A home equity loan isn’t just a lifeline if you’re drowning in debt – it can be a lifesaver. Has your bank or financial institution turned you away for a home equity loan in Canada? Your home equity could help you pay off outstanding loans, credit cards and help...
Stop Power of Sale - Help is Available! When you own your home, one of the scariest things that can happen Is to have someone threaten to take it away. If you fall behind on your mortgage payments, though, that’s exactly what will happen. One of the ways lenders try...
How Much Can You Borrow Against Your House? We bet there are few assets in your life that are likely worth hundreds of thousands of dollars. Your house is probably one of them. The more equity you've got, the more valuable your home is. Despite this, getting at that...
A bad credit mortgage is any home loan that has been arranged where the borrower has less than perfect credit. Bad credit can mean debts in collections, a past or current bankruptcy, or a consumer proposal, or it can mean that your credit score has taken a hit for any...
Private Mortgage Lenders Help Canadians Get Home Loans In recent years the Canadian government has made it harder to qualify for home loans - it's no secret. Whether applying for a new mortgage to buy a home or a second mortgage on an existing home, tight...
How Do I Get Approved for a Second Mortgage with Bad Credit? First of all, how do you know you have bad credit? How do you know your application won't be approved? A homeowner should never make assumptions about their options for a second mortgage. Unless you've fully...
Private Second Mortgages - 5 Things You Should Know When you’re hoping to get a little extra cash, one way to do so is with the help of a second mortgage. Second mortgages, often referred to as home equity loans (because it sounds prettier) can allow you to use the...
Finding Your Best Mortgage Broker In Toronto - How To Choose One That's Right For You Toronto remains one of the hottest housing markets in the country. So it can sometimes be challenging to get the best deal possible on a home, especially if you are a first-time home...
Bad Credit home equity loans can be offered by banks! Banks that offer home equity loans with bad credit exist, contrary to popular belief. They are not the traditional big banks that your mom and dad used to use. Banks that offer home equity loans with bad credit...
Property Tax Loans - What Options Do I Have? Owning a home comes with a number of costs that you might not have considered ahead of time. One of the most common items that people often forget about is property tax. However, making sure you’re paying property tax is...
Understanding the Loan-to-Value (LTV) ratio is essential for anyone navigating the world of mortgages, real estate, or personal finance. Whether you’re a homebuyer, investor, or financial professional, grasping this concept can greatly impact your financial decisions....
In the realm of personal finance, having access to credit is a valuable asset. It provides the flexibility to cover unexpected expenses, manage cash flow, or make significant purchases without immediately impacting your savings. However, not all lines of credit are...
Whether it’s refinancing mortgage or securing new one, there are different financing products available in the market that is crucial for homeowners to understand to make wise decision. Among them Open Mortgage and Closed Mortgage are two important terms that decides...