How to Build Home Equity in Canada
Are you currently in the process of mortgaging a home in Canada? If so, did you know that you are building equity as you pay off your mortgage? Home Equity: What is it and How Do I Calculate It? The concept of… Read More
How to Get a Second Mortgage in Toronto
Do you have a large expense that you need to pay for and are considering taking out a loan to cover it? While you could always take out a personal loan or even spend against your credit card… Read More
How to Use a line of Credit
Most people aren’t in debt on purpose; more often than not debt happens when an unexpected expense or financial issue pops up. We cannot predict the future and people tend to ignore the fact that they need money to fall back on when they encounter difficulties in their lives. Read More
When is Tapping into Your Home Equity a Good Choice?
Home equity often fluctuates in accordance with the economy, so if the economy is currently doing well then it’s safe to say that the market value of your home has the potential to rise. When this happens it can be tempting to tap into your home equity in order to… Read More
HELOC, Refinance or Second Mortgage?
The equity you have built in your home can be used in a number of ways. Whether you are planning to pay off your high interest debt, or looking to do substantial upgrades to your home it is natural to look to your biggest asset as a way to fund… Read More
Leverage Home Equity for Cash
If you have a mortgage but are in need of more cash, you can leverage your home equity to get the money you want. When you first receive your mortgage, your loan is secured by a portion of the equity of your home (up to 95%). That means that your… Read More
Home Equity Loan vs. HELOC
If you own a home – or if you have a mortgage on a home and owe less money on the house than it is worth – there are a couple ways you can turn that mortgage into money. One way is with a home-equity loan. The second is with… Read More