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Is It Worth It to Pay Your Debt with Your Home Equity?

Trying to manage several debts can be a huge headache more so if you have to deal with debt collectors and are already financially stressed out. It might be best to consolidate your debt to make payments easier to manage as well as get rid of unnecessary stress. More so, debt consolidation can save you […]

How Home Equity Loans Can Fund Hobbies For Seniors

A home equity loan is a type of loan taken on a home’s equity. It can be used by anyone who owns a home with substantial equity. Most people who have such equity are seniors who are in or near retirement age because they’ve been paying for that equity for quite some time. When someone […]

Getting A Second Mortgage in Ontario? Read This!

Have you heard that more than 2 million Canadians have second mortgages? With this huge number of second mortgage holders, you probably expect that almost everyone is keenly aware of what a second mortgage is and how it works. That is not the case. If you’re from Ontario and want to get a second mortgage […]

Can You Get a Second Mortgage if You Have a HELOC?

An increasing number of homeowners currently has a HELOC so the question is, is it still possible to get a second mortgage if you already have an existing HELOC? The fact is, that may be a big challenge considering the recent changes for second mortgages implemented by Canada’s leading HELOC provider, Toronto-Dominion Bank. Whereas homeowners […]

Is It Easy to Get a Second Mortgage?

Perhaps you’re wondering whether now is the right time to get a second mortgage. After all, getting a second mortgage is quite common these days and it doesn’t seem to be a very complicated process. Is it indeed true that it is easy to get a second mortgage? Second Mortgage Requirements Just like any other […]

Is Now the Right Time for You to Get a Second Mortgage?

Getting a second mortgage is not a decision to trifle with. After all, you need to use your home equity as collateral for you to get approved for a second mortgage. With this in mind, how do you know when it is time for you to get a second mortgage? What are sound reasons to […]

Protect Yourself From Mortgage Fraud and Real Estate Fraud

Mortgage fraud and real estate fraud are on the rise; and the frauds associated with them may take many different forms. As unsavoury as it is to think that these types of fraud happen around us, it is really of little wonder because fraudsters are opportunists and as such, they go for the biggest cons […]

How to Finance Home Improvements to Improve Home Equity

Home improvement projects to improve home equity brings in good returns, however, they come at a cost too. Luckily for homeowners, they can take out a line of credit, get a home equity loan, or try a refinance to fund such projects. If you’re wondering what financing option would be best for you, read on […]

Get a HELOC in Canada by Following These 5 Steps

You may be planning to get HELOC to pay for school, finance a home renovation project, or just want access to your home equity for emergencies and the like. For a lot of homeowners, a HELOC is a good borrowing option with relatively low interest as compared to other types of loans. Having a low-interest […]