Are you unhappy with the current terms of your home loan? Are you struggling with debt? Or do you maybe want to benefit from changed market conditions and get a more competitive rate? If you are in any of these positions, then you have probably heard about the option...
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...
COVID-19 has hit everyone hard. People are afraid to go outside. Some basic freedoms that many of us have taken for granted have been taken away. With this has come a reduction of income for many, along with a severe impact on their credit. As a result, many...
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...
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 out of...
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...
A New Mortgage Could Make Your Year Great! Whether you need to renew your existing mortgage, need a second mortgage, or are planning to purchase your first home - where you go for help makes a difference. Your next mortgage can be hard or it can be an easy application...
How Can a Home Equity Credit Line Help You Enjoy a Beach Vacation Over the Holidays? Are you overdue for a holiday? Is it your dream to take your family on a vacation before the year is over? A home equity credit line can help you escape to the beach. You can have a...
Do you want to know how to Get a Home Equity Line of Credit for People with Bad Credit? One of the greatest financial resources available to you is your house. It’s one of the most expensive assets that you own. And, if you’ve been making regular payments on your...
HELOC Rule Changes Have Not Made it Easier to Tap into Your Home Equity Over the last year, it’s become harder for Canadians to tap into their home equity. New mortgage rules, combined with higher interest rates, have made borrowing against home equity tougher. Many...
Did you know that over 60% of Canadians live paycheck to paycheck, struggling to manage essential expenses and unexpected costs? With financial stress at an all-time high, many Canadians are searching for simple, effective ways to take control of their money. The...
"When America sneezes, Canada catches a cold." This classic saying still holds today, especially when it comes to the economy. For Canadian homeowners, events in the United States—particularly an election—can create ripple effects that influence everything from...
For many Canadian homeowners, especially in times of financial strain or growth opportunities, the question isn't just about whether they can access more funds—but how. One powerful yet often overlooked solution is leveraging multiple financing options like a primary...