nkad3

What happens to an adjustable-rate mortgage when prime changes: payments, trigger rates, and what Ontario borrowers can do about it.

Porting a mortgage to a new home in Ontario: whether you need a new down payment, how blended rates work, and when porting beats breaking the mortgage.

There are two types of mortgages – Open vs. closed. Most homeowners obtain closed mortgages when they expect to own the home for a longer period. These mortgages offer lower rates as compared to Open…

In Canada, financial institutions offer many types of mortgages, including closed and open-term mortgages. While open-term mortgages allow flexibility to borrowers to exit without penalty (only per diem interest payable), most borrowers in Canada have…

What is it? Although not directly tied to mortgages, the Land transfer tax is an important cost and consideration for all home buyers when purchasing a property. In Ontario, when you purchase (or acquire) land…

First, let’s discuss why credit is important and what constitutes a good credit score in Canada from 2022/2023 onwards. Why is a Good Credit Score Important? Credit scores (aka FICO Scores) are very important in…

Bad credit mortgages in Ontario: what lenders accept after missed payments, a consumer proposal or bankruptcy, and how B and private lenders price them.

In preliminary steps, yes, they are useful. However, to rely on mortgage calculators 100% - we advise against this. There are two types of mortgage calculators that mortgage seekers often search for: Mortgage affordability calculators…

To first understand what a Mortgage Agent is, or does, we must first understand the term ‘Agency’. Agency, or an Agency Relationship, is when one party acts on behalf of another party. In the case…

A, B and C mortgage lenders in Ontario: who each tier serves, typical rates and fees, and how to pick the right lender for your file.