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A mortgage penalty is a fee that a borrower has to pay when they pay off a mortgage before the mortgage contract is complete. The penalty is designed to compensate the lender for the loss …

As a first-time homebuyer in Canada, you are likely to be feeling a mix of excitement and anxiety when it comes to deciding on the best mortgage for your situation. You’ve likely done your research …

When you’re shopping for a mortgage in Canada, you’ll come across a variety of terms that you may not be familiar with. It’s important to understand these terms, as they can have a significant impact …

Mortgage fraud is a serious financial crime in Canada that can cost you thousands of dollars and cause irreparable damage to your credit rating. To protect yourself and your property, it is important to be …

Mortgage portability is a feature of Canada’s mortgage market that allows homeowners to move their existing mortgage from one property to another, without having to go through the arduous process of applying for a new …

A mortgage default in Canada occurs when a homeowner fails to make the required payments on their mortgage for a period of time. This can result in the homeowner losing the property to foreclosure. Mortgage …

Paying off your mortgage early in Canada can be a great way to save money and become debt-free sooner. Doing so can help you save thousands of dollars in interest payments and give you more …

If you’re a homeowner in Canada, you know that mortgages can be expensive. But there are ways to reduce your mortgage costs. Here are a few tips on how to reduce your mortgage costs in …

Mortgage insurance is an important consideration when purchasing a home in Canada, as it is designed to protect both lenders and borrowers in the event that a borrower defaults on the loan. Mortgage insurance offers …

When it comes to taking on a mortgage in Canada, there are both pros and cons. Taking on a mortgage is a big decision, so it’s important to weigh your options before committing. In this …