Bad credit may get in the way of getting a second mortgage but it is still possible to get approval even with a less-than-desirable credit score. This is definitely worth a consideration because a second mortgage can be used to improve one’s credit score. A strong application is a must and you must shop for […]
Get a Second Mortgage with Bad Credit Read More »
Spring is here! Like many other individuals, you may be contemplating about getting a second mortgage this year and asking yourself whether it will be worth it as well as what are the things you need to know. Well, you’re in luck today if you’re seeking more information about second mortgages! Second Mortgage Definition A
2019 Guide to a Second Mortgage in Ontario and the GTA Read More »
Do you know that now is one of the best times to get a second mortgage in Canada despite concerns over the contrary? The risks are not worth sweating over if you take the time to understand what a second mortgage is and only decide after identifying the best type of second mortgage that may
Your 2022 Second Mortgage Checklist Read More »
Mortgage arrears is increasingly becoming a problem for more homeowners these days. No matter how much one’s finances are planned, it is not uncommon to fall behind on payments during months of financial difficulty. Most people do not realize how important it is to make sure that they should prioritize paying their monthly mortgages. It
Mortgage Arrears and Foreclosures Read More »
A lot of homeowners these days are finding out that they can use their home equity to apply for a homeowner’s loan. It can sound quite simple at first glance but getting a homeowner’s loan can have some confusing steps that can cost you both time and money if you make some mistakes at any
How To Get A Homeowner’s Loan Read More »
More Canadians are using their home equity now for financial relief and it is not just because some people are struggling due to the COVID-19 pandemic. Quite a number of people are using their home equity to buy second homes and to fund investments while taking advantage of favourable terms that are available these days.
Home Equity Borrowing Is More Popular Than Ever in Canada Read More »
Do you know that one of the most popular reasons that Canadians tap into their home equity is to use the extra cash to buy a second property? Although having a second home may sound excessive to some, having a second home can mean a lot of things to different people. Why Buy A Second
Buying A Second Property? This is How You Fund It with Your Home Equity! Read More »
World economy has taken a hit due to the months-long lockdowns and quarantines that a lot of nations had to place themselves under of. Even countries with stronger economies like the United States and Canada are not exempt from the financially crippling effects of the COVID-19 pandemic. The best way to bounce back is for
Is it Time to Use Your Home Equity? Read More »
Do you know that one of the easiest ways to borrow money if you are a homeowner is to use your home equity? Yes, this is true! This is because homeowners who were able to build a significant amount of home equity are perceived by lenders as more trustworthy and financially stable. More so, being
Borrow Money In 2021 By Using Your Home Equity! Read More »
Second mortgages are nothing new to most Canadian homeowners; however, not everyone has an equal understanding of what a second mortgage really is and how it can benefit them. For starters, a second mortgage is a secured loan with the security being the home equity. It is a type of home loan that allows homeowners
8 Things You Must Know About Second Mortgages in Canada Read More »
