Posts in category: Mortgage Basics

How mortgage brokers are paid in Ontario, when borrowers pay fees, what disclosure rules require and questions to ask before you proceed.

Compare 20, 25 and 30-year mortgage amortizations in Canada with a payment and interest example, eligibility rules and ways to pay down faster.

How mortgage prepayment penalties work in Canada, with a three-month interest example, how IRD differs and ways to avoid or reduce it.

Compare fixed and variable mortgage rates in Ontario: payments, penalties, trigger rates and how to choose for your budget and plans.

What the Canadian mortgage stress test is, the qualifying rate rule (contract rate plus 2% or 5.25%), who must pass it and how to qualify.