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From the Blog
The Mortgage Penalty Nobody Calculates Before Breaking Their Mortgage
Breaking a mortgage before the end of its term may sometimes be the right financial decision. Homeowners may consider doing so when selling their property, refinancing, accessing home equity, consolidating debt, or switching to a different mortgage solution. However, one important cost is often overlooked: the mortgage prepayment penalty. Many homeowners focus on the potential…
| By Rajeev Talwar | Mortgage Financing
Read MoreDon’t Be Scared of Mortgage Approval: Here’s What You Need to Know
For many Canadians, applying for a mortgage can feel overwhelming. You may worry about your credit score, income, existing debts, down payment, or whether a lender will approve your application. These concerns are understandable, especially when buying a home is one of the largest financial commitments you will make. However, mortgage approval does not have…
| By Rajeev Talwar | Mortgages
Read MoreWhen Your Mortgage Is Bigger Than Your Retirement Savings
For many Canadians, buying a home is one of the biggest financial decisions they will make. A mortgage can help turn homeownership into a reality, but it can also become a significant long-term financial obligation. As home prices and mortgage balances increase, some homeowners may eventually find themselves in a situation where their mortgage is…
| By Rajeev Talwar | Mortgage Financing
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