Property Taxes in Arrears Before Your Mortgage Renewal? Ontario Home Equity Options Before the Deadline You may have been managing the mortgage payments, but higher household costs, business expenses, reduced income or an unexpected financial setback caused the municipal tax balance to build. Then the m...
Home Damaged by Fire, Flood or Catastrophic Loss? Ontario Mortgage Options to Fund Restoration Before the Property Is Rebuilt A burst pipe can destroy flooring, drywall and cabinetry. Storm damage can expose the structure to additional loss, while sewage or prolonged water intrusion may require immediate remediation before r...
Joint Owner Wants Out of the Property Before Renewal? Ontario Mortgage Buyout Options Siblings may own a home together. Friends may have purchased an investment property. A parent and adult child may share title, or two business partners may jointly own real estate. When one owner want... Lendworth
Bank Won’t Count Your Bonus, Overtime or Commission Income at Mortgage Renewal? Toronto & Vaughan Options For homeowners in Toronto and Vaughan, this can become a serious issue at mortgage renewal when a large part of household income comes from commissions, bonuses, overtime, shift premiums or other vari... Home Equity Lendworth
Expected HST Rebate Missing From Your New-Home Closing? How to Finance the Cash Shortfall Then the lawyer provides the final closing figures and the amount required is much higher than expected. The rebate may not be available at closing, the builder may require additional funds, or the bu... Home Equity Lendworth
Bank Says You Must Pay Down Debt Before It Will Renew Your Mortgage? Ontario Home Equity Options Before Maturity For many Ontario homeowners, that creates an immediate question: if you had the cash to pay those debts off, you probably would not be asking the bank for help in the first place. This situation is mo... Home Equity Lendworth
Pre-Construction Condo Appraisal Came in Low Before Closing? Ontario Financing Options Now final closing is approaching, but the lender’s appraisal is below the original purchase price. The bank has reduced the approved mortgage, leaving you responsible for a much larger cash shortfall.... Home Equity Lendworth
Need a Mortgage on an Estate Property in Ontario? Why the Estate Certificate Can Be Critical Before Financing The mortgage may be coming due. Property taxes may be outstanding. The house may need repairs before it can be sold. Legal and estate expenses may continue accumulating, or beneficiaries may need to b... Home Equity Lendworth
Home Damaged Before Mortgage Renewal? Ontario Options While the Insurance Claim Is Pending A fire, flood, burst pipe, storm or other insured event may leave the home partially repaired when the mortgage reaches maturity. The insurance claim is active, but the settlement has not been complet... Home Equity Lendworth
Bank Offered You a Mortgage Renewal but You Need Cash Too? Why Refinancing Is Different in Ontario Maybe you want to consolidate high-interest debt, pay CRA obligations, complete renovations, cover business expenses or create some financial breathing room. This is where many Ontario homeowners disc... Home Equity Lendworth
Insurance Claim Cheque Delayed but Contractors Need Payment? Home-Equity Options in Ontario The cheque may require the mortgage lender’s endorsement, the lender may release funds only after inspections, or the insurer may need additional documents before issuing the next payment. Meanwhile, ... Economy Lendworth
Need Cash From Your Home? When a Second Mortgage Makes More Sense Than a HELOC in Ontario For Ontario homeowners, two common options are a second mortgage and a home equity line of credit. Both can allow you to borrow against your property without selling it, but they work very differently... Home Equity Lendworth