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 […]
Though getting a second mortgage is quite popular these days, rates can still vary by a lot depending on several factors including the lender you choose to transact with. Choosing the right lender is a big factor in managing how much you’ll end up paying for the interest of your second mortgage. Why Mortgage Interests […]
Getting a second mortgage is not something that you can simply do on a whim. You have to be sure that you understand what you are getting into and that you’ve at least read about the advantages and disadvantages of second mortgages before plunging in. Asking questions is only wise, after all! Below are the […]
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 […]
Most people wouldn’t think of their home equity as a form of savings that can be used just like cash, but if you know how to tap your equity, you can make it work for you and improve your financial situation. Using Your Home Equity Your home equity is the value of your property that […]
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 […]
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 […]
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 […]
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 […]
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 […]