Getting a second mortgage is a popular way to access home equity, but not everyone is well-versed with it. As a homeowner, you may have heard of a second mortgage and perhaps considering applying for one right now. Before you do so, make sure to read up on the things to know when getting a […]
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 […]
COVID-19 has been causing fear and panic worldwide, making people shutdown businesses and go on a rampage at the stock market. It is no secret that millions of people are dealing with revenue and income losses. Aside from losing paychecks, people are facing overall financial uncertainty because health experts are warning that the current situation […]
How to borrow against home equity is a common question from homeowners these days. In these trying times, homeowners are trying to find more ways to leverage their homes to cover their other financial responsibilities. One good way to accomplish that is to borrow against your home equity. Although many Canadians have substantial savings, unforeseen […]
Some people are worried about getting a second mortgage in Canada because they have a lot of questions and are not sure of the answers. Although getting a second mortgage is now more popular than ever, it is understandable that some people may have misgivings about applying for one because of uncertainty regarding some details. […]
Getting a second mortgage remains as one of the best financial solutions for homeowners who are at a financial bind and need funds. Not everyone has a stash of savings in their bank and when a huge expense comes by, it is comforting to know that you can use your home equity to gain access […]
Refinancing your mortgage means breaking your old one and starting a new one either with the same lender or another lender. This allows you to get a lower interest rate, consolidate your debts, or access the home equity you’ve built up on your home. Although a mortgage refinance comes with prepayment fees and other risks, […]
Improving your home’s value is something you should always have in the back of your mind when you’re a homeowner. Better home value means you will have an easier time selling when you decide it is time to let go. It also means increasing your home equity so that you can tap into it in […]
Debt consolidation loans have ads everywhere, but do they really work? How can a debt consolidation loan help someone who is struggling financially with debt if it is just another type of loan? What makes a debt consolidation loan better than other loans? What is Debt Consolidation? Debt consolidation is a process with which you […]
With most of Canadian homeowners also having debts of some kind, debt consolidation has become a popular way to manage debt and get out of it faster. A lot of debt consolidation options have become available due to this development, each coming with their set of pros and cons. In this article, we will give […]