March 30th, 2021
If you are facing the threat of repossession of your property by your lender, it is imperative to try to take the necessary steps to prevent losing your home. Learn more
jonathan March 30th, 2021
March 23rd, 2021
Lenders in Ontario will sometimes, although a rare occurrence, have to deal with mortgages that have fallen into default. When deciding which method will be used to deal with mortgage arrears the term often used is default management. Learn more
jonathan March 23rd, 2021
February 22nd, 2021
There are times when Ontario homeowners may have fallen behind in monthly mortgage payments. Financial circumstances may change and the mortgage may fall into arrears.
jonathan February 22nd, 2021
March 21st, 2025
A borrower can still owe the lender money even after a power of sale is finished. That situation can happen when the house gets sold, but the money doesn’t cover the mortgage debt. If you still owe money after a power of sale, there are several techniques to handle the financial aftermath. What Happens When […]
jonathan March 21st, 2025
March 14th, 2025
The Ontario real estate market is looking at the possibility of a rebound after a decline in home sales in 2024. Elevating borrowing costs and a fluctuating market saw a rise in the power of sale rates. There are implications on how the Ontario real estate market will affect the power of sale rates in […]
jonathan March 14th, 2025
March 7th, 2025
Missing a mortgage payment can be overwhelming, but knowing that you risk losing your home because of it can be devastating. However, by becoming aware of your options, the initial panic can become reassurance. You will not only gain the upper hand in the situation, but you will ultimately regain control. Lenders in Ontario can […]
jonathan March 7th, 2025
February 22nd, 2025
A power of sale can significantly affect your long-term financial well-being, including your home equity and credit score. Learning how to navigate the process can mitigate the impacts. That starts by understanding 5 ways a power of sale can impact your financial future. Mortgage Broker Store is a private lender that can help you with […]
jonathan February 22nd, 2025
February 15th, 2025
PowerofSaleOntario.ca is an excellent place for homeowners to get support and guidance and find the resources they need to negotiate a power of sale. Learning about homeowners’ rights during this process and different ways to navigate their financial problems is essential. Why Connect with Power of Sale Ontario? There’s enough stress involved when a homeowner […]
jonathan February 15th, 2025
January 22nd, 2025
People going through financial hardships can find themselves in a power of sale situation. It’s essential to know your rights if that’s what you’re going through as a homeowner. It’s equally important to ensure you know what to look for when it comes to common scams in the power of sale process. This blog will […]
jonathan January 22nd, 2025
January 14th, 2025
The Ontario Mortgages Act strictly governs the power of sale process in Ontario. This legislation is designed to look after the interests of both homeowners and lenders. It covers essential features like how the proceeds after a sale are distributed and provides redemption rights for borrowers. This post goes into detail about the power of […]
jonathan January 14th, 2025
December 31st, 2024
When property owners in Canada face the challenge of losing their homes through foreclosure or power of sale, the worry isn’t just the immediate loss of shelter. Their credit profile damage is the real enemy, which can devastate their financial future and affect their interest rates. It can affect their future loans, credit card approvals, […]
jonathan December 31st, 2024
December 21st, 2024
Power of sale in Ontario is a legal process that has several steps. When a homeowner breaches the conditions of the mortgage, a lender can start this process, which can ultimately result in evicting the borrower. If you give in and let the power of sale happen, you’ll likely lose your house and the equity […]
jonathan December 21st, 2024
December 10th, 2024
Becoming fluent in mortgage terms is essential for individuals pursuing homeownership. Ontario’s housing market is becoming more cutthroat over time, making buying a home more important than ever. Growing familiar with how mortgages work can save every first-time buyer money, stress, and time. Learning these terms can assist in negotiating your mortgage, anticipating costs, and […]
jonathan December 10th, 2024