Buying a home in Canada isn’t just about the down payment — closing costs can add thousands to your total bill. If you’re not prepared, these fees can catch you off guard at the worst time. Here’s what every buyer…
Common Mistakes When Renewing Your Mortgage: 6 Expert Tips
Your mortgage renewal is the perfect chance to re-evaluate your loan — but too many borrowers miss it. From skipping the rate shop to ignoring prepayment options, we’ll walk you through the top mistakes and what to do instead. Understanding…
Contingent vs. Pending: What’s the Difference?
In real estate, small words can mean big things. “Contingent” and “pending” might sound similar, but they signal two very different stages of a home sale. Here’s what each one really means. Real Estate Listings: What Do Contingent and Pending…
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