Turkin Mortgage Blog

Several factors can trigger the decision to transfer a mortgage or add someone to a mortgage. The most common reasons include major life events like marriage or a change in financial capacity. Most people wish to add their spouses to the mortgage, and others may want to share the property costs with siblings, children, or...

It’s the end of the mortgage term – what happens? In Canada, renewing your mortgage once it reaches its terms, regardless of whether you’ve paid it up or not, is a standard procedure. However, this shouldn’t be taken lightly because mortgage renewal isn’t guaranteed. When applying for a mortgage, you’ll sign a contract that sets...

A rental property creates an extra income stream for investors. Buying rental properties requires significant funding that may not be within your reach. Fortunately, prospective property owners can access a rental property mortgage to acquire a rental property in Ontario. Qualifying for a mortgage on a rental property is typically hard, thanks to the stringent...