The Risks of Putting In an Offer Without a Financing Condition (2026 Update)
Key Takeaways You are legally committed to buy the property, even if your mortgage is denied You can lose your deposit if financing falls through You may need to cover appraisal shortfalls out of pocket You could be approved for less than expected, creating a funding gap You may face legal action from the seller […]
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Does Renewing a Mortgage Early Cost or Save You Money?
When interest starts climbing, locking in your mortgage rate can seem like a no-brainer. Sign too quickly, though, or skip comparing offers altogether—and that rushed decision can cost you more than the rate hike you were trying to avoid in the first place. Below, we get into when that instinct pays off for Ontario homeowners, […]
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Can You Be Denied a Mortgage Switch in Ontario? What Lenders Recheck at Renewal
Many Ontario homeowners assume that when their mortgage comes up for renewal, switching to a new lender is simply a matter of signing some paperwork and accepting a better rate. In some cases, the process is straightforward. In others, it can be more complicated. If you’re considering moving your mortgage to a different lender at […]
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Using Home Equity to Buy a Second Property in Ontario: HELOC, Refinance, or Second Mortgage?
For many Ontario homeowners, buying a second property is more attainable than they realize. Whether you’re dreaming of a cottage, looking at an investment property, or considering a vacation home, the equity you’ve built in your current home may help make that next purchase possible. The question is: what’s the best way to access it? […]
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