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Month: December 2025

How To Save On Mortgage Breakage Fees

Breaking a mortgage early can incur significant penalties, typically either three months' interest or Interest Rate Differential (IRD) fees. Reasons for breaking a mortgage include financial changes, lower interest rates, job relocations, or personal circumstances...
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How to Get Mortgage Approval: Meaning, Tips and Process

Buying a home in Canada involves several steps to secure mortgage approval: initial discussion, application and document preparation, pre-approval, lender underwriting, conditional commitment processing, pre-closing, and closing. Key factors for approval include maintaining a good...
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