Financial Resource Centre

Welcome to our Mortgage Blog

Covering everything from home equity loans, second mortgages, debt consolidation and more.

Home Equity Loans

Got a Good Credit Score and Still Got Rejected for a Home Equity Loan?

There is a common misconception that a good credit score means that someone will surely be approved for a home equity loan. The truth is, rejection for a home equity loan isn’t exclusively for those with bad credit. A good credit score can prove beneficial and help someone get a ...

Second Mortgages

Can You Get a Second Mortgage if You Have a HELOC?

An increasing number of homeowners currently has a HELOC so the question is, is it still possible to get a second mortgage if you already have an existing HELOC? The fact is, that may be a big challenge considering the recent changes for second mortgages implemented by Canada’s leading HELOC ...

News

Protect Yourself From Mortgage Fraud and Real Estate Fraud

Mortgage fraud and real estate fraud are on the rise; and the frauds associated with them may take many different forms. As unsavoury as it is to think that these types of fraud happen around us, it is really of little wonder because fraudsters are opportunists and as such, they ...

Home Equity Line of Credit

Get a HELOC in Canada by Following These 5 Steps

You may be planning to get HELOC to pay for school, finance a home renovation project, or just want access to your home equity for emergencies and the like. For a lot of homeowners, a HELOC is a good borrowing option with relatively low interest as compared to other types ...

News

Small Improvements to Help Your Home Sell Faster

Getting your home ready for sale need not take expensive renovations and extensive remodeling. Sometimes all you need to do is some smart and inexpensive tweaks to make small changes that buyers can appreciate. Here’s a list of affordable tweaks that you can do before listing your home for sale. ...

Uncategorized

10 Affordable Ways to Boost Your Home’s Resale Value

Whether you’ve just moved in or have had your home for quite some time, preparing your home for resale would be a smart thing to do given the fact that you may not know when you’ll be moving to a new home in the future. Boosting your home’s resale value ...

Home Equity Loans

Home Equity Loans in Canada

Living on a fixed income can be very difficult for a lot of Canadians, more so for retirees or those nearing retirement. Financial stress is no joke when you consider rising prices of basic needs, possible health issues with expensive treatments, and other unexpected expenses that may come up. It ...

Home Equity Loans

Should You Apply for a Home Equity Loan or Get a Line of Credit?

Making the choice between getting a line of credit and applying for a home equity loan is a tough decision to make. Both will be tapping into your home equity, which means that to get either loan, you’ll be using your home as collateral. However, getting a home equity loan ...

Home Mortgages

Should You Have a Real Estate Lawyer When Buying A Home?

No one buys a home without thinking of it as an investment or as a huge decision with both long-term and short-term effects. After all, even if you’re only buying a second home, or a transition home, a house is still an expensive purchase. Why Get A Lawyer? There is ...