Canadian homeowners haveincreased their additional mortgage payments during the pandemic, taking advantage of savings built up during the lockdowns to pay down their home loans. A total of $34-billion of additional or unscheduled mortgage payments were made last year, compared with $31-billion in 2019, according to a new report from Canada Mortgage and Housing Corp. […]

Hastily saying yes to another term can be a costly mistake When you’re a busy homeowner, renewing your mortgage with your current lender can seem to make a lot of sense. It’s generally easy and uncomplicated, particularly if you have a good relationship with the institution that provided your financing. But renewing your loan with […]