Being eligible for Canada Mortgage and Housing Corporation (CMHC) mortgage default insurance became more difficult since July 1st, 2020 when borrowers were required to meet stricter underwriting policies.

A collateral charge involves a specific method of securing a mortgage or loan against your property. The primary difference when compared to a standard charge mortgage is that a collateral...

By Loans Canada With the high cost of homes in most major Canadian cities, becoming a homeowner as an individual can be expensive and even unreasonable in many cases. This...

An amortization period refers to the entire length of time it takes to pay off your mortgage in full. The most common amortization is 25 years, as this is the...

Deciding on a payment structure for your mortgage loan is an important endeavour that requires some research. You want to ensure you’re paying your mortgage down as quickly as possible...

Land Transfer Tax – also commonly referred to as the Property Transfer Tax, Real Property Transfer Tax or Welcome Tax depending upon where you reside within Canada – was introduced...