Money saving tips
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
Does Breaking Your Mortgage to Buy a Rental Make the Interest Tax-Deductible?
When you borrow money to buy an income-producing asset such as a rental property, the interest on that borrowing is generally tax-deductible under CRA rules.
Is It Worth Breaking Your Mortgage to Get a Lower Rate?
Breaking your mortgage is worth it when the interest you save over the remaining term is greater than the penalty you pay to break. That
Should You Switch Lenders at Mortgage Renewal?
Switching lenders at renewal often saves you money, because your current lender rarely offers its best rate on the renewal letter. Moving your mortgage to
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
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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