Lenders provide mortgages to help you purchase a home. These lenders can be banks, trust companies, credit unions, caisses populaires, pension funds, insurance companies, and finance companies. By offering these loans, they enable you to spread the cost of buying a home over time, making homeownership more accessible. Each type of lender may offer different terms and conditions, so it’s important to compare options to find the best fit for your needs.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

  • Total Debt Service Ratio (TDS)

    The percentage of gross income allocated for payments of principal, interest, taxes, and heat (P.I.T.H.), along with other debt obligations, [...]

  • Title Insurance

    Title insurance protects property owners and lenders from financial loss due to defects in the title of real property. These [...]

  • Should You Co-Sign a Mortgage

    To Co-Sign or Not to Co-Sign: A Mortgage Dilemma Considering co-signing a mortgage with a friend or family member can [...]

  • Discharging a Mortgage

    Understanding Mortgage Payment Deferrals in Canada In times of financial hardship, homeowners may find it challenging to keep up with [...]

  • Understanding Mortgage Interest in Canada

    Navigating the world of mortgages can be complex, especially when it comes to understanding how interest rates impact your home [...]