Everything You Need to Know About The Unregulated Mortgage Market in Canada

Everything You Need to Know About The Unregulated Mortgage Market in Canada

When it comes to getting a mortgage, it’s typical for borrowers to get in touch with a bank or mortgage broker to help get access to funds needed to make a home purchase. But banks and credit unions aren’t the only entities that… Read More


How to Enter The Canadian Housing Market Today

How to Enter The Canadian Housing Market Today

The housing market in many centres across Canada is pretty hot, with the price of housing skyrocketing in many cities. As of January 2018, the national average price for a home is just over $481,500, which is up 2.3% from January 2017. That price is… Read More


How to Borrow Money For a Down Payment

How to Borrow Money For a Down Payment

Coming up with a sizable down payment for a home purchase can be downright difficult, especially with all of life’s other expenses and debts to have to pay. But a down payment is a necessary part of securing a mortgage. Read this to… Read More


What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

The most affordable mortgages are those that come with the lowest interest rates. The lower the rate, the less money you’ll have to pay for the interest portion of your mortgage, making the overall home loan much more affordable in the long run. Read More


Should You Spend the Entire Mortgage Pre-Approval Amount When Buying a Home?

Should You Spend the Entire Mortgage Pre-Approval Amount When Buying a Home?

If you’re considering buying a home in the near future, you’d be well advised to start getting your finances in order and making sure you’ve got the funds needed to make a home purchase. More specifically, you should find out exactly how much of a mortgage you’d be… Read More


How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

As if getting approved for a mortgage wasn’t challenging enough, the new rules of the mortgage stress test could make it even harder. As of January 1st, 2018, all Canadian buyers who are obtaining a mortgage from a federally-regulated lender, including borrowers who put at least 20% as… Read More


How to Get a Down Payment For a House in Canada

How to Get a Down Payment For a House in Canada

If you’re hoping to buy a home sometime in the near future, odds are you’ll need to take out a mortgage to finance it. But even though you’re borrowing money to finance the property, you’ll still need to come up with a down payment. Mortgage… Read More


What’s the Difference Between a Collateral Mortgage Vs. a Conventional Mortgage?

What’s the Difference Between a Collateral Mortgage Vs. a Conventional Mortgage?

When it’s time to take out a mortgage to finance a home purchase, you’ll be inundated with all sorts of options and might wonder which one is right for you. Two types of mortgages that you may hear of include a “collateral mortgage” and a “conventional… Read More


What is a Power of Sale for a Mortgage?

What is a Power of Sale for a Mortgage?

When you take out a mortgage, you’re under legal obligation to make your payments in full and on time every month. Your lender specifically researches your financial history to make sure that you’re fully qualified and able to pay your home loan back, or else they would never… Read More


Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic here.