<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Solmaz Esmaeili -Licensed Mortgage Broker at ULTIMATE Mortgage and Finance Solutions# ​11995]]></title><description><![CDATA[Mortgage With Soli]]></description><link>https://www.solmazmortgage.com/blog</link><generator>RSS for Node</generator><lastBuildDate>Tue, 27 Oct 2026 21:45:07 GMT</lastBuildDate><atom:link href="https://www.solmazmortgage.com/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Why lenders ask for 2 years of income history]]></title><description><![CDATA[Lenders in Canada typically require a two-year income history for part-time or variable jobs to confirm that the income is stable, consistent, and reliable. Since hours can fluctuate, they average earnings over two years to ensure borrowers can sustain mortgage payments. They review documents like T4s, Notices of Assessment, pay stubs, and employment letters to assess stability, consistency, and whether the income is ongoing rather than temporary. This helps reduce lending risk and determine...]]></description><link>https://www.solmazmortgage.com/post/why-lenders-ask-for-2-years-of-income-history</link><guid isPermaLink="false">6a0208e00e085586d4794c25</guid><pubDate>Mon, 11 May 2026 16:53:30 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/ff4ac4_22f28a5d0e7a45e1a488da13c0db58a7~mv2.png/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[New Incentives: Big Opportunities for  first-time home buyers on new homes]]></title><description><![CDATA[The moment first-time home buyers have been waiting for has arrived. With new federal incentives and proposed measures from the Ontario government, there is now a valuable opportunity to save significantly on your first home purchase. First-Time Home Buyers could benefit from significant savings—potentially eliminating GST/HST on new homes up to $1M and reducing it on homes up to $1.5M This could make homeownership more attainable than ever.]]></description><link>https://www.solmazmortgage.com/post/new-incentives-big-opportunities-for-first-time-home-buyers-on-new-homes</link><guid isPermaLink="false">69c2ebb436a1fdc193bf1a26</guid><pubDate>Tue, 24 Mar 2026 20:21:56 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Why Title Insurance Matters in Real Estate]]></title><description><![CDATA[Title insurance protects property buyers and lenders from financial losses caused by defects in the property’s title—such as unpaid taxes, liens, fraud, or ownership disputes—stemming from past issues. It comes in two types: owner’s title insurance , which protects the buyer’s ownership rights, and lender’s title insurance , which safeguards the lender’s interest up to the mortgage amount. Coverage includes legal costs and losses due to undiscovered title defects, requires a one-time premium...]]></description><link>https://www.solmazmortgage.com/post/why-title-insurance-matters-in-real-estate</link><guid isPermaLink="false">68f1130210f14ab8bd91a74d</guid><pubDate>Thu, 16 Oct 2025 16:36:48 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/ff4ac4_755d994ef95c4b8daff643b0fe036b35~mv2.png/v1/fit/w_1000,h_1000,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Benefits of the CHIP Reverse Mortgage versus HELOC]]></title><description><![CDATA[With rising living costs, many Canadians are turning to their home equity for extra cashflow. Two common options are a HELOC  and a Reverse Mortgage . HELOC : Access up to 65% of your home’s value, borrow as needed, and make monthly interest payments. Rates fluctuate with the Bank of Canada’s prime rate. CHIP Reverse Mortgage  (for Canadians 55+): Access up to 55% of your home’s value as tax-free cash with no monthly payments. The loan is repaid only when you sell, move, or through your...]]></description><link>https://www.solmazmortgage.com/post/benefits-of-the-chip-reverse-mortgage-versus-heloc</link><guid isPermaLink="false">68d6a5c55a83a9f901b6a252</guid><pubDate>Fri, 26 Sep 2025 14:40:15 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Mortgage Default Process in Canada ]]></title><description><![CDATA[When a borrower defaults on their mortgage, lenders follow a structured process before foreclosure or power of sale. Demand Letter  – A...]]></description><link>https://www.solmazmortgage.com/post/mortgage-default-process-in-canada</link><guid isPermaLink="false">689a084b4d23f3b3541b02be</guid><pubDate>Mon, 11 Aug 2025 15:12:52 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[ Credit Scores Myths]]></title><description><![CDATA[Credit scores indicate your ability to pay bills They do not take into account income, wealth, employment status and/or many other...]]