Financial Resource Centre

Welcome to our Mortgage Blog

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

Home Equity Loans

Have a Bad Debt? Let a Home Equity Loan Take Care of It!

It is near impossible to get out of debt when you also have bad credit. Unfortunately, debt and bad credit is a common problem faced by a lot of Canadians these days. Some people are paying their bad debt with a home equity loan and it seems to be working ...

News

2019 Predictions for the Mortgage Market in Canada

2018 was such a ride for the Canadian Mortgage Market. The Stress Test was introduced and a higher interest rate was implemented. This year won’t be any different. Those wanting to get a mortgage, apply for a second mortgage, or get any other types of mortgage on their existing home ...

News

Is the Month of May Really the Best Time to Sell a Home?

Most real estate articles and blogs say that the best time to sell a home is during spring and that the best time to buy one is during winter. If this is the case, won’t the home sellers and home buyers have a hard time meeting each other’s needs? A ...

Home Equity Line of Credit

The Differences Between Home Equity Loans in Canada and HELOCs

Home Equity Loans and HELOCs allow you to use your home’s equity as collateral when borrowing money. The borrowed money from a HELOC or a Home Equity Loan can be used to pay for college education, buying a new property, or used for home renovations and repairs. But is this ...

Second Mortgages

Do Not Get A Second Mortgage Without Reading This

Just thinking about getting a second mortgage can be very intimidating. Maybe you’re unsure about whether getting a second mortgage can really help you. Understanding what it is and what it can do for you should allay your worries and make for a smoother application process. That’s why we wrote ...

Debt Consolidation

Should You Consolidate Debt? Your Debt Consolidation Considerations

Debt consolidation is becoming more popular these days but is it worth it to consolidate your debt? Basically speaking, debt consolidation is the process of making your life easier by converting multiple high-interest debts into a single lower-interest debt. It may not be for everyone but it is best to ...

Debt Consolidation

Pros and Cons of Debt Consolidation – Be Debt-Free Soon!

The journey to going debt-free is a long and challenging one. You’ll have to make a lot of sacrifices and really motivate yourself in order to work towards paying off debts and going debt-free. You can start your journey by applying for a debt consolidation loan to make paying debts ...

Home Equity Line of Credit

Make the Most Out of a HELOC

Getting a HELOC can either be a smart financial decision or a cause for trouble. A lot of people are worried about applying for a HELOC despite needing one because they worry about not being able to pay or getting tempted to max out the HELOC limit and plunging deeper ...

Private Mortgages

Are There Risks Borrowing from Private Mortgage Lenders?

Reports show that there is an increasing number of homeowners who are borrowing from private lenders in the Greater Toronto Area but are they doing the right thing? Is it safe to borrow from private mortgage lenders? Why People Are Turning to Private Mortgage Lenders With banks and large financial ...