Before your mortgage is paid off, you'll likely need it renewed at least once. This is common practice for home buyers, but it can be a difficult space to navigate. One of the most common questions we get about mortgage renewals is: does it happen automatically? The...
Real estate is considered to be one of the best investments you can make. After all, an investment property is a great way to generate passive income and build long-term wealth. But, what type of mortgage is best for an investment property? While you may be interested...
Securing a mortgage can be tough if lenders consider you to be a high-risk borrower. Fortunately, there are several high-risk lenders out there who can work with you to realize your dream. But, the main hurdle is finding a suitable lender offering high-risk mortgage...
A property owner in Ontario needs to pay property taxes - taxes that are used mainly for public education, local police, libraries, and firefighting. Your municipality will mail you a tax bill every year for every property that you own in Ontario. How much you need to...
Are you trying to get your head around what a variable-rate mortgage is? When looking at getting a mortgage, it can be difficult to make sense of all of the technical jargon that lenders use. The difficulty starts with having to work through the math of different...
So, what is a fixed-rate mortgage? Any time you're looking to purchase a new home or refinance your home, it's important to know all of your options so that you can make the decision that's right for you. Having a clear overview of your financial choices is important....
Are you unhappy with the current terms of your home loan? Are you struggling with debt? Or do you maybe want to benefit from changed market conditions and get a more competitive rate? If you are in any of these positions, then you have probably heard about the option...
A second mortgage or a home equity loan is another loan you take out from the same property. The amount that you are allowed to borrow depends on the amount of equity in your home. Home equity is the difference between the market value of your property less what you...
If you own a home in Ontario, you can qualify for a home equity loan — even with low credit or reduced income. Approval is based on your property value, not your credit score. Many homeowners want to know: how to get a home equity loan with bad credit and no income....
Am I Eligible For A Mortgage Deferral Because of Covid 19? Frustrated Canadians looking for Covid 19 mortgage relief or coronavirus mortgage deferrals are facing delays and denials from Canada’s big banks. The big banks have been flooded with calls over a short period...
Writs and liens can significantly disrupt your financial stability and limit your ability to manage property ownership. According to recent studies, the number of Canadians facing writs and liens has grown, with many unaware of how these legal claims impact their...
Financial instability is a reality for many Canadians. Rising interest rates, inflation, and mounting debts leave homeowners feeling trapped with no clear path forward. As of 2023, the average Canadian household owes $1.82 for every dollar of income. This growing debt...
Artificial intelligence (AI) is reshaping industries and changing how we work. A recent report by the World Economic Forum predicts that by 2025, AI could displace over 85 million jobs globally. While AI creates new opportunities, it also brings uncertainty,...