As mortgage interest rates in Canada have increased there have been questions about a little know clause called the mortgage trigger rate. Canadian banks generally offer two different types of mortgage, one is a fixed mortgage with a set interest rate and term the other is a variable interest rate mortgage. Learn more
Read more about Variable-Rate Mortgages Payment Increase Implications for Borrowers »
July has been a turbulent month for real estate in Ontario. Learn why July may not be a good month to sell your house in Ontario.
Read more about Is July A Good Month To Sell Your House in Ontario? »
Are private lenders a better choice when you’re looking to take out a mortgage for a house? Are they better than the banks? The answer depends on several factors like whether you’re looking for a short-term or long-term product. Learn more
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Applying for a mortgage –– or any type of loan for that matter –– can be quite stressful if you don’t know your options. With a mortgage, as well as a mortgage renewal and refinancing, you’re getting loans to help purchase a home to live in, so having your application rejected can be terrifying to most people. This is why you should always prepare for your application to be rejected in advance. Learn more
Read more about What to Do When Your Mortgage Application is Denied »
Selling your house to a cash home buyer can solve financial issues. You could be facing a power of sale or foreclosure in Toronto, Etobicoke, Markham, or Oshawa. Learn more
Read more about Can I Sell My House to a Cash Buyer and Live in it as a Tenant? »
In this article, we’ll explore what an assignment sale is, why people perform assignment sales and what are the most common uses for them, the new taxes on assignment sales in Ontario for 2022, and some future predictions. Learn more
Read more about Assignment Sale Trends in Ontario for 2022 »
If you’re looking to sell a home fast, you’ll need to hit the right part of the cycle and jump in during a seller’s market. Deciding whether 2022 is that time means looking at some trends and stats. Learn more
Read more about Is 2022 a Good Time to Sell a House in Ontario? »
Mortgage arrears are the missed or late payments on a mortgage loan. Also known as mortgage delinquencies, this is known as “default” because it does not honour the terms of a mortgage agreement, which is typically paying a monthly fee on time. Mortgage arrears, left unpaid, can result in the lender's power of sale or foreclosure of a property. Learn more
Read more about Statistics on Mortgage Arrears in Canada for 2022 »
With the increase in the demand for homes, home prices skyrocketed. Combined with the cutting of mortgage rates to help stimulate home buyers, it is a great time to sell houses or refinance your mortgages.
Read more about What Happens When You Break Your Mortgage Contract? »Answers to common questions about this Mortgage Broker Store page.
The blog covers private mortgages, second mortgages, power of sale, home equity, bad credit mortgage options, debt consolidation, and practical mortgage education for Ontario homeowners.
No. Blog articles are general education. A mortgage recommendation should be based on the property, income, credit, debts, timeline, and lender options available for the specific file.
Yes. If an article matches your situation, you can contact the team and reference the topic so the discussion starts with the right context.
Use the articles to understand terms, risks, and possible paths, then confirm the numbers and lender requirements before making a decision.
