There are a number of transactions throughout the home buying and mortgage processes that require money to be transferred by the home buyer to either the seller’s real estate agent,...

Mortgage prepayment options empower homeowners to increase their monthly payments or pay off their mortgage entirely and without penalty. How will a lump-sum payment affect your mortgage? Read on to...

Want to leave your “forever home” before forever is up? Understand the fine print of Canadian mortgage terms before you rack up hefty penalties.

If you’re buying a home with a down payment of less than 20%, you’re required to obtain mortgage insurance. Also referred to as ‘mortgage default insurance’ or ‘CMHC insurance’, this...

Whenever you’re buying or selling a home – or refinancing a mortgage on your existing property – your real estate lawyer or notary will prepare a Statement of Adjustments and/or...

A mortgage interest adjustment is the amount of interest accumulated between your new home’s closing date and the day your first mortgage payment is withdrawn by your lender from your...