by Paul Tsigaris | Feb 15, 2021 | Second Mortgages
A second mortgage or a home equity loan is another loan you take out from the same property. The amount that you are allowed to borrow depends on the amount of equity in your home. Home equity is the difference between the market value of your property less what you...
by Paul Tsigaris | May 12, 2020 | Home Equity Loans
Can you get a home equity loan with bad credit and no income in Ontario? If you own your home and have built up equity, the answer is often yes — even when you are facing both problems at once. Bad credit and unverifiable income are the two things that make banks say...
by Paul Tsigaris | Mar 27, 2020 | Mortgage Advice, Mortgage Arrears, Mortgage Broker, Mortgage Deferrals
Am I Eligible For A Mortgage Deferral Because of Covid 19? Frustrated Canadians looking for Covid 19 mortgage relief or coronavirus mortgage deferrals are facing delays and denials from Canada’s big banks. The big banks have been flooded with calls over a short period...
by Paul Tsigaris | Mar 24, 2020 | Consumer Proposal & Bankruptcy
Considering Bankruptcy? If You Have Home Equity Read This First… If you feel like you’ve been drowning in debt, you may be considering bankruptcy. You may also be looking for a way to avoid bankruptcy. Fortunately, for homeowners, there may be a way to get...
by Paul Tsigaris | Feb 19, 2020 | HELOC, Mortgage Advice
How to Save Money for Retirement with an Equity Line of Credit Do you have or need an equity line of credit? February is almost over and it’s your last opportunity to invest in RRSPs for savings on your tax bill. You could increase your income tax refund and use some...
