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How to Qualify with Second Mortgage Lenders with Bad Credit

How to qualify with second mortgage lenders with bad credit? More than 1.9 million Canadians take out second mortgages to finance their homes. They’re handy for some extra funding for renovations to your home. But getting a second mortgage isn’t as easy...

May 18, 2021

What You Need to Know About Getting a Private Mortgage in Canada

Home Equity Loan

What You Need to Know About Getting a Private Mortgage in Canada

What you need to know about getting a private mortgage in Canada. Canadian banks and most financial institutions consider a variety of factors when approving a mortgage. Apart from ensuring that the borrower has the capacity to pay, banks also...

May 11, 2021

Home Equity Loan

Using Home Equity Loans for Renovation Projects

Using home equity loans for renovation projects comes with a ton of advantages. Do you plan on selling your home in the future or Is your family growing out of your current home? Then you may have thought about getting...

May 4, 2021

Home Equity Loan

Why a Home Equity Loan Can Be Useful: A Complete Guide

A complete guide to getting a home equity loan and how it can be useful to you. Did you know that almost 1/3 of Canadians are concerned that they won’t be able to financially recover from the negative impacts of COVID-19? As...

April 27, 2021

How to Obtain a Home Equity Line of Credit With Bad Credit?

HELOC

How to Obtain a Home Equity Line of Credit With Bad Credit?

How to obtain a home equity line of credit with bad credit is a great question. Getting a home loan may seem like a perplexing problem if you have a bad credit history. Most banks rely on your past credit...

April 20, 2021

Home Equity Loan

How Does a Second Mortgage Work?

How does a second mortgage work? If you are a Canadian homeowner, you should be familiar with how a second mortgage works. This can be a great option for people who need some money for investments, livelihood, etc. In essence,...

April 13, 2021

Home Equity Loan vs HELOC: Which One Makes Sense for You

HELOC Home Equity Loan

Home Equity Loan vs HELOC: Which One Makes Sense for You

Thinking about the different benefits of a home equity loan vs a HELOC. 8.5 million Canadian households own their own home. They make those monthly payments to work towards complete homeownership and to build equity over time. One big advantage to...

April 6, 2021

Private Mortgage Lenders Near You in Ontario

Home Equity Loan

Private Mortgage Lenders Near You in Ontario

Finding private mortgage lenders near you in Ontario is not as difficult as you think. Circumstances might make it difficult to qualify for a traditional mortgage. If you have bad credit or you’re self-employed, a bank may turn you down when...

March 31, 2021

How Private Mortgage Lenders Can Help You Get Financing

Home Equity Loan

How Private Mortgage Lenders Can Help You Get Financing

Getting a mortgage at conventional banks can be stressful, especially for high-risk borrowers. Most of these financial institutions would look at a borrower’s credit rating before qualifying them for a mortgage. They need to also satisfy strict criteria before approving...

March 23, 2021