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Pegasus Mortgage Lending Center Inc.

Pegasus Blog

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 A-lender channel, which usually requires two years of Notices of Assessment. The realistic paths are

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Are Short-Term Fixed-Rate Mortgages the Right Choice for Your Home Loan?

This cycle has resulted in a significant rise in the benchmark cost of borrowing, soaring from 0.25% during the pandemic to the current rate of

Moving Homes: How Does It Affect Your Home Insurance Coverage?

However, amidst the chaos of moving boxes and the excitement of a fresh start, it's crucial to recognize its impact on your home insurance coverage.

Errors and Omissions Insurance: Everything You Should Know

Minimizing the effects of mistakes is crucial in professional work, such as avoiding architectural malpractice, reducing financial advisor misrepresentation, and preventing technology consultant mishaps. Join

Mortgages and Inflation

Exploring the Relationship Between Mortgages and Inflation

Generally, in an inflationary environment, central banks raise interest rates to control inflation, which can influence mortgage rates. However, various factors complicate this relationship, such

Mindful Spending

The Art of Mindful Spending: How to Control Your Expenses and Save More

Before we know it, our hard-earned money slips through our fingers like sand, leaving us feeling trapped, overwhelmed, and uncertain about our financial future. But

Financial Stability Made Simple: Exploring the Benefits of GICs

This surge in popularity is largely due to the increasing interest rates. The rise in interest rates has significant financial implications for individuals, affecting both

Common Misconceptions About Power of Sale & Foreclosure

Unfortunately, many homeowners in Canada face this situation every year, either because they can't keep up with their mortgage payments or because they've experienced unexpected

Protecting Your Home and Family from Wildfires: Expert Advice and Insurance Tips

Wildfires are a growing threat to homeowners across Canada. Due to the effects of climate change, the likelihood of wildfires is progressively escalating as extreme

Amortization Period

Stretching Your Mortgage: Weighing the Benefits and Drawbacks of an Extended Amortization Period

While it may seem like an attractive option to reduce monthly repayments, it's crucial to understand the potential risks associated with this decision. Experts and

Mortgage Default Insurance Vs Mortgage Life Insurance: Outlining the differences and needs of both

The mortgage industry is filled with numerous jargon terms, making it difficult to comprehend their meanings, particularly for first-time homebuyers. Most of us have likely

All you need to know about downpayment: How to determine your budget and secure your downpayment.

When buying a home, deciding how much to put down largely depends on your financial situation. The minimum down payment required is based on the

Reverse Mortgage

All you need to know about Reverse Mortgage

Even if you own a home, you may find yourselves cash-poor after retirement. A reverse mortgage will assist by allowing you to access the equity