Mortgage basics
How to Get a Mortgage When You’re Self-Employed and Write Off Most of Your Income
You write off business expenses to save tax, which shrinks your declared personal income on paper. Banks see that number and say no, even though
Do You Have to Pass the Stress Test to Switch Lenders at Renewal?
When your mortgage renews, you are free to switch to any lender you want. The key question is whether the new lender puts you through
How Mortgage Penalty Calculations Work at Renewal in Canada
The biggest myth about mortgage penalties: you pay one at renewal. You don’t. When your mortgage reaches maturity, you can walk away, stay with your
What Happens If You Waive Your Financing Condition?
When you waive your financing condition, your offer to buy a home becomes firm and binding even if your mortgage falls through. You lose the
Do Mortgage Brokers Charge Fees in Canada?
For most residential mortgages in Canada, the borrower pays nothing to use a mortgage broker. The lender pays the broker a commission when the mortgage
How to Make Your Mortgage Tax-Deductible in Canada
In Canada, your home mortgage interest is not tax-deductible by default, but there are legal strategies that convert it into deductible interest. The core idea
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Private Mortgage to Buy Out Other Beneficiaries During Probate
Private Financing for a Property That Needs Work Before a Bank Will Lend
Can Private Financing Stop a Foreclosure Already Underway in Alberta?
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Private Mortgage on a Tenanted Property a Bank Won’t Finance Without Vacant Possession
Short answer Yes, a private lender can often fund a purchase or refinance of a
Private Mortgage to Buy Out Other Beneficiaries During Probate
Short answer A private mortgage can sometimes fund a buyout of other beneficiaries during probate,
Private Financing for a Property That Needs Work Before a Bank Will Lend
Short answer Yes, in many cases. A private lender can finance a property in poor
Can Private Financing Stop a Foreclosure Already Underway in Alberta?
Short answer Sometimes. Alberta foreclosure is a judicial process with a court-ordered redemption period, and