Financial Resource Centre

Welcome to our Mortgage Blog

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

Home Equity Loans

Is It Easy to Get a Home Equity Loan in GTA in 2021?

Getting a home equity loan if you’re from the Greater Toronto Area shouldn’t be much of a hassle if you own your home and willing to work with lenders other than banks. It will help a lot too if you have some assistance from mortgage professionals in the GTA like ...

News

Brokers Should Know This About Mortgage Fraud

There has been a recent uptick in the cases of mortgage fraud in Canada and both lenders and brokers should take steps to ensure that they’re a step ahead of the fraudsters at all times. A Growing Concern Equifax reported in February that Canadians have a growing concern about the ...

Home Equity Loans

Use Your Home Equity to Get a Loan in 2021

Building your home equity comes with owning property in Canada. As you pay mortgage for your property, you build equity that can grow big through the years. Add to this the fact that your home equity will also rise together with any increase in property value. How can you benefit ...

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 ...

Home Equity Line of Credit

Getting A Line of Credit in Ontario Even with A Bad Credit

Things may be a bit challenging for some of our fellow Canadians even with things looking like we will be soon able to go back to normal. After all, financial responsibilities do not end and cannot be told to wait for better days. What can you do if you happen ...

Home Equity Loans

Getting A Home Equity Loan with No Income

A lot of people have lost their jobs or source of income during the pandemic. If you are a homeowner, you can use your home equity to access some cash; but is that possible with no income? Can an application get approved? Is It Possible to Get A Home Equity ...

Home Equity Loans

What Are The HELOC and Home Equity Loan Requirements in 2021?

One of the smartest ways to fund financial projects is to use home equity if you’re a homeowner. You can convert your home equity into accessible cash to pay for debt consolidation, home improvement, or other large expenses by applying for a HELOC or a home equity loan. Below are ...

Second Mortgages

When You Should Consider Getting a Second Mortgage

Getting a second mortgage isn’t as simple as marching to a bank and telling lenders that you want to take a loan against your home equity. Although a second mortgage is just defined as a loan against the equity you’ve built up for your home, getting one is a complicated ...

Home Equity Line of Credit

Thinking of Getting A HELOC in 2021?

A HELOC remains popular in 2021 because it gives borrowers plenty of freedom as it functions like a credit card and has a variable interest rate that some borrowers may find attractive. It allows people to access a credit line that is tied to their home equity as needed and ...