Lending is based on assessing risk. To mitigate risk, lenders will ensure as best they can that the money will be there to repay the loan. To best access risk, all Ontario lenders will calculate what is called the Loan-To-Value (LTV). Learn more
Read more about How to Calculate Loan-to-Value Ratio? »
Debt consolidation represents taking out a mortgage loan using your property as collateral and utilizing existing equity in your home to merge all debt payments (liabilities) under this one loan to reduce the payments to just one monthly payment. Learn more
Read more about How to Consolidate Your Debt »
If an Ontario homeowner is facing ongoing household debt and damaged credit, a good option to consider is to tap into the existing equity in an owned property. Many Ontarians have put money into their homes to increase the overall value of their property. Why not make your property work for you? Learn more
Read more about How to Borrow Using Your Home Equity in 2021 »
In the fourth quarter of 2020, bankruptcy rates in Canada increased by the largest amount since 2009. Bankruptcy as it is better known is a financial designation given to a borrower who is unable to repay any of their debts. Learn more
Read more about Debt Consolidation in Toronto »
The Covid-19 Pandemic has touched everyone in some way. If not through a direct job loss or layoff, we have probably seen friends go through it. Routines have been upended, finances tested, and we have had to completely modify our daily routines as the Pandemic has taken its grip.
Read more about Insider Tips for Bad Credit Mortgages »
When searching for mortgage financing, there are many different types of mortgages available for the Ontario homebuyer. There are also many different types of lenders that are available in Ontario to help an Ontario borrower reach their mortgage and financing needs.
Read more about When Should You Get a Private Mortgage? »
2020 will undoubtedly be remembered as a year marked with unprecedented events and a year where everyone was trying to make their way through unchartered territory. It is…
Read more about The 2020 Year in Review »
A second mortgage is a loan against a property that already has a mortgage on it. Just like a mortgage or loan, you are expected to repay the second mortgage with interest. If you do not make the required payments, the lender can sell your home to get their money back.
Read more about Second Mortgage Explained »
With COVID-19 causing a second lockdown across Ontario, borrowers are wondering how they can stop power of sale on their home if they cannot to keep up with the required payments. While this is a challenging predicament to be in, there are ways to stop a power of sale.
Read more about How to Stop a Power of Sale »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.
