Bank Cancelled Your Mortgage Days Before Closing? Emergency Financing Options in Toronto and Vaughan Then the bank called and said it would not fund the mortgage. The lender may have reduced the approved amount, added a condition you cannot satisfy or cancelled the approval completely. Your lawyer ne...
Second Mortgage Maturing Before Your First Mortgage Renewal? Ontario Refinancing Options Before the Payout Deadline The second lender has requested full repayment, declined another renewal or offered an extension with new fees and terms you cannot comfortably accept. Meanwhile, breaking the first mortgage could tri... Home Equity Lendworth
Should You Renew Before the September 2 Bank of Canada Decision? Toronto Homeowners’ 48-Hour Checklist Should you accept the renewal offer now—or wait until after the announcement? That question is becoming increasingly urgent for Toronto and GTA homeowners whose mortgage terms expire in late August or... Home Equity Lendworth
Is Money You Take Out of Your Home Equity Taxable in Canada? Ontario First Mortgage, Second Mortgage & HELOC Options Perhaps you purchased your property for $650,000 and it is now worth more than $1 million. Your mortgage may have been paid down at the same time, leaving you with hundreds of thousands of dollars of ...
Renovation Is Unfinished and the Bank Will Not Refinance? Private Mortgage Options in Toronto You may have an open building permit, incomplete inspections, exposed walls, unfinished plumbing or electrical work, missing kitchens or bathrooms, or no authority to occupy the property in its curren... Home Equity Lendworth
HELOC Maxed Out but You Still Have Home Equity? Ontario Options When the Bank Won’t Increase Your Limit But the HELOC is maxed out — and now you need additional money. For many Ontario homeowners, this creates a confusing situation. Your property may be worth considerably more than the total amount you ...
Bank Declined Your Rural Property Mortgage Because of Acreage, Well or Septic? Options Near Vaughan Then the bank declined the mortgage. The problem may not be your credit or income. The lender may be concerned about the acreage, private well, septic system, rural zoning, outbuildings or distance fr... Home Equity Lendworth
Locked Into a Good First Mortgage But Need Cash? How an Ontario Second Mortgage Can Access Your Equity Without Refinancing But there is one major problem: you do not want to touch your existing first mortgage. Maybe your first mortgage has a favourable interest rate. Maybe there are still several years remaining in the te... Home Equity Lendworth
Home Insurance Cancelled and Your Mortgage Is at Risk? Ontario Homeowner Options Now your mortgage lender wants proof that the property is insured. This can become urgent even when every mortgage payment is current. Most mortgage lenders require continuous property insurance becau... Home Equity Lendworth
Went Self-Employed Before Your Mortgage Renewal? Ontario Refinance Options When the Bank Says No Then your mortgage renewal came up. Suddenly, the income that supported your mortgage for years is being looked at completely differently. Your business may be profitable. Your mortgage payments may b... Home Equity Lendworth
Condo Special Assessment Due? Financing Options for Toronto Owners Who Cannot Pay It Your share may be $20,000, $50,000 or more than $100,000. The first instalment could be due within weeks, and the corporation may not offer a payment schedule that fits your budget. For condo owners i...
Mortgage Maturing While Probate Is Still Pending? Estate Financing Options in Ontario The estate may now own a valuable Toronto or Vaughan property, yet the mortgage maturity date is approaching, probate is still underway, and there may not be enough liquid cash in the estate to pay th... Home Equity Interest Rates Lendworth