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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Getting your home ready for sale need not take expensive renovations and extensive remodeling. Sometimes all you need to do is some smart and inexpensive tweaks to make small changes that buyers can appreciate. Here’s a list of affordable tweaks that you can do before listing your home for sale. Landscape and Exterior Touch Up […]
Are you trying to find home improvement hacks that will help you sell your home, add value to your home, or perhaps just make your home a lot more enjoyable? We’ve got what you’re looking for below! Front Door Facelift A beautiful piece of hardware on your front door will elevate how it looks and […]
Whether you’ve just moved in or have had your home for quite some time, preparing your home for resale would be a smart thing to do given the fact that you may not know when you’ll be moving to a new home in the future. Boosting your home’s resale value starts with thinking about what […]
Living on a fixed income can be very difficult for a lot of Canadians, more so for retirees or those nearing retirement. Financial stress is no joke when you consider rising prices of basic needs, possible health issues with expensive treatments, and other unexpected expenses that may come up. It is no wonder that more […]