Mortgage Prepayment Penalty

Mortgage Prepayment Penalty

A mortgage is a hefty financial commitment to repay a large sum of money to a lender to buy a home. Considering this, the thought of paying all the money that you owe before it’s actually due might be far from your thoughts when you initially take out a mortgage. Read More


What is a Cash-Out Refinance?

What is a Cash-Out Refinance?

There are certain things in life that are very expensive and may require more cash to cover than the majority of us might have in our bank accounts. That’s why many consumers tend to take out loans to cover such expensive costs. People who own homes may also consider… Read More


Retiring With a Mortgage in Canada

Retiring With a Mortgage in Canada

After spending your entire life working hard at your job and paying all of your bills, retirement should be a time to finally be rid of the daily grind and the mounting bills. While there are obviously still bills to pay in retirement, one large bill that many retirees tend… Read More


How to Negotiate The Best Mortgage Contract In 2019

How to Negotiate The Best Mortgage Contract In 2019

Most Canadians who become homeowners typically need to take out a mortgage to help finance such a massive purchase. And as you may already be aware of, a lower rate on your mortgage is ideally what you want (or is it? learn more here… Read More


How to Buy a Foreclosed Home in Canada

How to Buy a Foreclosed Home in Canada

Homes in Canada can be pricey, especially in popular urban areas. As a result, many homeowners cannot afford their mortgage payments and, eventually, their homes are foreclosed. People may also go through a foreclosure due to criminal activity, bad living conditions, and other… Read More


How to Build Home Equity in Canada

How to Build Home Equity in Canada

Are you currently in the process of mortgaging a home in Canada? If so, did you know that you are building equity as you pay off your mortgage? Home Equity: What is it and How Do I Calculate It? The concept of… Read More


How to Get a Second Mortgage in Toronto

How to Get a Second Mortgage in Toronto

Do you have a large expense that you need to pay for and are considering taking out a loan to cover it? While you could always take out a personal loan or even spend against your credit card… Read More


The Lowest Mortgage Rate Might Not Be What You Need

The Lowest Mortgage Rate Might Not Be What You Need

The decision to buy a home is a big one, but the choice on which mortgage to take out to finance such a large investment is just as important. Of course, the less you can pay overall the better, right? Obviously, a huge part of… Read More


How Long Should I Amortize My Mortgage For?

How Long Should I Amortize My Mortgage For?

You’re finally ready to buy a home. Congrats! But in order to make that dream a reality, you’ll have to take out a mortgage first. And when it comes to mortgages, there are plenty of factors to consider, including the amortization period. Read More


Note:

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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 by visiting our page on loan scams.