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Top Uses for Home Equity Loans in Canada

Getting a home equity loan is one of the increasingly popular ways for Canadians to take advantage of current low-interest rates and increasing house prices. Below are the top uses that Canadians are utilising their home equity loans for. Funding Home Renovation A home equity loan is a smart way to raise funds for home […]

Handle a Bad Debt Using Home Equity

Getting out of debt when one has bad credit is one of the most common issues faced by Canadians these days. It may be quite easy to get out of debt if one has good financial records but for those with bad credit, this is a huge challenge to overcome. Is it Smart to Get […]

Get a Second Mortgage When You Have Bad Credit

Do you know that you can significantly improve your credit score by getting a second mortgage when you have bad credit? If used correctly, a second mortgage can be used to repair bad credit although the challenge lies in qualifying for one when your credit score is bad. If your application is strong enough and […]

Get a Loan Even With A Bad Credit

Buying your dream home or taking a loan is near impossible if you have bad credit. This is because one’s credit score is usually used by lending institutions as a way to determine how risky it would be to lend money to a specific individual. Unfortunately, the credit score does not really represent one’s intent […]

A Bank Declining Means It is Time to Try a Private Mortgage

Getting a loan or a mortgage from a bank these days is made even more challenging because of the new lending laws. The fact is, not every Canadian can qualify for a home loan because of factors such as individual credit score, local regulations, and the increase in the number of applications. People who are […]

What Canadians Should Know About Second Mortgages

Second mortgages are becoming increasingly popular, but do you know why so? What makes second mortgages attractive for many Canadians and why it is worth a consideration for you? Find out about these and more below! Second Mortgages are Usually Used for Debt Consolidation and Home Renovation Most people who get a second mortgage do […]

Convert Your Mortgage Into Assets

Most people think of their mortgage as just another bill to pay, not really seeing it as an investment. This mindset has got to change because far from a money pit, a properly handled mortgage is like building up a savings fund for a rainy day. A mortgage is an investment because the more you […]