Mortgage Stress: Here It Goes Again?

On June 1, the enhanced mortgage “stress test” that had been suggested in April will go into effect for borrowers who have insured and uninsured mortgages. In most cases, any mortgage where the down payment exceeded 20% of the purchase price is considered an insured mortgage. The Stress Test simply ...
➤ Read More

Collateral Assignment of Life Insurance: The 6 Basics

Collateral refers to a property or other form of security that a borrower puts up in exchange for a loan. Collateral assignment of life insurance can be used as collateral against a loan. Should the borrower die while the loan remains outstanding, the lender gets to collect any amount due ...
➤ Read More

What To Do When Applying For A Mortgage

Its important to take a few crucial things into account before going for a private mortgage loan. Here are some pointers when applying for a mortgage: ...
➤ Read More

Benefits of Manufactured Home Loans

Applying for a loan to fund your residential purchase is a challenging task—and this is particularly true when it comes to buying a manufactured home. Banks and credit unions often throw roadblocks in the process of financing a manufactured home, because this type of property is believed to depreciate ...
➤ Read More

Mortgage Payments: A Complete Breakdown

So, you’re about to make one of the single most important investments in your lifetime—buying a house. However, for many people, understanding the technicalities regarding mortgage payments can often be challenging. This, however, is simply because they haven’t been properly apprised of everything involved. In this post, we’re going ...
➤ Read More

Navigating the Pandemic: The Canadian Government’s Response

The Canadian economy has suffered over the past months as the nation has gone through an extended lockdown to fight the spread of the COVID-19 pandemic. However, these months of remaining shuttered in the interest of public health and safety have taken their toll on the fortunes of many small ...
➤ Read More

What You Need to Know about Mortgage and Loan Scams

American entertainer P.T. Barnum once said “There's a sucker born every minute,” and the sad fact is that, even in the mostly honest culture of Canada, there are some predators in the mortgage business who take advantage of their trusting customers. That does not mean that you should never think ...
➤ Read More

The Power of Blanket Mortgage / Inter Alia Mortgage

Inter Alia Mortgage Definition The term "inter alia" attached to a mortgage simply comes from the Latin phrase for "among other things," and it refers to a type of loan in which the lender is not satisfied with the property that is being pledged as security for a mortgage. In ...
➤ Read More

Property Liens – Writ of Seizure and Sale, Maintenance Enforcement, & CROWN LAND

Writ of Seizure & Sale A property lien is a legal claim that has been filed against a particular real estate tract. The entity holding the lien is entitled to a specific dollar amount once the property is sold. The purpose of this sort of lien is to ensure that ...
➤ Read More

10 Reasons Your Organization Needs HR

Organizations need Human Resources departments for a wide variety of reasons. If you are just in the new phases of opening your own business, you might think that HR departments are all about benefits administration and finding new employees. That is just the beginning, though, because a solid HR operation ...
➤ Read More

Considering a Private Mortgage

A “private mortgage” involves an entity or individual extending a loan for a mortgage, rather than a bank or credit union. There are many people who have the means to pay a mortgage but who do not fit within the banks' metrics for financing approval; for them, private mortgages allow ...
➤ Read More

Signs of Mortgage Fraud

For most people, their largest investment is in their primary residence, and the largest check they write each month is their mortgage payment. Putting together a down payment can take months and even years of saving. Over the last decade, taking out a mortgage has become more difficult, thanks to ...
➤ Read More

Marriage and Separation in Canada

Insight on Separation & Divorce in Canada Are you thinking about a separation from your spouse? Then you need to know the legal ins and outs when it comes to separation under Canadian law. This article will go over some ideas that many people have about separation so that you ...
➤ Read More

Mortgage Loans for Doctors, Dentists, Medical Professionals

One of the challenges that many new doctors, dentists and other medical professionals face as they enter the professional world is the amount of debt that they already face as a result of taking out student loans – and ending up as a doctor drowning in debt is not the ...
➤ Read More

Owner Finance Existing Mortgage

The benefits of Seller / Owner Financing Seller financing is a method of making a real estate purchase with little or no money down. This is one of the most commonly used strategies for creatively financing a real estate purchase. Knowing how to put this to work for you can ...
➤ Read More