by Yahya Mehmood | Sep 21, 2026 | Mortgages
A closed mortgage locks you into a lower rate in exchange for prepayment restrictions. An open mortgage removes those restrictions and charges a premium for it, typically 1.5% to 2.5% higher. Almost every mortgage in Canada is closed; open terms are a short-term tool,...
by Yahya Mehmood | Sep 21, 2026 | Mortgages
Alternative lending is mortgage financing from lenders outside Canada’s major banks, think B-lenders, private lenders, and mortgage investment corporations (MICs), who qualify borrowers on the strength of their overall financial picture and their equity, rather...
by Yahya Mehmood | Sep 21, 2026 | Mortgages
If your mortgage renewal is denied, your loan doesn’t disappear and your home isn’t seized the next day — your mortgage simply comes due on its maturity date, and you have a window to arrange new financing, whether that’s with a different lender, a...
by Yahya Mehmood | Sep 9, 2026 | Mortgages
“How to get a mortgage with bad credit in Ontario” isn’t just a question a borrower types into Google — it’s the question every mortgage agent needs a confident answer to before that client sits down across from them. A bad credit score...
by Yahya Mehmood | Sep 3, 2026 | Mortgages
The Bank Said “No”—Now What? We have all been there, you have a solid plan, a property you love, or a financial goal in sight, but your traditional bank turns you down because you don’t fit into their “box”. It is a frustrating...
