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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What Not to Do Between Mortgage Approval and Mortgage Funding
Avoid These Mistakes to Keep Your Mortgage Approval In Good Standing After you’ve been approved for a mortgage, it’s important to understand that you aren’t out of the woods just yet. Being approved for a mortgage does not give you a 100% guarantee that you will receive the funding. There are certain actions you should […]
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What Happens If Your Mortgage Renewal is Denied?
Tips to Help You Navigate Declined Mortgage Renewal Applications All across Canada, homeowners are faced with a daunting reality each year—their mortgage renewal. For many, the not-so-simple process of qualifying for a renewal is stressful. But stress takes on a whole new form when your renewal application is declined. So what’s next? While it is […]
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What to Do if You’re Denied a Mortgage Loan
Step Back, Assess What Went Wrong, And Develop A Plan You received your mortgage pre-approval letter, found the perfect home, and learned your offer was accepted. You were all set to take the next steps – closing and moving into your new house – when you got the news: mortgage loan denied. After a lengthy […]
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