Mortgage Articles

Ontario Credit Lock/Freeze Law: Ontario has just added a powerful new consumer-protection tool to your financial toolbox: the ability to lock or freeze your credit file. Think of it like putting a digital deadbolt on your credit report. It will not stop every form of fraud, and it will not replace common sense, strong passwords, or careful monitoring, but it can make it much harder for someone to open new credit in your name.

Don’t Leave the Lawyer to the Last Minute: Your lawyer protects your legal interests, handles the transfer of ownership, deals with title, coordinates funds, pays out old mortgages, registers new ones, and helps make sure your sale and purchase actually close properly.

As a professional mortgage underwriter in Canada, I often emphasize the importance of the Loan to Value (LTV) ratio in the mortgage qualification process. The LTV ratio is a critical factor in determining the terms of the mortgage for which a borrower qualifies,...

When considering the purchase of a condominium in Canada, it is essential for potential buyers to understand condominium fees. These fees are a significant component of condo ownership, affecting both budgeting and financing. Here, we will explore the nature of these...

“Wait… We’re Paying Land Transfer Tax Again?” A lot of homeowners think adding a HELOC is just paperwork. You sign a few documents, the lawyer registers a new charge, and away you go. Easy peasy, right? Well… sometimes. But every now and then, a refinance or HELOC...

Discuss the benefits and weakness or getting a mortgage pre-approval. Discover the steps of the pre-approval process and learn if a pre-approval is right for you.

Discover when and why you may need mortgage default insurance and why mortgage default insurance matters.

Understand mortgage penalties in Canada before breaking your mortgage term. Learn about IRD, fixed vs variable rate penalties, and ways to minimize costly fees

Finding a mortgage agent with a strong online presence is important especially in today’s digital world. A strong online presence is indicator of a mortgage agent’s credibility, expertise, and client-centered approach

Financial planners generally advise spending no more than 28% to 30% of your gross monthly income on housing. This guideline is known as the "front-end ratio" and primarily covers housing expenses like mortgage payments, property taxes, homeowner's insurance, and...