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1920, 407 2 Street SW
101, 6420 6A Street SE
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Interest-only mortgages can sound comforting… especially when life feels tight.
But the truth behind them is layered, emotional, and worth understanding fully.
Lower payments today can mean bigger shocks tomorrow.
More breathing room now can mean more risk later.
Whatever you’re navigating, the most important thing is this:
You deserve clarity, confidence, and options that truly support your future.
📉 The Bank of Canada just cut its key rate to 2.5%.
✅ Variable-rate mortgage holders may see lower payments.
✅ Borrowing gets slightly cheaper.
⚠️ But savings accounts & GIC returns shrink.
👉 What does this mean for YOU? Let’s break it down.
07/29/2025
📩 Some B-lender clients are now being asked to requalify at renewal — even if they’ve never missed a payment.
That means if your income’s changed… or your job looks unstable… your lender might say: ‘No renewal unless you prove you still qualify.’
This could become more common — especially in uncertain markets.
✅ Ask your lender if you’ll need to requalify
✅ Have a backup plan (yes, even if you paid on time)
✅ Start prepping 4 months before renewal
”
B-Customers Made to Requalify at Renewal Equitable Bank has reportedly been sending out emails to a small number of 'B' customers, asking them to requalify at renewal. At least some of the borrowers in question have apparently never even defaulted. This begs the glaring question: Why? Here's what Equitable Bank told us about it.
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