Chapter 5: Consumer Lending and Mortgages
  
    In this section
    
      
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        Credit Planning
        Explore how to evaluate, structure, and manage credit for clients in Canada, covering debt ratios, risk factors, and best practices for aligning credit products with overall financial goals. 
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        Residential Mortgages
        Explore key considerations for residential mortgages in Canada, including qualification, terms, and insurance requirements, with practical insights on how to align mortgage choices with client goals and regulatory guidelines. 
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        Key Financial Factors to Consider When Purchasing a Home
        Discover crucial financial considerations—such as affordability, down payment, and stress testing—for Canadian homebuyers looking to make informed real estate decisions. 
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        Methods of Reducing Interest Costs and Penalties
        Explore effective strategies to lower mortgage interest expenses and mitigate penalties in Canada, including accelerated payments, lump-sum contributions, refinancing tactics, and credit score improvements. 
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        Related Mortgage Topics and Financial Planning Issues
        Explore essential mortgage-related topics—HELOCs, reverse mortgages, second mortgages, and more—to enhance your client’s debt strategies and overall financial plan in Canada. 
 
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