If your mortgage is up for renewal in 2025, you’re not alone. According to recent data, over 1.2 million Canadian mortgages are set to renew this year—a staggering number that represents a significant portion of the market. With interest rates higher than they’ve been in recent years, it’s never been more important to approach your…
So you are married or living together and one of you owns a property, and you are thinking about putting it in joint names. Tread carefully, this can be a minefield. Putting a property in joint names (joint tenancy) means that if either of you dies the property will automatically go to the survivor. This…
The Covid-19 pandemic has hit us hard in the financial services field. Mortgage brokers were deemed essential services and I may be a bit jealous when I see my friend’s social media feed, they are on their 25th Netflix series. Currency in our house these days with two people sharing on home office, is being…
10 Things You Should Know 1. Mortgage Payment Deferral IS NOT Payment Forgiveness – Your Loan Obligation Remains Payment Deferral is not payment amnesty. You are still required to pay your mortgage in full. During the Deferral process you will gain assistance from your lender to manage payments. This can include holding a payment and…