Mortgage Strategies Archives - Mortgage Rates & Mortgage Broker News in Canada

Ready to buy a home? What experts say many buyers forget to consider first

May 27, 2025 1 Comment

A down payment is a big step for homebuyers, but definitely not the only one.

More than a last resort: How to position reverse mortgages for today’s retiree

May 26, 2025 No Comments

Reverse mortgages have rapidly evolved from a niche product to a mainstream financial tool for Canadian homeowners aged 55 and over.

Thinking of a private mortgage? Here’s what lenders want to see

May 6, 2025 1 Comment

Private mortgages continue to play an important role in today’s Canadian housing market, especially as traditional lending guidelines tighten. Yet many borrowers are surprised to learn that private lenders don’t simply look at one or two factors — they assess a wide range of details that can make or break a deal.

How to keep your home after separation—even if you don’t qualify alone

April 17, 2025 No Comments

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, ‘I want to keep the house, but I don’t make enough on my own to qualify—what can I do?’

Value Connect appraisal management company

Low appraisals are back—don’t let them kill your financing

April 4, 2025 No Comments

Appraisals have become a bit of a wildcard lately. More and more, they’re coming in lower than expected—which can seriously throw off your plans, whether you’re buying or refinancing.

With prepayment penalties surging, game-changing new tool helps borrowers weigh their options

March 25, 2025 No Comments

As prepayment penalties climb, many borrowers are left in the dark about the true cost of breaking their mortgage. Now, a first-of-its-kind tool is bringing much-needed transparency, helping borrowers and brokers assess whether making a move could lead to significant savings.

When can a seller lend you money? What to know about vendor take-back mortgages

March 24, 2025 1 Comment

Homebuyers looking to bridge a financing shortfall sometimes consider asking the seller for help. One option that occasionally comes up is a vendor take-back (VTB) mortgage, where the seller lends a portion of the purchase price to the buyer, typically as a second mortgage.