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 […]
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 […]
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 […]
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 […]
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 […]
One of the fastest and most doable ways to build wealth is to build home equity. The value that you build in your home is one of your biggest assets that you can tap in times of need or when you need funding for a large project such as a home renovation. Building home equity […]
Thinking about getting a second mortgage loan can be overwhelming, more so when you don’t know where to start in order to apply for a second mortgage. Perhaps you’re wondering whether you’ll qualify or not, maybe you’re not sure whether applying for a second mortgage would be a smart decision for you, or maybe you […]
Brampton Man Edmund Teelucksingh has been charged with more accusations this year after already being involved in a mortgage case last year where he allegedly bilked real estate investors in the tune of thousands of dollars. Teelucksingh, 50, now living in Brampton, was originally charged in January 2016 by Nottawasaga OPP with fraud in relation […]
A HELOC, or a home equity line of credit, is a type of revolving loan that is secured against the value of your home. You may borrow and reborrow funds long as it is within your credit limit and only pay it back in full when you reach the repayment period. Types of HELOC Home […]
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 […]