HELOC-toronto

How Second Mortgages Work

A second mortgage allows you to borrow against the asset that you have built in your home. If you own a home and have been paying your mortgage, you are building home equity that can be accessed with the help of a second mortgage. This will help you use your asset for your projects without […]

Pros and Cons of Home Equity Loans

Getting a home equity loan is not a decision that can be taken lightly. As a type of second mortgage, applying for a home equity loan means borrowing against your home equity or getting a loan with your home as the collateral. Inability to pay back the loan can mean losing one’s home. How to […]