Self-employed Canadians are increasingly turning to private lenders for mortgages
The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage.
So What Happens When You Have a Lien on Your House & You Want to Sell It?
A lien is a claim on your property as a result of funds you owe to the claimant. Liens on homes are either voluntary or involuntary. Address these differently to …
Failed the mortgage stress test? Alternative lenders await — at a price
On Monday, stricter new federal rules about who can qualify for an insured mortgage took effect across the country. Now, all new mortgage applicants have to pass a ‘mortgage …
Genworth matches CMHC’s move to hike mortgage insurance premiums
$300K mortgage with 5% down will soon cost $6 more every month, insurer says Genworth Canada, the largest private mortgage insurer in Canada, has matched the CMHC’s move earlier this …
Buying a house before yours sells? A bridge loan can help
Shopping for homes in a red-hot market is no easy task. Just ask Caleigh and Rory Amelio, who recently relocated to Caledon, Ont., after selling their house in downtown Toronto. …