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Interest Rates May remain Low for Now but Mortgage Stress Tests are Set to Head Northward

The Federal Government and the Bank of Canada have recognized the danger of taking on too much mortgage debt for several years now. A few years back, similar to what we are currently experiencing, the banks could afford to offer discounts on associated interest rates on different mortgage types. There became a need to assess what a homeowner could truly afford given a change of even 1% in their mortgage rate.

What is a Good Credit Score in Canada For a Mortgage?

All lenders will be analyzing credit reports and have to obtain an understanding of why a borrower has the credit score that he/she has. Learn more

How to Calculate Interest on a Private Mortgage?

Although interest rates are propelling many Ontario homeowners/borrowers to take out mortgage financing, if you have poor credit the banks are not the answer. Stringent criteria prevent many with damaged credit from obtaining mortgage loans. Learn more

What are Hard Money Loans and How Do They Work?

What lending options are still open to those that can not demonstrate creditworthiness? Private lenders are well established in this Province who will be able to offer secured private mortgage financing when credit is a stumbling block to mortgage financing. Learn more