></description><link>https://www.solmazmortgage.com/post/credit-scores-myths</link><guid isPermaLink="false">68953989979ca91c7c3f4d66</guid><pubDate>Thu, 07 Aug 2025 23:44:46 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Building your dream home? Know Your Mortgage Options]]></title><description><![CDATA[Construction Mortgage in Canada – A Quick Guide A construction mortgage helps finance building a new home or major renovations. Unlike a...]]></description><link>https://www.solmazmortgage.com/post/building-your-dream-home-know-your-mortgage-options</link><guid isPermaLink="false">685471eef8aa8d44b1b25d68</guid><pubDate>Thu, 19 Jun 2025 20:33:08 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Changing Jobs Before Applying for a Mortgage in Canada]]></title><description><![CDATA[Yes, you can change jobs before applying for a mortgage, but it can affect your approval. Lenders prefer stable, continuous income and...]]></description><link>https://www.solmazmortgage.com/post/changing-jobs-before-applying-for-a-mortgage-in-canada</link><guid isPermaLink="false">6834940cb00ee36cfa214b84</guid><pubDate>Mon, 26 May 2025 16:19:56 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Where to Get a Commercial Mortgage in Canada.]]></title><description><![CDATA[Commercial mortgages in Canada are available through: Major banks Specialized lenders  (e.g., CMLS Capital) Mortgage brokers  (often...]]></description><link>https://www.solmazmortgage.com/post/where-to-get-a-commercial-mortgage-in-canada</link><guid isPermaLink="false">67facac36eaf2756d7319986</guid><pubDate>Sat, 12 Apr 2025 20:20:30 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Minimum Credit Score for an Insured Mortgage—What You Need to Know.]]></title><description><![CDATA[The minimum credit score for an insured mortgage in Canada is 600 , as required by CMHC and other insurers. Key points: At least one...]]></description><link>https://www.solmazmortgage.com/post/minimum-credit-score-for-an-insured-mortgage-what-you-need-to-know</link><guid isPermaLink="false">67fac81d555ee813e6b04e2e</guid><pubDate>Sat, 12 Apr 2025 20:12:11 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Why Homeowners Choose Second Mortgages?]]></title><description><![CDATA[Second mortgages offer homeowners financial flexibility for various needs, including: Debt Consolidation:  Pay off high-interest debts...]]></description><link>https://www.solmazmortgage.com/post/why-homeowners-choose-second-mortgages</link><guid isPermaLink="false">67c8ecc4059aed5c7706c198</guid><pubDate>Thu, 06 Mar 2025 00:31:58 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Mortgage Renewal During a Consumer Proposal: Key Points &#38; Strategies]]></title><description><![CDATA[Renewing with Your Current Lender:  Typically straightforward, especially if payments are on time. Most lenders won’t require a new...]]></description><link>https://www.solmazmortgage.com/post/mortgage-renewal-during-a-consumer-proposal-key-points-strategies</link><guid isPermaLink="false">6736d0a031756b3948e6c04f</guid><pubDate>Fri, 15 Nov 2024 04:40:02 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[First-Time Homebuyer? Unlock Your Land Transfer Tax Refund!]]></title><description><![CDATA[Eligible first-time homebuyers can receive a refund of up to $4,000 on the provincial land transfer tax. No land transfer tax is payable...]]></description><link>https://www.solmazmortgage.com/post/first-time-homebuyer-unlock-your-land-transfer-tax-refund</link><guid isPermaLink="false">670e8ce945fcd6f6f863af79</guid><pubDate>Tue, 15 Oct 2024 15:41:47 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Typical Closing Cost Range]]></title><description><![CDATA[Generally, budget between 1.5% to 4% of the home's purchase price for closing costs. For example, on a $300,000 home, closing costs could...]]></description><link>https://www.solmazmortgage.com/post/typical-closing-cost-range</link><guid isPermaLink="false">670e887da5f7337d0313c5eb</guid><pubDate>Tue, 15 Oct 2024 15:23:31 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Homeownership Simplified: Mortgage Options for Canadian Doctors]]></title><description><![CDATA[Medical Professional Mortgage Programs in Canada: Key Highlights Eligibility: Designed for doctors and medical professionals, including those in residency or recently completed. Includes foreign-trained, licensed physicians who are Canadian citizens or permanent residents. Applies to purchases, refinances, or renewals of up to two-unit properties. Key Features: Projected Income:  Qualify based on future income rather than current earnings, ideal for residents, fellows, and new physicians....]]