By law home equity lines of credit, or HELOC loans, must have a cap on how much the interest rates can increase during the life of your loan. This doesn’t cap how much interest fees creep up on you over the life of your loan, but it does make sure that a 4% HELOC doesn’t […]
Do HELOCS Have a Cap on Interest? Read More »
It’s a story as old as time: you get a great low introductory rate… and then the come down. You think you’re getting a great deal, but since you didn’t have one of our handy-dandy Canada mortgage brokers to help you, you didn’t realize what a raw deal you actually were getting. It’s important to
Avoid an unpleasant surprise with home equity lines of credit Read More »
When it comes to getting the right home equity line of credit, you need to know that interest rates are going to be low for a little bit. Right now interest rates are projected to stay in the 3% to 4% range for the next 2 to 3 years, which means that you are going
Is Now the Right Time to Get a Home Equity Line of Credit? Read More »
When it comes to making the most of your equity, a home equity loan (also known as a second mortgage) and home equity lines of credit can really help. You’ll want to be very selective about which lenders you work with, choose the right Toronto mortgage broker (us!) and make sure that the terms you’re
Home Equity Loans and Lines of Credit Read More »
If you want to get a home equity line of credit after bankruptcy you’re going have to fight on your hands. The first thing you want to deal is check your credit report, here you’ll be able to a figure out how much debt you have, what bad accounts you have to handle, and any
How to Get a HELOC after Bankruptcy Read More »
A secured line of credit is just what it sounds like: a line of credit secured by collateral. This may be money or it could be equity in your home. Either way, you’re going to need to be able to put up something in exchange for the money that you need; here we’re going to
Getting a Secured Line of Credit With Bad Credit Read More »
There can be many disadvantages to a secured line of credit, but most of these can be sidestepped with the right Toronto mortgage broker (like us!) Most people get into a bad situation with any type of credit lines because they don’t understand the terms of the agreement that they’ve entered into. Here we’re going
Are There Disadvantages to a Secured Line of Credit? Read More »
Putting a home equity line of credit to work for you means knowing exactly what you’re going to use it for. Here we’re going to talk about the most popular uses like: Paying off your Debts: Many creditors will take lump sum payment deals, saving you from paying thousands of dollars in interest Making Big
Putting a Home Equity Line of Credit to Work for You Read More »
With interest rates at such lows, you might think that now is the right time for a home equity line of credit – but don’t act just yet, speak with one of our Toronto mortgage brokers and see what we can do for you! Sometimes a home equity loan, or second mortgage, is a much
Should You Really Get a Home Equity Line Of Credit? Read More »
One of the latest and saddest identity theft trends in the last couple years are identity thieves using home equity lines of credit to tap the money right out of your home – and you may not even know about it. It’s better you tap into it before someone else does! Here we’re going to
How Thieves are Using Home Equity Lines of Credit Read More »
