When the appraisal comes in below your offer
A lender finances the appraised value, not the price you agreed to. If a gap appears, you cover it in cash. Here’s how to plan for it.
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Guides written for Quebec buyers, owners and self-employed borrowers who want to compare options before committing.
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Showing 1-9 of 65 articles for purchases, renewals, refinancing and lender conditions.
FHSA or Home Buyers’ Plan: which to use for a first home
The FHSA gives a deduction going in and a tax-free withdrawal coming out. The HBP is a loan to yourself. Often you use both.
Financing land: why it is not like buying a house
Vacant land earns nothing and resells slowly. Lenders protect themselves accordingly.
An inspection that finds defects: what the lender takes from it
Structure and active water infiltration worry a lender. Cosmetic items don’t. That distinction decides what happens next.
Separation: what happens to the mortgage
A court order binds former spouses to each other, not to the lender. While both names are on the loan, both stay liable.
New construction: the money comes out in stages
Funds release after an inspection at each phase, so you have to pay the builder between draws.
The welcome tax: the bill buyers forget
It arrives months after closing, once moving costs have drained the account. Here’s how to plan for it.
Reverse mortgage: the numbers to ask for before signing
Interest compounds on a balance nobody pays down. One projection table answers most of the questions families have.
Closing costs, beyond the down payment
Notary, welcome tax, adjustments: what gets added to the down payment, including a bill that lands months later.
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Today’s rates, with the fine print.
These rates are indicative. Yours depends on your file, the type of mortgage (insured or not) and the lender. And look at the penalty too, it matters as much as the number.
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