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How Debt Restructuring Works If you’re a homeowner in Ontario, your house might be the tool that helps you clean this up. Debt restructuring  is about taking high-interest consumer debt and rolling it into a lower-interest mortgage product, like a refinance, a HELOC, or even something more flexible like a Manulife One account. Let’s say you’ve got: $35K in credit cards and personal loans Paying ~19% interest Monthly payments of $1,200+ By rolling that into your mortgage at ~4.5%, you might...

You’ve saved your down payment, you’re excited, and you’re finally ready to start shopping. But there’s one piece most first-time buyers don’t expect. Closing costs. These costs aren’t optional. They’re the extra expenses you’ll need to cover when the purchase becomes official, and planning for them early saves you a lot of last-minute stress. Let’s walk through what they are, what they cost, and how to prepare. 1. The Three Major Closing Costs Land Transfer Tax (LTT) Every home purchase in...