Do you know that you can increase your home’s value by tapping into your home equity with the use of a home equity line of credit? Most homeowners have a ton of renovating and remodeling projects they would like to tackle but are refraining from because of shortage of funds. The thing is, now is […]
It seems that not many are aware of the benefits of private mortgage and how they can be used by almost anyone. Private mortgages are truly an under used option by mortgage applicants perhaps because some may not know that it can be the best option for those who have a high possibility of being […]
Some people apply for a home equity loan just because they qualify for it and not for any smart purpose or reason. Sure, it is quite nice to have access to some cash that you can use to buy or pay for some things you may like now, but you have to remember that a […]
People who do not or cannot qualify for the borrowing requirements in Canada’s big banks will find that they have a great option in using a private mortgage lender. How so? Because unlike borrowing from a traditional lender, a loan from a private mortgage lender usually comes from a group of investors or an individual […]
Most people get confused when referring to home equity loans and second mortgages because some websites may use the terms interchangeably, so how are they different? A second mortgage is actually a type of home equity loan. When mortgage professionals bring up the term home equity loan, they are usually referring to a HELOC or […]
A report from Urbanation Inc. shared that the Toronto condo rental market is getting hotter as the real estate market is cooling down as a result of the announcement of new provincial housing measures in April. A New Housing Problem? Real estate consulting firm Urbanation looked into the condominium rental market for the second quarter […]
People constantly talk about predicting that the Toronto Housing Market is going to burst, but would you really believe them when investment genius Warren Buffet himself bought shares at mortgage lending company Home Capital Group Inc.? This isn’t just a show of support! This is a vote of confidence from the financial guru himself! A […]
Now is the best time so far to take advantage of the equity you’ve built in your home. How so? Because mortgage rates have been low and steady in recent years, that’s why! Today’s market presents you with good rates with no indication of sudden change. If you don’t think these days is a great […]
Second mortgages or home equity loans are getting popular once again. It fell back a bit after the recession, but as people are making moves now to take charge of their finances once again, interest in various loan options are picking up. If you want to find out more details about home equity loans and […]
Recent reports share that non-Canadian citizens who bought homes in Ontario are just a small percentage of recent buyers after the speculation tax was implemented for foreign buyers. Effect of Speculation Tax? The Ontario government released a report sharing that only 4.7% of the recent real estate sales in Ontario are by foreign buyers. This […]