In Canada, second mortgage loans are an additional loan that a homeowner can take on a property on top of a primary mortgage. Because a second mortgage is an additional loan, the risks for the lender are quite high, prompting them to charge higher interest rates for second mortgages as compared to a primary mortgage […]
Second Mortgage Loans in Canada Read More »
If your homeowner with equity, you can cash in and start making equity in your home work for you with a home equity loan. After all, you’ve been saving for years, making your payments on time, isn’t it time you started getting something back? This kind of mortgage, also known as a second mortgage, can
Is It Time to Leverage Your Home Equity? Read More »
Owning a home comes with the benefit of being able to build wealth through home equity. The good thing with having a good amount of home equity is that you can tap your equity when you need funds or need extra cash. However, you must be careful that you don’t end up using it for
4 Genius Ways to Use a Home-Equity Loan 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 »
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 »
Debt is one of the most challenging things to manage for a lot of people, more so during the pandemic. It is not just because it can be easy to have too many debts such as mortgages, loans, and credit cards, but a lot of people have seen their incomes dwindle if not totally evaporate
What is The Best Way to Consolidate Debt for 2021? Read More »
A lot of people are feeling the extra pressure as they face increasing bills during the pandemic. Is now the time to consider debt consolidation if you own a home in Ontario? Do you know that the average household in Ontario owes around $124,700 to $157,700? Considering that the national average is just $114,400, it
Is 2021 The Time for Debt Consolidation Using Your Home Equity in Ontario? Read More »
What better way to start the year right than by taking care of your debts and working your way to better financial management, right? However, things are not as easy as it seems more so if you’re worried about whether getting a debt consolidation loan will negatively affect your credit score. Can getting a debt
Can Credit Score Be Affected by A Debt Consolidation Loan? Read More »
Not a lot has changed when it comes to using your home equity in 2021 although the situation this year might be totally different to previous years. Basically, the ways that a homeowner can access home equity remains as getting a HELOC, applying for a second mortgage, getting a home equity loan, and opting for
Ways to Access Your Home Equity in 2021 Read More »
Homes are expensive. For most people, buying a home is the most expensive purchase they will ever make in their life and is a huge investment. It only makes sense to want to protect that investment and want it to grow. But how do you grow a home investment and how do you protect it?
Try These Affordable Renovation Ideas to Boost Your Home’s Value! Read More »
