Changes will be coming to how the mortgage stress test is applied to insured and potentially insurable mortgages on April 6th, 2020.  Currently, all mortgages are subjected to a stress test where applicants must be able to afford the monthly payments of a mortgage wit...

Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outstanding balance of your mortgage. Interest is the other portion of your payment which goes directly into the po...

One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you less interest over time...