Brokerage #13763
Plain-English guides for Ontario homebuyers, renewers, and investors — written by licensed mortgage professionals.
lendsimplHow mortgage break penalties are actually calculated in Canada — the three-months'-interest formula, the Interest Rate Differential (IRD), and a full worked example of each, explained step by step.
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lendsimplWhat actually changed in Canada's mortgage rules for 2026 — the new First-Time Home Buyers' GST/HST rebate, Ontario's enhanced top-up, OSFI's lending limits, and the lender-switch exemption — explained clearly, with what didn't change too.
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lendsimplHow much income do you need to buy a $700K, $850K, or $1,000,000 home in Toronto? An illustrative example table by price point, how down payment size changes the number, and how lenders actually calculate qualifying income.
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lendsimplDo mortgage brokers charge a fee in Ontario? Here's how broker compensation actually works — the standard lender-paid commission model, when a direct fee can apply, and what FSRA requires brokers to disclose before you sign.
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