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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 proof of income, or several debt obligations. Understanding what makes a mortgage... View Article
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, credit history, and repayment scheduling are age-related matters that can impact mortgage... View Article
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 the existing mortgage to the new property or break the current mortgage... View Article
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. Every buyer must know where it’s needed, who pays for it, and... View Article
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 clear idea of the benefits that each of these offers to both... View Article
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 face legal issues, hidden terms, and higher fees. Understanding how to protect... View Article
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, some borrowers can find themselves completely vulnerable when lenders don’t discuss the... View Article
There are different private lending options for you to consider. It’s essential to know the differences between refinancing and home equity loans. There’s flexibility with the home equity loan and accessibility for borrowers who want to leverage the value they’ve... View Article
Significant changes are happening in Ontario’s private lending landscape. Lenders are implementing stricter policies on the types of properties they lend on and the loan-to-value ratios they use to approve loans. Past financial losses and future economic uncertainties are the... View Article
Private mortgages can be a valuable tool for entrepreneurs to manage their cash flow and support their business needs. These financial products offer flexible solutions like debt consolidation, second mortgages, and quick access to funding, helping entrepreneurs stabilize their finances and take advantage of business opportunities.
