As a homeowner, the last option you want to resort to is selling your house because you had your mortgage renewal denied. Financial institutions can deny you for many reasons, and it's important to prepare for this possibility. Fortunately, if you've been denied a...
Getting approved for a loan with bad credit isn't as difficult as most people think. Bad credit generally means that you have long overdue unpaid debts. Or, you have the habit of not paying your bills or mortgages on time. Another factor that contributes to bad credit...
Power of sale. Three words you never want to hear as a homeowner. Unfortunately, keeping up with your mortgage payment can be a very difficult task. Unexpected expenses like automotive repairs, sudden injuries, or changes in work circumstances can prevent borrowers...
Owning a rental property is a very popular investment strategy for earning additional income, but it's not without its share of complexities. Liability, finding a responsible tenant, and property management are just a few of the burdens that property owners must take...
In response to the increasing demand fueled by rising unemployment rates in Canada, home equity loans tailored for the unemployed are now a readily available financial solution. With job uncertainty on the rise, these loans have become more popular than ever. If...
There are currently over 4 million residential mortgages in Canada, with millions of residents paying off their homes in different ways. The way you finance your mortgage might not be the same as your neighbor's. For obvious reasons, it all depends on your job,...
Before your mortgage is paid off, you'll likely need it renewed at least once. This is common practice for home buyers, but it can be a difficult space to navigate. One of the most common questions we get about mortgage renewals is: does it happen automatically? The...
Real estate is considered to be one of the best investments you can make. After all, an investment property is a great way to generate passive income and build long-term wealth. But, what type of mortgage is best for an investment property? While you may be interested...
Securing a mortgage can be tough if lenders consider you to be a high-risk borrower. Fortunately, there are several high-risk lenders out there who can work with you to realize your dream. But, the main hurdle is finding a suitable lender offering high-risk mortgage...
A property owner in Ontario needs to pay property taxes - taxes that are used mainly for public education, local police, libraries, and firefighting. Your municipality will mail you a tax bill every year for every property that you own in Ontario. How much you need to...
With rising interest rates, many Canadians are feeling the financial squeeze. A Yahoo Canada/Maru poll reveals that a quarter of respondents are “not coping well” with current interest rates, and for homeowners with mortgages, this pressure can be even more intense....
Navigating the mortgage landscape can be complex, especially when life throws financial challenges your way. If you’re a homeowner dealing with a low credit score, inconsistent income or high amount off debt due to missed payments, securing a mortgage through...
Calgary Foreclosures are on the rise. A recent survey report from Jerry Charlton Real Estate reveals alarming trends in Calgary’s housing market, indicating a potential surge in foreclosures. Key factors driving this shift include rising interest rates, escalating...