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? »
Refinancing your mortgage can provide a number of advantages. You might be able to get a better mortgage rate and lower your monthly payments. However, first-time refinancers can find some surprises like resetting a payment timeline, credit checks, and closing costs.
Read more about Refinancing Myths Dispelled »So how do we correctly estimate the value of a property? There are a lot of ways to know how much a property is worth, each method using different calculations and factoring in characteristics of the properties such as the location, living area, construction year, number of rooms, inclusions (pool, terrace, veranda), proximity to schools, shopping area, public transportation, current market condition (buyer’s/seller’s market), city migration, and many many more.
Read more about How to Estimate the Value of a Property Using HouseSigma »
Teaser: The Private Lending Sector cruised through the COVID-induced insecurities of 2021. Mirroring the trend in the Canadian mortgage sector in 2020, unlike some of the other business…
Read more about Wrapping Up the Real Estate Highlights for 2021 »
Applying for a mortgage approval is a long and tedious process. The time it takes also depends on where you start—if you’ve found a home yet, what type of loan you are getting, how prepared you are with your documents, what type of lender you will be borrowing from, etc.
Read more about How Many Days Before You Get Mortgage Approval? »
Getting a bridge loan is a decision made by a homebuyer who needs fast financing for a short term. It seems to be a bad idea because of the high interest and fees, but in emergency situations, this is a more welcome solution than forfeiting your dream home.
Read more about What is a Bridge Gap Loan? »
For those homeowners that may need to sell their home quickly, an option worth exploring is approaching an established and experienced Ontario-based cash home buyer.
Read more about How Does Selling for Cash Work? »
The decision to sell your home is a personal one. It is also very much dictated by current and pressing financial circumstances.
Read more about How Do I Sell a House Without a Realtor? »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.
