Ontario Mortgage Decision Centre
Choose the concern closest to yours. The useful answer may depend on the documents, property, timing and lender policy—not simply whether one lender said yes or no.
Find the answer from your problem
Separate the real lender concern from assumptions.
Income · credit · debt ratios · property · down paymentShow me where to start →02Show how the business earns before choosing a lender route.
A lending · bank statements · financials · T1 approachShow me where to start →03Understand the bureau, timing and cause—not only the score.
Equifax · TransUnion · utilization · collections · recoveryShow me where to start →04Compare the complete decision before signing early.
Rate · payment · penalty · switching cost · flexibilityShow me where to start →05Match the purpose, cost and exit plan to the right structure.
Debt consolidation · renovations · investment · CRA debtShow me where to start →06Test the rental calculation and portfolio effect by lender route.
Subject rent · existing rentals · cash flow · reservesShow me where to start →07Work backward from the deadline and available equity.
Appraisal · funds to close · job change · urgent alternativesShow me where to start →How the answer is built
Buying, selling or investing?
Property type, legal use, insurance, appraisal, taxes, condo information and closing dates can change the mortgage answer. Connect both sides before the transaction becomes difficult to reverse.
Need a focused review?
Tell Rajiv what you are trying to accomplish and what the lender has already said. He can help identify the questions and responsible options worth exploring next.
Published mortgage guidance
Use the guided situations above or search every published answer, concept and strategy.
Rule
A credible exit identifies who will repay the temporary lender, when, from what verified source and what happens if the first plan fails. “Rates will fall,” “income should improve” or “the property will sell quickly” are assumptions, not ex
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Possibly. Alternative/B lenders may consider recent arrears when income, explanation and equity support the file. MIC and private lenders may focus more on equity and exit. The right route depends on how serious the arrears are and how the
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Selling can protect equity when the payment is no longer sustainable or refinance costs are too high. Compare the likely net sale proceeds with the cost and probability of a refinance. Get legal advice before accepting an offer when enforce
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Power of sale is a lender’s contractual and legal process to sell the mortgaged property after default and required notice. It is not the time to wait for a better rate. The homeowner needs immediate legal advice plus a realistic repayment,
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Treat it as urgent. Send it to an Ontario real-estate lawyer and your mortgage broker immediately, verify the deadlines and request a current payout. Do not assume a verbal promise pauses enforcement.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Sometimes. A new lender may pay arrears, taxes and enforcement costs from refinance proceeds if equity, income, credit and property meet policy. The new loan must leave a sustainable payment and enough net proceeds after every fee.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Compare the existing lender’s offer, outside A and B options, amortization changes, debt consolidation, a partial paydown and sale. A lower payment can carry much more lifetime interest, so compare payment relief and total cost together.
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Act before maturity. Ask why the renewal was refused and request the payout and deadline. A standard A lender, alternative/B lender, MIC or private lender may assess the file differently. Selling may also protect equity when no sustainable
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
An approved deferral is different from missing payments without permission. The lender may allow payments to pause temporarily, but interest usually continues and the balance or later payments may increase. Ask how the arrangement will be r
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →Rule
Contact the lender or mortgage administrator before the payment fails, explain the cause and ask for the available hardship options in writing. Then review the full household budget and property equity with a mortgage broker. Waiting remove
Reviewed by Rajiv Verma, Mortgage Broker · Sep 7, 2026
Read the practical answer →