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Pegasus Mortgage Lending Center Inc.

Pegasus Blog

Ontario OCASE Tax Credit Changes: Will You Still Qualify?

If your hours have been cut in Ontario and you have not yet missed a mortgage payment, you are in the widest-option window — act in that window, not after a missed payment shows on your credit file. Call your

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Lender Won't Finance Your Toronto Condo? What to Do Next

A Toronto condo purchase can usually still close even when your first lender declines the building, provided you move fast and get a different lender's

Mortgage on a Work Permit in Ontario: GTA Buyer's Guide

Yes — you can typically get a mortgage in Ontario while on a valid work permit, and you do not need permanent residency to buy

Consolidate Credit Card Debt With Your Mortgage (Ontario)

For most Ontario homeowners carrying credit card balances at 19.99–29.99% interest, rolling that debt into a mortgage can cut the monthly cost significantly because mortgage

Refinance Mortgage to Pay Off Credit Card Debt (Ontario)

Should you refinance to clear your credit cards? Yes, refinancing an Ontario mortgage to clear credit card debt can save thousands in interest when you

Self-Employed Mortgage with 1 Year Income — Ontario Guide

Yes, you can qualify for a mortgage in Ontario with only one year of self-employed income — but typically not through a major bank's standard

Bank Won't Renew? Self-Employed Mortgage Fix (Ontario)

If your bank won't renew your mortgage because you're self-employed, you typically still have three paths before your maturity date: switch to another A lender

Behind on Mortgage Payments in Ontario? Stop Power of Sale

Please read: This article is for informational purposes only and does not constitute financial advice. Speak with a licensed mortgage professional before making any mortgage

Mortgage Renewal While Unemployed in Ontario: Your Options

Yes, you can usually still renew your mortgage in Ontario even if you have lost your job, but the path depends on who you renew

Pre-Construction Condo Appraised Low in Toronto? Fix It

In short If your Toronto pre-construction condo appraised below the purchase price, your lender will typically fund a mortgage based on the lower of appraised

Canadian Housing Market by Region: 2026 Outlook

Canadian housing markets are moving in different directions in 2026. Calgary and Edmonton lead the country, Toronto and Vancouver are the softest major markets, and

Can You Trust AI for Mortgage Advice in Canada?

AI tools like ChatGPT, Gemini, and Copilot can give useful general background on how Canadian mortgages work, but they are not reliable sources of specific

Mortgage Renewal Letter: When Your Bank Must Notify You

Federally regulated lenders in Canada must send a mortgage renewal letter at least 21 days before the end of your current term. The letter typically