by Paul Tsigaris | Dec 8, 2023 | Mortgage Refinance
Mortgage Refinancing: What to know. The coronavirus pandemic affected everyone in different ways. Nationwide shutdowns forced people out of the workforce for various reasons. This left many Canadians struggling to make ends...
by Paul Tsigaris | Dec 1, 2023 | Second Mortgages
If you are asking what is a second mortgage in Canada, the short answer is this: it is a loan secured against your home while you still have a first mortgage in place. It lets you borrow against the equity you have built up, without disturbing your existing mortgage....
by Paul Tsigaris | Nov 24, 2023 | home equity calculator
As a homeowner in Canada, you can use the equity in your home through a home equity loan. These loans often provide a more financially advantageous borrowing option compared to other alternatives. However, you must be aware that they carry certain risks. Home equity...
by Paul Tsigaris | Nov 17, 2023 | Reverse Mortgages
Can you get a reverse mortgage with bad credit in Canada? For most homeowners, the answer is yes — and it is one of the reasons a reverse mortgage is so accessible. Because approval is based on your age and your home equity rather than your credit score, bad credit is...
by Paul Tsigaris | Nov 9, 2023 | Reverse Mortgages
A reverse mortgage can be a smart way to fund retirement—or an expensive mistake—depending entirely on your situation. If you are a Canadian homeowner aged 55 or older weighing the reverse mortgage pros and cons, the honest answer is: it is right for some people and...
