Mortgage & Finance
Mortgage rates, financing, and home loan guides for Ontario buyers
“Semi-Annual, Not in Advance”: What Canada’s Mortgage Interest Rule Actually Means
Why won’t your Canadian mortgage payment match your own math? The answer is a line in your paperwork: interest “calculated semi-annually, not in advance.” Toronto broker Arthur Zhao traces it to the federal Interest Act, s. 6 — blended-payment mortgages must state the rate calculated yearly or half-yearly, not in advance, and lenders settled on semi-annual for fixed-rate loans. It doesn’t charge interest twice a year and doesn’t save you money; it just makes your effective annual rate run a few basis points above the posted rate. Illustrative rates only, not current market rates; confirm with a licensed mortgage broker or lender.
加拿大房贷利息是「半年复利」——这句话到底什么意思
加拿大房贷的「半年复利、not in advance」到底什么意思？会让我少付利息吗？安省持牌经纪 Arthur Zhao 从联邦《Interest Act》第 6 条讲起：法律要求本息混合摊还的房贷必须按「年或半年、not in advance」披露利率，行业统一用半年复利做固定利率房贷的报价基准。它不是「一年只算两次利息」，也不省钱——真正的作用，是让你的实际年化利率（EAR）比合同报价高几个基点。本文用示意假设利率讲清换算逻辑、与美国按月复利的差异，以及对月供的真实影响量级。文中利率均为示意假设，非当前市场利率；具体请咨询持牌按揭经纪或 lender。
Cash-Back Mortgages: The Real Price of That Lump Sum at Closing
A cash-back mortgage hands you a lump sum at closing in exchange for a higher rate. Learn to net the cash against the extra interest, how the pro-rated clawback bites if you break early, and why OSFI rules say it can't count toward your down payment.
Cash-Back 返现房贷：开户给几万块，羊毛出在哪
返现房贷开户给你一笔现金，代价是更高的利率。这篇教你把返现摊回利差自己算账、读懂提前解约按剩余期限比例吐回的 clawback 条款，并讲清一个常被搞错的点：按 OSFI 准则返现不能当首付。
Second Mortgages and Home Equity Loans in Ontario: What “Second Position” Actually Costs You
A second mortgage and a home equity loan sit behind your first mortgage as a second charge — and that single fact drives the cost. Toronto broker Arthur Zhao explains lien position, how power-of-sale proceeds are shared under Ontario’s Mortgages Act, why second-position lending is priced above a first mortgage or a bank HELOC, who actually lends, the 65% / 80% HELOC limits, and how to plan an exit. Rates and limits move with the lender, so confirm with a licensed Ontario mortgage broker before you sign.
二贷与 Home Equity Loan：从房子里拿钱的另外两条路，和 HELOC 差在哪
二贷（second mortgage）和 home equity loan，跟 HELOC 差在哪？安省持牌经纪 Arthur Zhao 从「抵押顺位」讲起：一按是 first charge、二贷是 second charge，违约时按安省《按揭法》power of sale 顺序分钱、二贷排后排，这也决定了它为什么更贵。本文讲清谁在放二贷、成本由哪几块拼成、银行 HELOC 的 65%／80% 额度上限，以及什么处境才该用、怎么退出。利率与额度随贷方浮动，动手前请咨询 FSRA 持牌按揭经纪。
The Readvanceable Mortgage: Why Your Credit Line Grows Every Time You Pay the Mortgage Down
What is a readvanceable mortgage? It isn't a product — it's an amortizing mortgage and a revolving HELOC linked under one Combined Loan Plan, so every dollar of principal you repay re-advances to the line and your available credit rises as your debt falls. This piece is about the structure: how the re-advance works, how it differs from a plain HELOC, who it suits, and three structural risks that never show on a rate sheet (a self-refilling limit that invites over-borrowing, collateral-charge switching friction, and prime rate transmission). Rules from OSFI Guideline B-20 (HELOC
可再贷房贷（Readvanceable Mortgage）：为什么你每还一块本金，能借的额度就自动长一块
可再贷房贷（readvanceable mortgage）是什么？它不是一款产品，而是把一笔摊还房贷和一条循环 HELOC 绑进同一个「组合贷款计划」——你每还一块本金，HELOC 可用额度就自动等额往上长（re-advance）。本文只讲结构：re-advance 的引擎、它和普通 HELOC 的区别、谁用得上、以及三个不在利率表上的结构性风险（额度自动增长诱导过度借贷、组合产品的转按揭摩擦、利率经 prime 直接传导）。规则引 OSFI Guideline B-20（HELOC ≤ 65% LTV、组合 ≤ 80% LTV），核实于 2026-07-30。提及 Smith Manoeuvre 须咨询持牌会计师。
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