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If this is your first mortgage renewal, you’re not alone in wondering what happens next. The good news? You have more options — and more control — than you might think. Here’s what to know as your first renewal approaches. What Happens at Renewal? Your lender will typically send a renewal offer a few months before […]

Renewing your mortgage doesn’t have to feel overwhelming. A little preparation goes a long way — and having the right information ready helps us give you clearer advice, better options, and a smoother experience. Here’s a simple checklist to help you prepare for your mortgage renewal review. Your Current Mortgage Details Renewal Offer (If You’ve […]

If you’re 55 or older and a homeowner in Ontario, you’ve likely heard the term reverse mortgage floating around. Maybe a neighbour mentioned it, or your financial planner brought it up, or you’ve seen it in a headline. And while the idea sounds interesting, most people still ask the same question: “Okay, but what is […]

We get this question all the time: “Isn’t the Bank of Canada’s rate the same as the bank’s lending rate?”Not quite — and the difference can make a big impact on your mortgage. Let’s break it down, Loft style The Bank of Canada Policy Rate (Overnight or Key Rate) Think of this as the “wholesale” […]

At Loft Financial, we were proud to be part of a recent first-time homebuyer seminar hosted by The Rick Jensen Team. Rick led an insightful discussion with an expert panel: Julia Stevens (real estate agent), Daniel Coutts (real estate lawyer), Daniela Ospina (project manager), and our very own Amanda from Loft Financial. Together, the panel […]

Written by Amanda Prudhomme Getting pre-approved is a big step — and we’re always cheering when our clients hit that milestone. But here’s something most people don’t talk about: the window between pre-approval and closing is more fragile than it seems. Your mortgage isn’t final until you sign on the dotted line. So to keep […]