Private mortgages are often misunderstood. Borrowers believe that private lenders slap on a higher interest rate and then approve basically anyone who comes knocking. But it’s really not…
Read more about How Private Lenders Price Risk: A Plain-English Breakdown of Rate + Fees »
Ontario mortgage brokers, private lenders, and administrators are always expected to practice transparency, honesty, and professionalism. Not all clients receive this modern standard of business practice, which can…
Read more about How to File a Complaint With FSRA »
Canadians applying for a mortgage may have to confront the term “high-risk mortgage.” The term might sound intimidating to someone with financial difficulties, resulting in bad credit, limited…
Read more about What Is a High-Risk Mortgage? A Simple Guide for Canadian Borrowers »
Canadian homeowners often wonder whether being young or old affects mortgage approval. In Canada, the banking system does not set income limits to mortgage eligibility, but income stability,…
Read more about Is There an Age Limit for Getting a Mortgage in Canada? What Young and Older Borrowers Should Know »
For homeowners in Canada, the decision to relocate often comes with the additional consideration of how to best manage their mortgage debt. The options are either to port…
Read more about Mortgage Porting vs. Breaking: What’s the Cheaper Option? »
One question that first-time home buyers consider is, “Is mortgage insurance something that I need?” Many people misunderstand mortgage insurance, but it’s imperative in the Canadian housing market.…
Read more about Do You Really Need Mortgage Insurance in Canada? Here’s When It’s Mandatory »
If you're looking to invest in a Mortgage Investment Corporation (MIC), you'll need to know the comparison to mortgage brokers and private lenders. It's important to have a…
Read more about Investing in Mortgage Investment Corporations (MICs): What You Need to Know »
Whether you're looking at a traditional or private product, the dangers of unlicensed mortgage brokers can spell big trouble for borrowers. Choose the wrong one, and you can…
Read more about The Dangers of Unlicensed Mortgage Brokers and How to Protect Yourself »
Remortgaging a property can result in lower monthly payments and lowered interest rates. However, the process can be trickier than advertised. In the middle of the investment process,…
Read more about The Hidden Costs of Refinancing: What Lenders Don’t Tell You »