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
A homeowner who has built up equity over time can qualify for a second mortgage. This is a type of loan that uses your home as collateral. Like first mortgages, it has to be repaid and the terms are usually
If you have a bad credit score, you’re not alone. Poor credit or bad credit mortgage options are available in Canada. Here in Canada, poor credit is usually anything under 650. If yours is lower than that, you’re going to
If you are looking for a large amount of financing you might be the right candidate for a home equity loan. A home equity loan is pretty much exactly what it sounds like – a loan approved based on the
If you have a history of bad credit, you may be wondering how you can access the equity in your home. After all, you’ve made the investment in your home, and you may want the flexibility that a home equity
Getting a second mortgage with bad credit is not as hard as you think. Like most people, many Canadians have anxiety about debts. If this sounds like you, there’s a good chance you may have bad credit. In Canada, “bad
A home equity loan with bad credit can help you unlock large amounts of capital that you can use to finance everything from home renovations to debt repayments. Typically, home equity loans are popular and more favorable because they have
If your credit is less-than-perfect, it’s not the end of the world and there are many options still available to you. A bad credit mortgage in Canada gives you options you don’t have with traditional loans. If you’re looking to
Property tax arrears solutions are just a phone call away, so don’t risk losing your home. Banks and credit unions are known for turning down applications where the borrower is in property tax arrears. There are still options available to
Considering a refinance or home equity loan to complete home renovations. Renovation tips to boost my homes value are on the minds of many homeowners. Home A and B in the same neighborhood will not always hold the same value.