RRSP vs. RSP
Often the the terms RSP and RRSP are used interchangeably, which can be correct, but it depends on the context.
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Whether you’re looking to tap into your home equity to pay down high-interest debt, need to finance a renovation, or are in the market to buy a new house, Leap Financial knows that the mortgage loan process can be stressful and financially draining. With their team of specialized mortgage brokers, Leap Financial helps consumers in British Columbia take the leap into financial freedom.
We are a compassionate team of mortgage brokers with a combined total of 20+ years of industry experience. We have gone through the lending process and understand how stressful it can be. We created Leap Financial knowing that it is important to genuinely care about your customers’ financial health and making the process as smooth as possible – as this can offer peace of mind to those in need. This is what we do and we are proud to be helping BC homeowners.
The primary focus is the equity that the BC homeowner has in their home. Credit will have an impact if it’s a conventional mortgage.
The equity a homeowner has in their home and the location of the property.
The process is smooth and simple. The first step is completing the application form on LeapFinancial.ca. Our team of experts review the application ASAP and may require additional information including an appraisal, first mortgage details, and employment information.
The best time for a homeowner to tap into their home equity is when they need to cover home renovations to make their current space either more livable or sellable. You can also use the funds to start or grow a business. When it comes to covering debt, it is important to consolidate your debt as soon as possible especially when it comes to credit card debt.
Conventional mortgages (purchases and refinances), construction financing, deposit loans.
Yes, the number of applications did drop for a bit and the reasons have altered since Q2 as more and more homeowners are looking to cover unexpected expenses.
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Often the the terms RSP and RRSP are used interchangeably, which can be correct, but it depends on the context.
Trustees are seeing a 47% drop in the number of bankruptcies across the country and a 35% drop in consumer proposals.
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