></description><link>https://www.solmazmortgage.com/post/homeownership-simplified-mortgage-options-for-canadian-doctors</link><guid isPermaLink="false">66c51a0d03bf69a392ee0953</guid><pubDate>Tue, 20 Aug 2024 22:34:57 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Open vs. Closed Mortgages: Which One Fits Your Financial Plans?]]></title><description><![CDATA[Open vs. Closed Mortgages: What to Know Open Mortgage: Flexibility:  Pay off, refinance, or make lump-sum payments anytime without penalties. Interest Rates:  Higher due to flexibility. Term Length:  Shorter terms, usually 6 months to 1 year (fixed) or up to 5 years (variable). Best For:  Those expecting a financial windfall, selling soon, or anticipating higher income. Closed Mortgage: Restrictions:  Limited prepayment options; penalties for early payoff or exceeding limits. Interest Rates:...]]></description><link>https://www.solmazmortgage.com/post/open-vs-closed-mortgages-which-one-fits-your-financial-plans</link><guid isPermaLink="false">66c5190780df83f656e92d89</guid><pubDate>Tue, 20 Aug 2024 22:30:46 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Bridge the Gap: What You Need to Know About Bridge Mortgage Loans in Canada]]></title><description><![CDATA[Bridge Mortgage Loans in Canada: Key Points Purpose:  Provides temporary funds to use your current home’s equity as a down payment on a new property before your existing home is sold. Term Length:  Typically 6-12 months, allowing time to sell your current home and repay the loan. Qualification:  Requires a firm sale agreement on your current home and approval for a new mortgage. Use Case:  Ideal for making firm offers in competitive markets before selling your existing home. Lender Options:...]]></description><link>https://www.solmazmortgage.com/post/bridge-the-gap-what-you-need-to-know-about-bridge-mortgage-loans-in-canada</link><guid isPermaLink="false">66c5092174b05a1e0cb0891d</guid><pubDate>Tue, 20 Aug 2024 21:23:04 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[Maximize Your Mortgage Renewal: 10 Smart Steps to Secure the Best Deal]]></title><description><![CDATA[When it's time for your mortgage renewal, follow these steps: Start Early:  Begin about 120 days before your term ends to explore options and negotiate. Review Finances:  Assess your income, expenses, and goals to see if anything has changed. Shop Around:  Compare rates from multiple lenders to ensure you're getting the best deal. Evaluate Mortgage Features:  Consider changes like switching from a variable to a fixed rate or adjusting your amortization period. Negotiate:  Use offers from...]]></description><link>https://www.solmazmortgage.com/post/maximize-your-mortgage-renewal-10-smart-steps-to-secure-the-best-deal</link><guid isPermaLink="false">66c506f3b57801e2b7edf19d</guid><pubDate>Tue, 20 Aug 2024 21:19:55 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[New Mortgage Rules: How Recent Updates and Programs Benefit First-Time Home Buyers in Canada]]></title><description><![CDATA[Recent and proposed updates to Canadian mortgage laws aim to make homeownership more accessible for first-time buyers. Key points: Proposed Changes Extended Amortization:  A proposed 30-year amortization for new homes (vs. 25 years) could take effect on August 1, 2024, to reduce monthly payments for first-time buyers. Existing Programs Home Buyers' Plan (HBP):  Withdraw up to $35,000 from your RRSP for a down payment, repayable within 15 years. First Home Savings Account (FHSA):  Save up to...]]></description><link>https://www.solmazmortgage.com/post/new-mortgage-rules-how-recent-updates-and-programs-benefit-first-time-home-buyers-in-canada</link><guid isPermaLink="false">66c3618e1ebd5a2f6e1cdd4f</guid><pubDate>Mon, 19 Aug 2024 15:15:50 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item><item><title><![CDATA[The Smart Middle Ground: Understanding Insurable Mortgages in Canada]]></title><description><![CDATA[An insurable mortgage in Canada meets these criteria: Down payment of 20% or more (loan-to-value ratio of 80% or less). Purchase price under $1 million. Amortization period of 25 years or less. Owner-occupied residence. Meets CMHC requirements, like minimum credit score and debt service ratios. Key points: Lenders can choose to insure it, but insurance isn't mandatory. The lender pays the insurance premium, not the borrower. Interest rates are slightly higher than insured mortgages but lower...]]></description><link>https://www.solmazmortgage.com/post/the-smart-middle-ground-understanding-insurable-mortgages-in-canada</link><guid isPermaLink="false">66c35f8dd73e9c1570e1aa9c</guid><pubDate>Mon, 19 Aug 2024 15:07:28 GMT</pubDate><dc:creator>Solmaz Esmaeili</dc:creator></item></channel></rss>