Mortgage Articles

Using layers in commercial financing. Each layer has its purpose so you don’t have to play by any one lender’s rules.

Cash damming is one of the most effective—and least understood—ways to take advantage of this gap. It’s not about taking on more risk, spending more money, or changing your lifestyle.

Discover how to calculate Debt Service Ration for mortgage affordability in Canada.

When you take out a mortgage in Canada, you're entering into a long-term financial commitment that involves repaying both the principal amount borrowed and the interest charged by the lender. Understanding the nuances of how mortgage payments are structured, including...

Your interest rate is only one piece of the mortgage puzzle. In the real world, mortgages have layers. Once you start peeling those layers back, you begin to see the difference between a mortgage that merely looks competitive and one that actually is competitive.

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...