Financial Resource Centre

Welcome to our Mortgage Blog

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

Second Mortgages

Is 2024 The Year to Get a Second Mortgage?

Getting a second mortgage is not an easy feat for a lot of homeowners more so that there are plenty of negative notions about it. It is not a secret that some people may have lost their properties when they were not able to fulfill their end of the terms. ...

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Why Canadian Seniors Should Be Tapping Into Their Home Equity

Most seniors who own homes have stopped working and are either relying on passive income through investments or their savings. A lot are cash poor and feel that they can’t enjoy retirement because of financial issues. Luckily for them, they can use the accumulated value of their property to their ...

Home Equity Loans

Home Equity Loans – What You Need to Know

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 ...

Second Mortgages

Getting A Second Mortgage in Ontario? Read This!

Have you heard that more than 2 million Canadians have second mortgages? With this huge number of second mortgage holders, you probably expect that almost everyone is keenly aware of what a second mortgage is and how it works. That is not the case. If you’re from Ontario and want ...

Home Equity Loans

Here Is What You Must Know About Borrowing Against Home Equity

Getting a home equity loan is a great financing solution for a lot of people but what does it really mean? What is meant by borrowing against home equity in Canada? Is this something that sounds like a smart decision at this time? What Is Home Equity? Do you know ...

Home Equity Loans

Home Equity Facts: What You Need to Know

Homeowners refer to their hone equity as wealth, but what does it have to do with building your net worth? What is home equity and how does it contribute to your wealth? What is Home Equity? Home equity is the value that you have built up in your home. If ...

Second Mortgages

The Basics of What You Have to Know About Second Mortgages

A second mortgage is basically what its name says it is. It is a kind of loan that a homeowner can take using the home as the collateral while still having another loan secured by the same house. In other words, a homeowner will be adding to his or her ...

Home Equity Loans

Second Mortgage Loans vs. Home Equity Loans

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 ...

Second Mortgages

Getting to Know Second Mortgage Loans

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 ...