Personal Finance
Securing Your Today and Tomorrow
Does the Stress Test Apply to Private Mortgages?
The mortgage stress test, as mandated by the Office of the Superintendent of Financial Institutions (OSFI), primarily applies to federally regulated financial institutions, such as banks. However, private mortgage lenders, which are not federally regulated, are not...
What’s Your Best Rate?
Rate is important, but going for the lowest rate mortgage could cost you far, far more. Learn about the ‘hidden’ risks of low-rate mortgages and discover your best rate.
Lenders’ View: Second Mortgages
Lenders’ View: Second Mortgages. Every lender views second mortgages through a completely different lens of risk, control and structure.
What is a Net Worth Program?
Learn what a Net Worth Program is and how it assists individuals with substantial net worth to qualify for a mortgage.
Sources of Home Down Payment
Discover reliable sources for your home down payment in Canada. Learn about savings options, grants, and assistance programs to make homeownership a reality.
Why Refinanced Mortgages Are Always Uninsured
Discover why refinanced mortgages in Canada are always uninsured and the opportunities refinancing your mortgage provide you.
Protecting Your Personal and Financial Information
Discover how Allen Ehlert protects your personal and financial information so you can be secure when applying for a mortgage knowing your information is safe and secure.
‘Consent to Second Mortgage’
Consent to Second Mortgage: Understanding the document that enables you to get a second mortgage.
Second Mortgage Hard No!
Second Mortgage Hard No! Discover when getting a second mortgage is either a bad idea or completely not allowed.
Fees: Receiving and Sending Money Internationally
When receiving or sending large amounts of money internationally from a Canadian chartered bank, several types of fees may apply. These fees can vary depending on the bank, the transfer amount, the destination country, and the method used.
Understanding Market Rent
Understanding Market Rent: More homebuyers today rely on rental income to qualify for mortgages. If you’re one of them, you’ll often need a market rent report or rent letter to “prove” that income to the lender.
Allowances and Your Mortgage
Discover what an allowance is, the different types of allowances, and how allowances can support your mortgage application.
Understanding Exit Strategies
Understanding Exit Strategies. How getting out of a Private mortgage is more important as getting in.
When a Second Mortgage Makes Sense
Second Mortgage: When it Makes Sense and when and why it can be the better move.
Collateral Mortgage: How Much Collateral to Register?
Learn what a collateral mortgage is and how to determine how much collateral to register on a collateral mortgage.
Mortgage Term: Closed-End Lease
Discover what a closed-end lease is and the options and benefits.
Featured Publications
Articles
- Extended Amortizations and Hypothetical Calculations
Office of the Superintendent of Financial Institutions (OSFI) - Minimum Qualifying Rate for Uninsured Mortgages
Office of the Superintendent of Financial Institutions (OSFI) - Residential Mortgage Underwriting Practices and Procedures
Office of the Superintendent of Financial Institutions (OSFI) - Guideline on Existing Consumer Mortgage Loans in Exceptional Circumstances Financial Consumer Agency of Canada
Book: “The Program”
- Part 1 – Building Your Down Payment
- Part 2 – Mortgage Payoff Strategies
- Part 3 – Building Wealth Through Real Estate