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
Financing Your Home Renovation to Care for Aging Parents
In 2015, Canadians reached a milestone where adults over age 65 now outnumber children under 15. With seniors being over 16% of the population and continuing to increase, many Canadians are finding themselves in the middle stages of life, with children at home and parents who also need… Read More
Should I use Home Equity to Pay off my Credit Card Debt?
If you’ve owned your home or a property for several years, it’s very likely that it has equity. Furthermore, if your home or property has increased in value over the years then it definitely has equity and potentially quite a lot. When property has equity, the owner can use that… Read More
Apply For a Second Mortgage in Canada
A second mortgage is typically taken out against a property that already has a loan against it, most often for the purpose of securing a large sum of money to either pay off debts or invest in something else. You’ll often hear a second mortgage being referred to as a… Read More
How to Refinance a Second Mortgage
As a homeowner it’s always a good idea to understand all the ins and outs of mortgages, including how to refinance both a first and a second mortgage. One of the best things about refinancing is that if done properly there’s potential to reap quite a lot of dividends, this… 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
All About Second Mortgages
Second mortgages are a product popular among many of our applicants, so today we thought it would be great to put together some of our many second mortgage resources and make it easier for you to find the information you’re looking for. Below you will find a mash-up of some… Read More
Line of Credit vs Second Mortgage
So you’re in need of some easy cash and you start thinking about leveraging the equity of your home to obtain a loan. You know you can apply for either a second mortgage or a home equity line of credit (HELOC), but which should you go for? Today’s blog posts… Read More