How Bond Yields Affect Mortgage Rates in Canada?
Bond yields and mortgage rates share an intricate relationship that directly affects Canadian homebuyers and property investors. Bond yields in Canada have fluctuated considerably over the past year, with highs of nearly 4% and lows around 2.8%. As of August...
What is mortgage disability insurance in Canada? Is it worth it?
Life is unpredictable. Have you ever thought about what happens to your family and your life if you can not work? A sudden illness or unexpected injury can place your home and financial well-being at serious risk. Do not worry!...
What happens if your mortgage renewal is denied in Canada?
If your mortgage renewal is denied in Canada, you'll need to quickly find a new lender who will treat it like a new application, requiring full documentation and qualification. Failure to secure financing and continue payments can lead to legal...
What is a high ratio mortgage in Canada? How to qualify it
What is a high ratio mortgage? High ratio mortgages serve as essential bridges to homeownership for millions of Canadians who lack substantial down payments.
Insured vs uninsured mortgage: What is the difference?
Whether you are a first-time buyer with limited savings or an investor eyeing rental properties, understanding insured vs uninsured mortgage options will help you make confident financial decisions. Choosing the right category can save thousands over the life of your...
GDS and TDS ratio: Why these Debt Service Ratios matter?
Find out how GDS and TDS ratios impact mortgage borrowing limits and affordability in Canada and how lenders evaluate debt service ability.
Closed Mortgage: How it Works in Canada
Are closed mortgages the right option for you? Learn how they work in Canada to make an informed decision.
Factors Affecting Mortgage Rates in Canada
Understanding factors affecting mortgage rates, how interest rates impact mortgage costs, strategies to get the lowest competitive rate, and more.
What is a convertible mortgage? How do convertible mortgages work?
Picture yourself ready to buy a home, but economic indicators suggest that interest rates might drop soon. Do you lock in now or wait? This case captures why convertible mortgages have gained traction among savvy Canadian borrowers. It offers a...
How to Pay Off Mortgage Faster in Canada
Accelerate your path to home loan freedom in Canada. Learn how to pay off mortgage faster and save tens of thousands in interest costs.