Mortgage Terms

Discover the meaning and application of emphyteusis and its impact on long-term lease arrangements.

Discover the implications of ‘Gifts in Kind” and the significant tax benefits they can provide to the donor.

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.

Discover the characteristics of a revolving loan, their relevance to mortgages, and how revolving loans are a key strategy in your financial success.

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...

Discover the implications of resident alien status for Canadians especially when seeking mortgages in the United States.

“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.