Whether it’s refinancing mortgage or securing new one, there are different financing products available in the market that is crucial for homeowners to understand to make wise decision. Among them Open Mortgage and Closed Mortgage are two important terms that decides...
In Canada, home financing comes with various mortgage options for homeowners to choose from. One of the innovative solutions that has gained popularity now a days is the readvanceable mortgage. This type of mortgage offers unique benefits and flexibility, making it a...
Homeowner often find themselves into dilemma, whether to renew mortgage or refinance, especially when mortgage is near to it’s end terms. Understanding these two financial solutions is important in making informed decisions that align with your goals. In today’s blog,...
When it comes to owning a home, unforeseen difficulties can sometimes lead to the risk of foreclosure. In Ontario, foreclosure is a legal process that occurs when a homeowner fails to meet their mortgage obligations, and the lender seeks to recover the balance of the...
Do you feel like drowning under debt and unable to save money after paying off your monthly bills and credit card loans? Inflation is hitting everyone's life now a day and especially tough for those earning below average or are under low-income bracket. Managing basic...
How to Stop Foreclosure on Second Mortgage If you need to stop foreclosure on second mortgage debt, this guide reveals the fastest strategies Canadian homeowners can use to protect their equity and keep their homes. Just like your first mortgage, a second mortgage...
Private lending has become a significant segment of the mortgage market, offer wide range of solutions where traditional lenders may not reach. Addressing complex financial needs of borrowers and providing solution that fits individuals’ unique requirements making...
A reverse mortgage can be a valuable financial tool for Canadian homeowners aged 55 and older, offering a way to access the equity in their homes without having to sell or move. This comprehensive guide will explain what a reverse mortgage is, how it works, the...
Are you grappling with debt owed to the Canada Revenue Agency (CRA)? Ignoring your CRA debt can lead to serious financial repercussions, including compounded daily interest that can quickly escalate the amount you owe. However, there's a viable solution that might...
It’s a tough spot to be in foreclosure, but there's hope on the horizon for Ontario homeowners. Even if it feels like you’re down to the wire, utilizing a home equity loan might just be the lifeline you need. Facing foreclosure can have a devastating impact on your...
Being declined by TD Bank or any other major financial institution for a mortgage refinance or a home equity line of credit (HELOC) can feel like a setback—especially if you've been a loyal customer. Many homeowners are shocked when their refinancing application or...
Being denied by RBC (Royal Bank of Canada) can come as a shock—especially when you’ve built a strong relationship with the bank. Your mortgage, chequing account, and credit cards are all with them, so when it came time to refinance your mortgage or access a home...
Power of sale. Three words you never want to hear as a homeowner. Unfortunately, keeping up with your mortgage payment can be a very difficult task. Unexpected expenses like automotive repairs, sudden injuries, or changes in work circumstances can prevent borrowers...