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How Difficult is it to Get a Home Equity Loan?

Getting a home equity loan is considered to be quite a feat for a lot of people because of perpetuated common myths about home equity loans. Don’t forget that other factors such as being self-employed or having a less than stellar credit history can be a deal breaker with some lenders. So, how true is […]

Disadvantages and Advantages of Second Mortgages

Applying for a second mortgage is no light decision because it is a loan that can take your home away from you if not paid back according to the terms you’ve agreed to. On the other hand, it allows you to access your equity without having to sell your home. With this in mind, it […]

How to Use Your Home Equity for A Loan

Home equity is a huge asset that you can use to help you fund some projects, finance investments, or use as emergency cash with the help of a home equity loan. There no one specific way to best use a home equity loan but by understanding what it is, you’ll be better equipped to decide […]

Household Lending Tightened Due to New Mortgage Rules

New mortgage rules made household lending a bit trickier for the first quarter of 2018, shared Bank of Canada. This development regarding the OSFI mortgage stress test that started in January led to more Canadians going to loan sharks and to private lenders because they can’t qualify for a bank mortgage. Survey Results A survey […]

When You Should Consider Getting a Second Mortgage

Getting a second mortgage isn’t as simple as marching to a bank and telling lenders that you want to take a loan against your home equity. Although a second mortgage is just defined as a loan against the equity you’ve built up for your home, getting one is a complicated process that can result to […]

Use a Private Mortgage the Smart Way

A lot of people are afraid of applying for a private mortgage despite hearing a lot of good things about it and how it can benefit them because they worry that they might mess up and cause more financial issues on their side. That shouldn’t be the case, more so now that there is an […]

Choosing Debt Consolidation Loan Options Wisely

There are many types of debt consolidation loans to choose from, but one might be better than the other for you depending on your specific circumstances. Read on below to help you choose the best one for your needs! But First, Why Consolidate Debt? Paying debt can be very difficult, more so when you have […]